Skip To Content

2308 SW Osage St

Portland, OR 97205
  • $2,425,000
  • STATUS: Active
  • ON SITE: 88 days
  • MLS #: 21117115
UPDATED: 59 min ago
$2,425,000
  • 6
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 9,823
    SQFT
  • $247
    $/SQFT
Type:
Multi-Family
Built:
1904
County:

School Information

Elementary School:
Middle School:
High School:

Description

Incredible Kings Hill location with city and mountain views. The Drake Apartments is comprised of 12 units, and presents an investor with a unique opportunity to capitalize on the continued growth of the urban Portland apartment market. Units are spacious and feature period charm, various upgrades throughout, and select units with views. Parking is available on-site for select units. Irreplaceable Kings Hill location, which will continue to reap the benefits of the growing Portland market.

Monthly Payment Calculator



Listing content is copyright © 2021 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 2021-08-04T08:39:32.19.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/116880666
Print Image

2308 SW Osage St Portland, OR 97205

  • Price: $2,425,000
  • Status: Active
  • Updated: 59 min ago
  • MLS #: 21117115
6
Beds
5
Baths
0
½ Baths
N/A
Acres
9,823
SQFT
$247
$/SQFT
1904
Built
Neighborhood:
Portland Nw/ Sw/ S, Raleigh Hills
County:
Multnomah
Area:
Portland Nw/ Sw/ S, Raleigh Hills
Elementary School:
Ainsworth
Middle School:
West Sylvan
High School:
Lincoln
Property Description
Incredible Kings Hill location with city and mountain views. The Drake Apartments is comprised of 12 units, and presents an investor with a unique opportunity to capitalize on the continued growth of the urban Portland apartment market. Units are spacious and feature period charm, various upgrades throughout, and select units with views. Parking is available on-site for select units. Irreplaceable Kings Hill location, which will continue to reap the benefits of the growing Portland market.
Exterior Features

Exterior Description Wood Siding Lot Description Corner Lot Lot Size 7000 To 9999 Sqft Parking Features Assigned Roof Type Composition View CityMountain(S) View YN Yes Water Description Public

Interior Features

Basement Crawl SpaceExterior EntryPartially Finished Heating Description Gravity Hot Water Description Gas Unit Type1 Sq Ft 200 Unit Type2 Sq Ft 400 Unit Type3 Sq Ft 762 Unit Type4 Sq Ft 975 Unit Type5 Sq Ft 1225

Property Features

Bank Owned YN No Capitalization Rate 5.41 Common Amenities Laundry Country Us Fuel Description Gas Gross Income Actual 186866 Gross Income Projected 203089 Gross Rent Multiplier 12.98 Net Income Actual 131289 Net Income Projected 147512 Occupancy Types LeasedMonth To Month Operating Expenses Actual 55577 Operating Expenses Projected 55577 Property Condition Existing Rent Includes Trash CollectionSewerWaterMaintenance Grounds Sewer Description Public Sewer Short Sale YN No Storage DeckBasement Tax Amount 15984.75 Third Party Approval YN No Unit Type1 Rent 499 Unit Type1 Units Total 1 Unit Type2 Rent 1025 Unit Type2 Units Total 2 Unit Type3 Rent 1312 Unit Type3 Units Total 4 Unit Type4 Rent 1492 Unit Type4 Units Total 3 Unit Type5 Rent 1844 Unit Type5 Units Total 2 Zoning R1

Listing provided courtesy of Joseph Bernard Llc.


Listing content is copyright © 2021 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 2021-08-04T08:39:32.19.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.
 
https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21117115-2.jpg https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21117115-2.jpg https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21117115-2.jpg
Logo
Next Home Realty Connection
,