Great chance to purchase this 4-plex with development or expansion opportunity zoned RM2. HUGE lot in the inner city with a solid performing fully-occupied multifamily. The back 1/2 of the property is private, leaving room to expand or develop. Access to bus, shopping, freeways and inner city as well as updated units with decks or patios make these units very desirable and minimize vacancy. Don't miss your chance to invest and grow! Call today for more information! DND Tenants!
Off market
$916,200
400 NE 63rd Ave, Portland, OR 97213
8beds
4baths
3,728sqft
MultiFamily
Built in 1967
-- sqft lot
$916,200 Zestimate®
$246/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 3,728 sqft
Property
Features
- Patio & porch: Deck, Deck Storage
- Exterior features: Wood
Lot
- Features: Gentle Sloping
Details
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Approximately
- Year built: 1967
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: 5670
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- HeatingYN: true
- PatioAndPorchFeatures: Deck, Deck Storage
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Wood Siding, Wood Composite
- Roof: Composition
- LeaseTerm: Month To Month
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection
- Zoning: RM2
- OpenParkingYN: true
- LotFeatures: Gentle Sloping
- Appliances: Electric Water Heater
- ParkingFeatures: Open
- CapRate: 5.57
- MlsStatus: Pending
- PropertyCondition: Approximately
- GrossIncome: 68607
- GrossScheduledIncome: 73409
- NetOperatingIncome: 52948
- OperatingExpense: 15659
- TotalActualRent: 5670
- TaxAnnualAmount: 9274.06
Services availability
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Estimated market value
$916,200