Updated 4 plex with long term renters who enjoy fabulous river and sunset views. The garages are in high demand in this upscale riverfront community. The CM2 zoning allows a wide range of commercial and residential uses. This turnkey property provides good cash flow and is ideal for future river view development. Take a drive and stroll on the levy to appreciate this tremendous opportunity.
Off market
$786,000
226 N Bridgeton Rd, Portland, OR 97217
6beds
4baths
3,476sqft
MultiFamily
Built in 1956
-- sqft lot
$786,000 Zestimate®
$226/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Baseboard, Electric
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Common Area
Features
- Storage
- Windows: Window Coverings
Interior area
- Total interior livable area: 3,476 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached
Features
- Patio & porch: Deck
- Exterior features: Cement / Concrete
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: River Front
- Body of water: Columbia River
Lot
- Size: 9,997 sqft
- Features: Corner Lot, Views
Details
- Parcel number: R121097
- Zoning: CM2
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Updated/Remodeled
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 4980
Other
Other facts
- Roof: Metal
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- Appliances: Refrigerator, Electric Water Heater, Range
- GarageYN: true
- HeatingYN: true
- PatioAndPorchFeatures: Deck
- Utilities: Electricity Connected
- FoundationDetails: Slab
- NumberOfUnitsTotal: 4
- WaterfrontYN: true
- ConstructionMaterials: Block
- LotFeatures: Corner Lot, Views
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Guest, Garage
- RentIncludes: Water, Sewer, Trash Collection
- WindowFeatures: Window Coverings
- PropertyCondition: Updated/Remodeled
- Zoning: CM2
- WaterBodyName: Columbia River
- LaundryFeatures: Common Area
- WaterfrontFeatures: River Front
- InteriorFeatures: Storage
- View: Territorial
- CapRate: 4.76
- GrossIncome: 46417
- OperatingExpense: 10739
- MlsStatus: Pending
- GrossScheduledIncome: 59760
- TotalActualRent: 4980
- NetOperatingIncome: 35678
Services availability
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Estimated market value
$786,000