14937 Se STARK St, Portland, OR 97233
- 14,080 sqft
Multi-Family Home 
Built in 2005 
0.73acre lot
—— car garage 
$185/sqft 
Listed 11 months ago
Property Description
Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
- Listing Status:
- Active
- Date Added:
- June 12, 2024 at 05:00AM
- Listing Office:
- RE/MAX Equity Group : 503-653-0607
- Listing Agent:
- Wayne Sanman : 503-702-9595
- MLS ID:
- 24056070
- Basement: Crawl spacePartial basementPartially finished
- Heating: RadiantZoned
This listing courtesy of Wayne Sanman, RE/MAX Equity Group
Location
Schools Nearby
Glenfair Elementary School
15300 NE Glisan St, Portland, OR, 97230
Grades KG-5
0.48 miles away
Hauton B. Lee Middle School
1121 NE 172nd Ave, Portland, OR, 97230
Grades 6-8
1.35 miles away
Reynolds Learning Academy
20234 NE Halsey St, Fairview, OR, 97024
Grades 7-12
2.77 miles away
