Bought with Oregon First
$3,388,000
$3,750,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
27,842 SqFt
SOLD DATE : 04/06/2026
Key Details
Sold Price $3,388,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 27,842 sqft
Price per Sqft $121
MLS Listing ID 229614287
Sold Date 04/06/26
HOA Y/N No
Year Built 1972
Annual Tax Amount $40,337
Tax Year 2024
Lot Size 1.490 Acres
Property Description
The Camelia Townhouse Apartments, built in 1972, has 29 units located in 6 buildings spread over 1.5 Acres. This fully rented complex features Townhomes that have been updated over the years with new kitchen cabinets, flooring and newer vinyl windows in most of the apartments. Each of the 6 buildings have new roofs, installed in 2019, and every apartment has its own Washer & Dryer and is on a separate electrical meter. Camelia Townhomes have 25- 2 Bedroom 1.5 Bath, 930 sq ft apartments and 4- 3 Bedroom 1.5 Bath 1148 sq ft apartments, AND every Townhome comes with a dedicated parking space with 20 overflow spaces. On a Bus Line and close to multiple Parks, local services, shopping and restaurants, this 29 unit complex is priced under $130K per door.Below market rents offer top line growth opportunity.
Location
State OR
County Multnomah
Area _143
Zoning R2a
Rooms
Basement Crawl Space
Interior
Heating Baseboard, Wall Heater
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level, On Busline
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Lincoln Park
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
