Offers in hand...donâEUR(tm)t.Solid investment opportunity w added value.Oversized .70 acre lot, zoned RMI. 8 units, 100% occupied, remodeled. Newer vinyl windows + sliders, bamboo floors, kitchen + bath fixtures, granite counters. Situated back + away from the road but easily accessible transit. Tenant + guest parking, shared laundry room w/extra income. Add additional value to this 8 plex now or in the future. Zoning allows for additional units to be built on the lot to maximize the assets potentia
Off market
$1,339,300
738 SE 148th Ave, Portland, OR 97233
16beds
7baths
7,128sqft
MultiFamily
Built in 1979
-- sqft lot
$1,339,300 Zestimate®
$188/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 7
Heating
- Baseboard, Electric
Appliances
- Included: Dishwasher, Range / Oven, Refrigerator
- Laundry: Common Area
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 7,128 sqft
Property
Lot
- Features: Level, Commons
Details
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1979
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: 7897
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- Zoning: R3
- RoadSurfaceType: Paved
- Appliances: Dishwasher, Refrigerator, Electric Water Heater, Range
- HeatingYN: true
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 8
- Roof: Composition
- LotFeatures: Level, Commons
- LeaseTerm: Month To Month
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- ConstructionMaterials: Cedar, T-111 Siding
- OpenParkingYN: true
- ParkingFeatures: Guest, Open
- PropertyCondition: Updated/Remodeled
- LaundryFeatures: Common Area
- CapRate: 6.42
- CoListAgentEmail: John@DCGPDX.com
- CoListAgentFullName: John McClain
- MlsStatus: Pending
- GrossIncome: 118896
- OperatingExpense: 30588
- TotalActualRent: 7897
- TaxAnnualAmount: 11180.26
- NetOperatingIncome: 80308
- Road surface type: Paved
Services availability
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Estimated market value
$1,339,300