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Listed by Township Properties Real Estate LLC
$ 845,000
Est. payment /mo
Pending
3324 SE 11TH AVE Portland, OR 97202
3,368 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,368 sqft
Price per Sqft $250
Subdivision Brooklyn
MLS Listing ID 104622918
HOA Y/N No
Year Built 1910
Annual Tax Amount $11,733
Tax Year 2025
Lot Size 3,920 Sqft
Property Description
This well located fourplex was completely renovated in 2013, including new roof, windows, siding & sprinkler system. The property consists of two 1-bedrooms & two 2-bedrooms, along with one off-street parking space.All units feature a dishwasher, garbage disposal, stacked washer / dryer, range, and refrigerator. Garage has been converted to a secured storage area, with individual storage for each unit. Each unit has sprinklers installed, and is monitored by the Fire Department.The property has easy access to the bus lines on SE Powell or SE Milwaukie & the MAX line, both within a quarter mile. Quick commute into downtown. Close to restaurants and shopping. At a 5.68% cap rate & 10.76 GRM, this property provides steady cash flow from day one. This turnkey investment will provide consistent returns & long-term value growth.
Location
State OR
County Multnomah
Community Alllandscaping
Area _143
Zoning CM2
Rooms
Basement Unfinished
Interior
Heating Wall Heater, Zoned
Cooling None
Exterior
Community Features AllLandscaping
Roof Type Composition,Shingle
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
