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121 SE 30TH Pl

Portland, OR 97214
  • $1,250,000
  • STATUS: Pending
  • ON SITE: 74 Days
  • MLS #: 22322109
Pending
UPDATED: 56 min ago
$1,250,000
  • 8
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,240
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Information

Elementary School:
Middle School:
High School:

Description

Well-maintained mid-century 4-plex in coveted inner SE features long-term tenants with good variety of unit types (inc. a 3-2), plus garage and laundry income to create really strong NOI compared to other 4-unit buildings. Close to Laurelhurst Park, Whole Foods, and shops and restaurants along 28th. Walkable to everything including downtown. Solid 1960s construction with many updates and low maintenance. Some rents slightly behind market. All garages rented at or above market rates.

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Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-07-05T05:39:21.51.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
www.nexthomepdx.com/homes/127929958
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121 SE 30TH Pl Portland, OR 97214

  • Price: $1,250,000
  • Status: Pending
  • On Site: 74 Days
  • Updated: 56 min ago
  • MLS #: 22322109
8
Beds
5
Baths
0
½ Baths
N/A
Acres
3,240
SQFT
$386
$/SQFT
1965
Built
Neighborhood:
Buckman/Sunnyside
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Sunnyside Envir
Middle School:
Sunnyside Envir
High School:
Franklin
Property Description
Well-maintained mid-century 4-plex in coveted inner SE features long-term tenants with good variety of unit types (inc. a 3-2), plus garage and laundry income to create really strong NOI compared to other 4-unit buildings. Close to Laurelhurst Park, Whole Foods, and shops and restaurants along 28th. Walkable to everything including downtown. Solid 1960s construction with many updates and low maintenance. Some rents slightly behind market. All garages rented at or above market rates.
Exterior Features

Lot Description Level Lot Size 5000 To 6999 Sqft Parking Features LeasedGarage Roof Type Composition View YN No Water Description Public Water

Interior Features

Basement None Cooling Description None Foundation Details Slab Heating Description Baseboard Hot Water Description Electricity Unit Features DishwasherRangeRefrigerator Unit Type1 Features DishwasherRangeRefrigerator Unit Type1 Sq Ft 550 Unit Type2 Features DishwasherRangeRefrigerator Unit Type2 Sq Ft 715 Unit Type3 Features DishwasherRangeRefrigerator Unit Type3 Sq Ft 715 Unit Type4 Features DishwasherRangeRefrigerator Unit Type4 Sq Ft 985

Property Features

Bank Owned YN No Capitalization Rate 4.75 Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 85931 Gross Income Projected 88710 Gross Rent Multiplier 14.55 Net Income Actual 59387 Net Income Projected 61370 Occupancy Types Leased Operating Expenses Actual 26544 Operating Expenses Projected 27340 Property Condition Existing Rent Includes Trash CollectionSewerWater Security Features None Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 9997.66 Third Party Approval YN No Unit Type1 Rent 1420 Unit Type1 Units Total 1 Unit Type2 Rent 1650 Unit Type2 Units Total 1 Unit Type3 Rent 1550 Unit Type3 Units Total 1 Unit Type4 Rent 2100 Unit Type4 Units Total 1 Zoning R2.5

Listing provided courtesy of Element Realty Llc.


Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-07-05T05:39:21.51.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
 
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