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  • $1,275,000

    14832 SE Lee Ave, Portland, OR 97267

    10beds
    5,200sqft
    Multi Family
    Built in 1966
    -- sqft lot
    $1,313,900 Zestimate®
    $245/sqft
    $-- HOA

    What's special

    Discover a premier Oak Grove multifamily investment. This six-unit property has four units with two beds and one bathroom and two units with one bed and one bathroom. All units have been modernized in recent years and feature contemporary amenities. On-site laundry enhances convenience for tenants. The property consists of two buildings on a large lot and features newer roofs, vinyl windows, and wood siding. Each unit has a private, fenced backyard, and eleven parking spaces are available.Opportunity to increase AGI through billing back utility expenses currently covered by the landlord. Rents are currently 18.8% below the market rates, presenting an excellent opportunity to increase rental income. The property has been exceedingly well-maintained, ensuring its long-term stability and lowering its maintenance expenses.The property's proximity to coffee shops and restaurants makes it an attractive living environment for tenants. Its strategic location and desirable characteristics make it an attractive investment opportunity.

    Zillow last checked: 7 hours ago

    Listing updated: November 11, 2023 at 05:09am

    Listed by:

    Benjamin Ficker 971-235-9561,

    Keller Williams Sunset Corridor

    Bought with:

    Jason Waxberg, 980500059

    Equity Pacific Real Estate LLC

    Source: RMLS (OR),MLS#: 23620963MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Ceiling
    Appliances
    • Included: Dishwasher, Range, Refrigerator, Electric Water Heater
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 5,200
    • Total interior livable area: 5,200 sqft

    Property

    Parking
    • Total spaces: 11
    • Parking features: Assigned, Open
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    Lot
    • Features: Level, SqFt 15000 to 19999
    Details
    • Parcel number: 00269195
    • Zoning: MR1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Approximately
    • Year built: 1966

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Portland
    • Subdivision: Oak Grove

    HOA & financial

    Other financial information
    • Total actual rent: 7550

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $1,313,900