68 NE STANTON ST, Portland, OR 97212

$2,300,000
List Price
$2,300,000
Days on Market
30
MLS#
20470769
Property Type
Multifamily
Lot Size
10 to 19.99 Acres
Region
Portland Northeast
Status
Active

Property Description

Rare opportunity to own a magnificent multifamily building. 10 one bedroom units and 1 two bedroom unit in this historic property. 1 bedroom units have pocket doors or french doors. All have lots of windows and generous closets. Two bedroom has contemporary finish and floor to ceiling tile in the bathroom. Commanding entry with classic tile floor, stunning second floor balcony, majestic Corinthian columns. No sign. Tenants don't know property is for sale. Includes parking lot, a separate lot

Additional Information

Tax Amount
$8,087
Year Built
1911
High School
Grant
Elementary School
Boise-Eliot
Middle School
Harriet Tubman
Stories
3
Subdivision
Williams Corridor
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Wall Furnace
Hot Water Description
Electricity
Exterior Description
Lap Siding, Wood Siding
Roof Type
Flat
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
8814
Capitalization Rate
5.27
Operating Expenses Actual
40835
Gross Income Actual
162000
Gross Rent Multiplier
14.20
Net Income Actual
121165
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
11
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
825
Unit Type One Sq Ft
650
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1050
Unit Type Two Sq Ft
650
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
1150
Unit Type Three Sq Ft
650
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
1175
Unit Type Four Sq Ft
650
Unit Type Four Units Total
1
Unit Type Five Baths Total
1
Unit Type Five Beds Total
1
Unit Type Five Rent
1250
Unit Type Five Sq Ft
650
Unit Type Five Units Total
1

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of High Five Properties.

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