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14937 SE STARK ST

Portland, OR 97233
Active
Multifamily
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$2,200,000
14937 SE Stark St presents an opportunity to acquire a well-located 16-unit apartment community in Portland’s Mid-County submarket on nearly three quarters of an acre. Across four buildings, 12 of the 16 units were built between 2001 and 2005, with one fourplex built in 1966. The unit mix is highly… Read MoreRead Less
Listing courtesy of SMI Commercial Real Estate LLC.
Listing Snapshot
Days Online
35
Last Updated
Lot Size
0.73 Acres
Year Built
2005
MLS Number
599632980
30 Days Snapshot Of 97233
$407k
+10%
(avg) sold price
31
+72%
homes sold
46
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2005, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Cooling
Cooling: Other
Expenses
Operating Expense Scheduled: 118740, Operating Expense: $110,932
Exterior Features
Exterior Description: Other
Heating
Heating: Other
Income
CAP Rate: 5.8, Gross Income: $251,040, Gross Rent Multiplier: 8.76, Gross Scheduled Income: $287,100, Net Operating Income: $127,556, Net Scheduled Income: 166919
Lot
Size Acres: 0.73, Size Range: SqFt20000toAcres1, Size Square Feet: 31,798, Size: 20,000 SqFt to .99 Acres
Miscellaneous
Investor Information: AccordingToOwner, ProfitLossStatement, TaxReturnsAvailable
Parking
Features: Assigned, 16 total parking spots
Property
Number Of Units Total: 16, Property Condition: Approximately, Zoning: RM3-PDX
Roof
Roof: Other
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $32,543, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $995, Area: 700, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,214, Area: 900, Units Total: 5, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,368, Area: 993, Units Total: 10, 2 total bathrooms, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Other, Water Source: PublicWater
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Glenfair Elementary School 503-491-2720 Public KG-5
Hauton B. Lee Middle School 503-491-2723 Public 6-8
Reynolds High School 503-667-3186 Public 9-12
Glenfair Elementary School 503-491-2720 Public KG-5
Glenfair Elementary School 503-491-2720 Public KG-5
Hauton B. Lee Middle School 503-491-2723 Public 6-8
Reynolds High School 503-667-3186 Public 9-12

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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.