319 NE 62ND AVE, Portland, OR 97213

$1,490,000
List Price
$1,490,000
Days on Market
7
MLS#
20406980
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Located in picturesque Mt. Tabor neighborhood this 6-plex offers a unique opportunity to invest in one of Portland's most active submarkets. The property consists of 5 spacious 2 bed/1 bath units, 1 large 3 bed/2 bath unit, covered parking, storage closets for each unit, bike storage & laundry facility. 4 units have balconies & 3 bed unit has a private backyard. Minutes to Mt Tabor Park, shopping, restaurants, public transportation.

Additional Information

Tax Amount
$14,208
Year Built
1970
High School
Franklin
Elementary School
Glencoe
Middle School
Mt Tabor
Stories
3
Terms
Call Listing Agent
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
5276
Capitalization Rate
4.6
Operating Expenses Actual
28874
Gross Income Actual
100400
Gross Rent Multiplier
14.84
Net Income Actual
68538
Occupancy Types
Leased
Number Of Units Total
6
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1334
Unit Type One Sq Ft
800
Unit Type One Units Total
5
Unit Type Two Baths Total
2
Unit Type Two Beds Total
3
Unit Type Two Rent
1630
Unit Type Two Sq Ft
1300
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Premiere Property Group, LLC.

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