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.
Sold
$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
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#: 23620963

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