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Off market
    • $706,500

    5651 SE 123rd Ave, Portland, OR 97236

    4beds
    2baths
    2,200sqft
    MultiFamily
    Built in 1953
    -- sqft lot
    $706,500 Zestimate®
    $321/sqft
    $-- HOA

    What's special

    Fantastic opportunity to own a cash flowing 4-plex in SE Portland that has been completely remodeled from the ground up. Complete fire restoration from the ground up includes new plumbing, electrical, drywall, laminate flooring, roof, siding, driveway, appliances, windows, garden beds, etc. You're essentially owning a brand new 4plex! Framed to have the potential to build a second story to add more BR's and BA's to increase cashflow further. Buyer to do due diligence.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Electric
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Range / Oven, Refrigerator
    Features
    • Windows: Window Coverings
    • Basement: Crawl Space
    Interior area
    • Total interior livable area: 2,200 sqft

    Property

    Accessibility
    • Accessibility features: Handicap Access
    Features
    • Exterior features: Cement / Concrete
    Details
    • Zoning: R1

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Updated/Remodeled
    • Year built: 1953

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & neighborhood

    Security
    • Security features: Fire Sprinkler System
    Location
    • Region: Portland

    HOA & financial

    Other financial information
    • Total actual rent: 2350

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • FoundationDetails: Concrete Perimeter
    • RoadSurfaceType: Paved, Gravel
    • Zoning: R1
    • Appliances: Dishwasher, Refrigerator, Electric Water Heater, Range
    • Roof: Shingle
    • HeatingYN: true
    • Utilities: Electricity Connected
    • Heating: Zoned
    • NumberOfUnitsTotal: 4
    • LeaseTerm: Month To Month
    • Basement: Crawl Space
    • ConstructionMaterials: Cement Siding
    • FarmLandAreaUnits: Square Feet
    • WindowFeatures: Window Coverings
    • PropertyCondition: Updated/Remodeled
    • AccessibilityFeatures: Handicap Access
    • SecurityFeatures: Fire Sprinkler System
    • ParkingFeatures: Paved
    • RentIncludes: Trash Collection
    • TotalActualRent: 2350
    • GrossScheduledIncome: 60000
    • CapRate: 4.17
    • MlsStatus: Pending
    • GrossIncome: 50296
    • NetOperatingIncome: 30207
    • OperatingExpense: 20089
    • TaxAnnualAmount: 5205.64
    • Road surface type: Paved, Gravel
    Services availability
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    Estimated market value

    $706,500

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