2508 SE BELMONT ST Portland, OR97214

$1,150,000
4 total units
8 total bedrooms
4 total bathrooms
$65,000 annual income
Capitilization Rate: 3.96
4945 total sq. ft
3,000 to 4,999 SqFt
Elementary School: Sunnyside Env
Middle School: Sunnyside Env
High School: Franklin
Zoning: CM2
1526 days on market
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Price per unit$287.5K/unit
Price per ft²$232.56/ft²
Price per acre$16.31M/ac
Price per bedroom$143.8K/bed
Time on market1526 days

Property Description

Rare opportunity to own a piece of Portland history. Built in 1910, by Chas. E. Tilton, this cherished 4-plex, located on trendy Belmont features the original intact, walk-up, owner's unit w/boxed beams, pocket doors + builtins. The millwork is gobsmacking! Enjoy mornings in your spacious sunroom, sunsets, city views from your balcony. 3 additional units in great shape, renovated, fully rented w/tenant waiting lists. Storage, 2 units w/separate washer/dryer hookups, 2 units share washer/dryer.

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Financial Data

Date Sold2020-04-22
Sold Price$1,150,000
Original Price$1,250,000
Current Price$1,150,000
Property Taxes$10,783

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Home Facts

StatusSold
Year Built1910
Stories3
Green/Energy SupplementYes
Exterior Features
MLS ID19080906

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4