Homes for sale - 14937 SE STARK ST, Portland, OR 97233

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John & Michelle Leiby

reddoorpdx@gmail.com +1(503) 781-3943

Listed by RE/MAX Equity Group

$ 2,600,000

Est. payment | -/mo

14,080 SqFt

Save

$ 2,600,000

Est. payment | -/mo

Save

14,080 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,080 sqft

Price per Sqft $184

Subdivision Glenfair

MLS Listing ID 24056070

Year Built 2005

Annual Tax Amount $30,890

Tax Year 2024

Lot Size 0.730 Acres

Property Description

Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning RM3

Rooms

Basement Crawl Space, Partial Basement, Partially Finished

Interior

Heating Radiant, Zoned

Exterior

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Glenfair

Middle Schools H.B. Lee

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 781-3943

reddoorpdx@gmail.com

205 SE Spokane St, Portland, OR, 97202, USA

14937 SE STARK ST Portland, OR 97233