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Morrison 4 Plex 714 SE 16th Ave

4 Unit Apartment Building $1,052,000 ($263,000/Unit) 5% Cap Rate Portland, OR 97214

Apartment Buildings Oregon Portland 714 SE 16th Ave, Portland, OR 97214

Investment Highlights

  • Victorian 4 plex with large back yard in PRIME SE location and ONE HALF block to Buckman Park.

Executive Summary

Breaking news! MAJOR PRICE REDUCTION...$1,052,000. In addition, Seller has authorized the sale of this property without the contingency of a simultaneous sale of the other nearby properties within their portfolio.
Please do NOT disturb tenants. Physical tour of property ONLY after mutually accepted LOI. Please see Scan #132 - Oregon Real estate Agency Disclosure Pamphlet. Thank you.

Attachments

scan0132

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,052,000 Apartment Style Low Rise
Price Per Unit $263,000 Lot Size 0.11 AC
Sale Type Investment Building Size 4,444 SF
Cap Rate 5% Average Occupancy 100%
Sale Conditions 1031 Exchange No. Stories 2
No. Units 4 Year Built 1908
Property Type Multifamily Parking Ratio 0.23/1,000 SF
Property Subtype Apartment
Price $1,052,000
Price Per Unit $263,000
Sale Type Investment
Cap Rate 5%
Sale Conditions 1031 Exchange
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Lot Size 0.11 AC
Building Size 4,444 SF
Average Occupancy 100%
No. Stories 2
Year Built 1908
Parking Ratio 0.23/1,000 SF

Unit Amenities

  • Cable Ready
  • Storage Space
  • Crown Molding
  • Granite Countertops
  • Hardwood Floors
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Basement
  • Built-In Bookshelves
  • Deck
  • Dining Room
  • Pantry

Site Amenities

  • Fenced Lot
  • Vintage Building

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 $1,723 -
1 of 1
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Biker's Paradise (95)
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 R114334 Total Assessment $393,810
Land Assessment $0 Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $0 Tax Year 2023

PROPERTY TAXES

Parcel Number
R114334
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$393,810
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code R 2.5 (R 2.5 - Residential)
R 2.5 (R 2.5 - Residential)
(541) 686-1415

  • Listing ID: 30133478

  • Date on Market: 11/20/2023

  • Last Updated:

  • Address: 714 SE 16th Ave, Portland, OR 97214

More public record information on 714 SE 16th Ave, Portland, OR 97214

The SE Close-In Multifamily Property at 714 SE 16th Ave, Portland, OR 97214 is currently available. Contact Ruggles Commercial Realty for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 12
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714 SE 16th Ave, Portland, OR for sale Building Photo- Image 1 of 12
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714 SE 16th Ave, Portland, OR for sale Building Photo- Image 2 of 12
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714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 3 of 12
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714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 4 of 12
selker16thLR072024
714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 5 of 12
selker16th2bathroom072024
714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 6 of 12
selker16thbathroom072024
714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 7 of 12
selker16th6interior05c2f2b86561b93f0ec256733f5f1ff3-uncropped_scaled_within_1536_1152
714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 8 of 12
selker16th5kitchendf921389c4a02d215a8044215280db32-uncropped_scaled_within_1536_1152
714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 9 of 12
selker16thkitchenaee6b52b79eaab095759073fe56e6d54-uncropped_scaled_within_1536_1152
714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 10 of 12
selker16th4interiorb7bf994bfdaf560a3f90af301131e45b-uncropped_scaled_within_1536_1152 (1)
714 SE 16th Ave, Portland, OR for sale Interior Photo- Image 11 of 12
selkerinterior16th20200806_1948-01

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Morrison 4 Plex | 714 SE 16th Ave
(541) 686-1415 x

Morrison 4 Plex | 714 SE 16th Ave

Allen Ruggles

(541) 686-1415

(541) 686-1415

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