14937 SE Stark St - Apartments FOR SALE


Portland, OR 97233- Glenfair
$2,600,000 USD
503-702-9595
14937 SE Stark St, Portland, OR for Sale
$2,600,000 USD
Apartments - FOR SALE
1/13
null | 4.72% Cap Rate

14937 SE Stark St
Portland, OR 97233
Glenfair


HIGHLIGHTS

  • 4 buildings containing 16 units on a nearly 3/4 acre lot
  • Building #1: Townhouse-style 6-plex with 2 BR, 1 1/2 bath, 933 sq. ft. units, with W&Ds, and 9' ceilings on main level, built in 2005
  • Building #2: Townhouse-style 4-plex with 2 BR, 1 1/2 bath, 933 sq. ft. units, with W&Ds, and 9' ceilings on main level, built in 2001
  • Building #3: Duplex with 2 BR, 1 bath, 900 sq. ft. units, with washer and dryers, built in 2001
  • Building #4: 4-plex with three 2 BR, 1 bath & one 1 BR, 1 bath unit, with a shared laundry area.
  • 26 parking spaces

OVERVIEW

Seize this exceptional investment opportunity in East Portland! This multi-family property, set on a nearly 3/4 acre lot, features 16 well-maintained units across four buildings. The property includes a townhouse-style 6-plex and 4-plex, both with 933 sq. ft. units with washers and dryers, and 9' ceilings, built in 2005 and 2001 respectively. There's also a duplex with 900 sq. ft. units with washers and dryers, and a 4-plex with a shared laundry area. With 26 parking spaces, modern amenities, and spacious layouts, this property is a lucrative addition to any portfolio, offering a strong NOI of $134,615. Located near major employers such as the Oregon Department of Human Services, Kaiser Permanente, and The Oregon Clinic, and close to Adventist Health Portland and Vibra Specialty Hospital, this property is in a high-demand rental market with proven stability and growth potential. Don't miss out on this outstanding investment opportunity.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

4.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

RM3

APN/PARCEL ID

R109805

ASK ABOUT THIS PROPERTY

Wayne SanmanRe/Max Equity GroupMore Info
503-702-9595

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Wayne SanmanRe/Max Equity GroupMore Info
503-702-9595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.