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4405 SE 15TH AVE

Portland, OR 97202
Square Ft.
6,300
Active
Multifamily
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$1,975,000
Eleven unit apartment community with history of high occupancy and cash flow. Priced at a 5.75% cap rate on 2024 financials. Many recent property updates and off street parking has helped the property maintain 98% occupancy over the last two years. Owner is a real estate broker in Oregon.
Listing courtesy of GA Cooke Real Estate Services.
Listing Snapshot
Days Online
72
Last Updated
Square Ft.
6,300
Lot Size
0.29 Acres
Year Built
1970
MLS Number
617529654
30 Days Snapshot Of 97202
$709k
0%
(avg) sold price
38
-33%
homes sold
27
+42%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 6300, Built in 1970, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2
Community
Community Features: Laundry
Expenses
Operating Expense: $55,978
Exterior Features
Exterior Description: T111Siding
Foundation
Foundation Details: Slab
Heating
Heating: WallHeater
Income
CAP Rate: 5.29, Gross Income: $160,474, Gross Rent Multiplier: 12.31, Net Operating Income: $104,496
Lot
Size Acres: 0.29, Size Range: SqFt10000to14999, Size Square Feet: 12,632, Size: 10,000 to 14,999 SqFt
Miscellaneous
Investor Information: ProfitLossStatement
Parking
Features: OffStreet, 13 total parking spots
Property
Number Of Units Total: 11, Property Condition: Existing, Zoning: multi
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $18,528, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,185, Area: 550, Features: Dishwasher, Range, Refrigerator, Units Total: 10, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,345, Area: 1100, Features: Dishwasher, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, 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.
Grout Elementary School 503-916-6209 Public EE-5
Hosford Middle School 503-916-5640 Public 6-8
Cleveland High School 503-916-5120 Public 9-12
Grout Elementary School 503-916-6209 Public EE-5
Hosford Middle School 503-916-5640 Public 6-8
Cleveland High School 503-916-5120 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.