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2717 SW 2nd Ave

4 Unit Apartment Building $1,299,000 ($324,750/Unit) 5.64% Cap Rate Portland, OR 97201

Apartment Buildings Oregon Portland 2717 SW 2nd Ave, Portland, OR 97201

Investment Highlights

  • Washer/Dryer in each unit, High growth/expansion potential, Updated units

Executive Summary

Updated 4 plex investment property with potential for room to grow. Zoned CM2. More units possible to be built in the backyard area. Also, 40 x 20ft attic space with 12ft high vaulted ceilings all perfect for future growth. Consistently 100% occupied. All units come equipped with a Washer/Dryer, built-in microwave, range and refrigerator, hardwood floors throughout, large windows, updated kitchens and baths, full basement with tons of storage space and a great backyard. Only 1.5 blocks from Lair Hill Park. 85 walk/bike/transit score.

Property Facts

Price $1,299,000 Apartment Style Low Rise
Price Per Unit $324,750 Building Class C
Sale Type Investment Lot Size 0.10 AC
Cap Rate 5.64% Building Size 4,406 SF
Gross Rent Multiplier 14.24 Average Occupancy 100%
No. Units 4 No. Stories 3
Property Type Multifamily Year Built 1900
Property Subtype
Apartment
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $1,299,000
Price Per Unit $324,750
Sale Type Investment
Cap Rate 5.64%
Gross Rent Multiplier 14.24
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.10 AC
Building Size 4,406 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Yard
  • Dining Room

Site Amenities

  • Courtyard
  • Fenced Lot
  • Recycling
  • Bicycle Storage
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+4 6 $1,900 800

Links

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Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R236807 Improvements Assessment $0
Land Assessment $0 Total Assessment $380,490

PROPERTY TAXES

Parcel Number
R236807
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$380,490

zoning

Zoning Code CM2
CM2
(503) 624-2900

Contact

  • Listing ID: 33192992

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 2717 SW 2nd Ave, Portland, OR 97201

More public record information on 2717 SW 2nd Ave, Portland, OR 97201

The Barbur Blvd/Capitol Hwy Multifamily Property at 2717 SW 2nd Ave, Portland, OR 97201 is currently available. Contact John L. Scott Real Estate for more information.

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2717 SW 2nd Ave, Portland, OR for sale Building Photo- Image 1 of 14
2721 SW 2nd Ave Portland OR_02
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2717 SW 2nd Ave, Portland, OR for sale Building Photo- Image 10 of 14
2721 SW 2nd Ave Portland OR_05
2717 SW 2nd Ave, Portland, OR for sale Building Photo- Image 11 of 14
2721 SW 2nd Ave Portland OR_08
2717 SW 2nd Ave, Portland, OR for sale Building Photo- Image 12 of 14
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2717 SW 2nd Ave
(503) 624-2900 x

2717 SW 2nd Ave

Kirt Dye

(503) 624-2900

(503) 624-2900

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