6.1% Actual Cap Rate on 14 Unit in SE Portland with upside rent potential! The complex is located on a dead-end street with no through traffic, creating an ideal atmosphere for young families and high-quality tenants. Comprised of 14 two-bedroom, one bath units varying in size from 543-750 sq. ft. Recent repairs include complete foundation update, electrical upgrading, and units have been renovated on turn over.
Off market
$1,201,900
7319 SE Evergreen St, Portland, OR 97206
6beds
5,739sqft
MultiFamily
Built in 1942
-- sqft lot
$1,201,900 Zestimate®
$209/sqft
$2,341 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Included: Refrigerator
Features
- Refrigerator, Range
Interior area
- Total interior livable area: 5,739 sqft
Property
Features
- Exterior features: Wood
Lot
- Features: Private
Details
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1942
- Major remodel year: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Zoning: R2
- HeatingYN: true
- Heating: Zoned
- NumberOfUnitsTotal: 14
- CurrentFinancing: Conventional, Cash
- Roof: Composition
- StoriesTotal: 1
- NumberOfUnitsInCommunity: 14
- LotFeatures: Private
- YearBuiltEffective: 1942
- AssociationAmenities: Laundry
- ParkingFeatures: Paved
- InteriorFeatures: Refrigerator, Range
- CommunityFeatures: Laundry
- CapRate: 6.00
- MlsStatus: Pending
- GrossIncome: 184889
- GrossScheduledIncome: 199105
- OperatingExpense: 61857
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Estimated market value
$1,201,900