3512 NE Grand Ave - Apartments FOR SALE


Portland, OR 97212- King
$625,000 USD
503-810-2219
3512 NE Grand Ave, Portland, OR for Sale
$625,000 USD
Apartments - FOR SALE
1/9
null | 5.33% Cap Rate

3512 NE Grand Ave
Portland, OR 97212
King


HIGHLIGHTS

  • Great Neighborhood
  • Close to Irving Park
  • Off Street Parking

OVERVIEW

Turn-key duplex located in popular lower NE Portland near Irving Park, Williams District, Sabin school and Alberta Arts districts! With a 94 Walk Score and a 99 Bike Score, this home is situated with so many restaurants, shops & parks just blocks from your doorstep. Duplex is fully occupied and in very good condition. All plumbing was replaced with PEX supply lines in 2022. 35-year Roof was installed in 2023. Cadet wall heaters were replaced in 2024 with new units that include digital thermostats. New washer & dryer in Unit A (2023) and Unit B (2024). Landlord bills back water usage by reading sub-meters installed for each unit. Landlord pays for garbage collection. Lots of off-street parking with a minimum of (1) assigned space for each tenant and room for several other vehicles including an RV. Great opportunity for owner-occupants or investors alike!

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

2

PRICE/UNIT

$312,500

CAP RATE

5.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3512 NE Grand Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2.5

APN/PARCEL ID

R240247

ASK ABOUT THIS PROPERTY

Brian PorterJMA PropertiesMore Info
503-810-2219

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Brian PorterJMA PropertiesMore Info
503-810-2219

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