7450 N Portsmouth Ave - Apartments FOR SALE


Portland, OR 97203- University Park
$895,000 USD
503-810-2219
7450 N Portsmouth Ave, Portland, OR for Sale
$895,000 USD
Apartments - FOR SALE
1/24
null | 5.53% Cap Rate

7450 N Portsmouth Ave
Portland, OR 97203
University Park


HIGHLIGHTS

  • Courtyard style units
  • Offstreet, Assigned Parking
  • Recently Remodeled

OVERVIEW

Charming single-level 4-PLEX located in the highly sought-after University Park neighborhood. This well-maintained property consists of two duplexes, connected by a beautifully landscaped courtyard with native bushes and stone pathways that provide access to each unit. The spacious 100' x 105' lot is fully fenced providing added security and privacy. Each spacious 2-bedroom unit comes with an in-unit washer/dryer, a private fenced patio, and assigned off-street parking. The building boasts newer roofs, updated windows, fresh flooring, and modern appliances in most units. All units are currently rented at approximately $1,550/month. The vibrant neighborhood offers easy access to dining options, New Seasons Market, Portsmouth Park, McKenna Park, and the University of Portland. Don’t miss out on this fantastic investment with strong rental income and future growth potential!

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7450 N Portsmouth Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,500 SF

ZONING

R2.5

APN/PARCEL ID

R291756

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.