Excellent investment opportunity in SE Portland garden-style complex. Up-and-coming area with many amenities nearby. 8 units (all 2bd 1 bth) plus detached, oversized garage formally rented separately. North building recently rebuilt - 4 units completely renovated, new kitchens with quartz countertops, stainless appliances and hardwood cabinetry, new bathrooms + hardwood floors. New roof, new electrical and new plumbing. Renovation fully permitted. Onsite laundry room and private storage cages for all units and private back patios. Paved parking in front for up to 10 vehicles plus gravel area in rear accessible from adjacent street. Large .55 acre lot offers potential to develop more units (buyer to verify). Note: actual income is low due to vacancy during construction, projected rent based on current income and market rate for the one vacant unit and vacant garage. A compelling blend of stability with upside.
Sold
$1,350,000
6836 SE 72nd Ave, Portland, OR 97206
12beds
7,176sqft
Multi Family
Built in 1965
-- sqft lot
$1,349,200 Zestimate®
$188/sqft
$1,646 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: March 04, 2024 at 12:29pm
Listed by:
Matthew Tackett 503-385-5585,
Premiere Property Group, LLC
Bought with:
Susan Estes, 200204209
RE/MAX Equity Group
Source: RMLS (OR),MLS#: 23512443

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Appliances
- Included: Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Storage
- Flooring: Hardwood
- Basement: Crawl Space
Interior area
- Total structure area: 7,176
- Total interior livable area: 7,176 sqft
Property
Parking
- Total spaces: 10
- Parking features: Detached, Paved
Lot
- Features: On Busline, SqFt 20000 to Acres1
Details
- Parcel number: R168006
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Restored
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Laundry
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 11098
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
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Estimated market value
$1,349,200