Huge potential here with a detached 7 bed, 4 bath home that is used as two units now, (3) townhomes (2) recently updated, a 4th unit beneath the townhomes, large storage/maintenance office below, adjoining .31 acre vacant lot included in the sale is approved for another 4 plex! Great ROI potential when fully rented at market rates!
Off market
$1,157,100
4647 NE 115th Ave, Portland, OR 97220
15beds
7,850sqft
MultiFamily
Built in 1973
-- sqft lot
$1,157,100 Zestimate®
$147/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 11
- Full bathrooms: 11
Heating
- Baseboard, Electric
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Dishwasher, Refrigerator, Storage, Range, Washer/Dryer
Interior area
- Total interior livable area: 7,850 sqft
Property
Details
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1973
- Major remodel year: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- Zoning: R3
- GarageYN: true
- HeatingYN: true
- NumberOfUnitsTotal: 5
- CurrentFinancing: Conventional, Cash
- Roof: Composition
- NumberOfUnitsInCommunity: 5
- YearBuiltEffective: 1973
- ParkingFeatures: Garage, Paved
- InteriorFeatures: Dishwasher, Refrigerator, Storage, Range, Washer/Dryer
- CapRate: 3.56
- GrossIncome: 91000
- MlsStatus: Active
- CoListAgentEmail: marshall@mrsellshomes.com
- CoListAgentFullName: Marshall Rosario
- GrossScheduledIncome: 127200
- OperatingExpense: 37541
Services availability
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Estimated market value
$1,157,100