Skip main navigation
Off market
  • $4,790,300

    608 NE 87th Ave, Portland, OR 97220

    7beds
    6baths
    71,586sqft
    MultiFamily
    Built in 2003
    -- sqft lot
    $4,790,300 Zestimate®
    $67/sqft
    $-- HOA

    What's special

    Scruggs THs (52 units, built 1995) & Goodrick-Spencer Apts (23 units, built 2003) are separate tax lots being offered as 1 sale. Initially built by Multnomah for student housing, the property is now a market rate offering with NO student housing restrictions. The Owner purchased the property from MU which had a deed restriction regarding student housing, the deed restriction has since been removed. Both properties feature off-street parking, laundry rooms, vinyl windows & clean landscaping.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    Heating
    • Forced air, Electric
    Appliances
    • Laundry: Common Area
    Interior area
    • Total interior livable area: 71,586 sqft

    Property

    Features
    • Exterior features: Vinyl
    Lot
    • Features: 3 to 4.99 Acres
    Details
    • Parcel number: R319440
    • Zoning: IR

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Existing
    • Year built: 2003

    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: 4728

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • Heating: Forced Air
    • HeatingYN: true
    • Utilities: Electricity Connected
    • Roof: Composition
    • LeaseTerm: Month To Month
    • NumberOfUnitsTotal: 75
    • FarmLandAreaUnits: Square Feet
    • RentIncludes: Water, Sewer, Trash Collection
    • Zoning: IR
    • LaundryFeatures: Common Area
    • CapRate: 5.01
    • PropertyCondition: Existing
    • MlsStatus: Active
    • GrossIncome: 1200410
    • GrossScheduledIncome: 1349648
    • OperatingExpense: 473478
    • LotFeatures: 3 to 4.99 Acres
    • NetOperatingIncome: 726932
    • TotalActualRent: 4728
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $4,790,300