Presenting a premier multi-family investment opportunity in SE Portland that perfectly balances sophistication and potential, with a cap rate above 5%. This expansive triplex features 8 bedrooms and 6 bathrooms across 3,172 sq ft of living space. Each unit is equipped with modern amenities, providing the comfort and convenience tenants seek, ensuring high satisfaction, and keeping vacancy rates remarkably low. Recent updates throughout the property have reduced maintenance needs, allowing you to enjoy the benefits of a reliable and consistent cash flow with minimal oversight. The inclusion of an 8-car parking lot further enhances the property's appeal, offering convenience that residents will appreciate.What truly sets this property apart is its zoning, which allows for the construction of additional housing units. This opens the door to significant income growth, making this investment even more enticing. The potential to expand and increase revenue is a rare opportunity in today’s market.Located just minutes from a vibrant array of dining options, bars, and entertainment venues, this property is in a prime location that tenants will love. It’s also ideally situated on a bus line, with easy freeway access, and only 15 minutes from downtown Portland. Nearby hospitals and major employment centers add to its desirability, ensuring strong and steady tenant demand.Investors will quickly recognize the exceptional value this property offers. However, we advise all buyers to conduct their own due diligence regarding zoning to fully capitalize on the available opportunities. With a strong rental income already in place, room for growth, and a cap rate above 5%, this property is a standout choice for investors seeking both stability and potential.
Sold
$677,000
13412 SE Stark St, Portland, OR 97233
8beds
3,172sqft
Multi Family
Built in 2006
-- sqft lot
$673,600 Zestimate®
$213/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: October 11, 2024 at 06:21pm
Listed by:
Tony Apa 503-806-9773,
ELEETE Real Estate,
Courtney Clarke 503-349-6557,
ELEETE Real Estate
Bought with:
Johnny Choi Sang Wong, 200503345
MORE Realty
Source: RMLS (OR),MLS#: 24152671

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 3
- Partial bathrooms: 3
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 3,172
- Total interior livable area: 3,172 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway, Paved
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.29 Acres
- Features: Level, On Busline, Private, SqFt 10000 to 14999
Details
- Parcel number: R283940
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Existing
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & neighborhood
Security
- Security features: Unknown
Community
- Community features: Close to parks and Highschool
Location
- Region: Portland
- Subdivision: David Douglas
HOA & financial
Other financial information
- Total actual rent: 4785
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete, Paved
Services availability

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Estimated market value
$673,600