5651 SE 123RD AVE Portland, OR97236
$685,000
4 total units
4 total bedrooms
2 total bathrooms
$50,296 annual income
Capitilization Rate: 4.17
2200 total sq. ft
7,000 to 9,999 SqFt
Elementary School: Gilbert Park
Middle School: Alice Ott
High School: David Douglas
Zoning: R1
1372 days on market
VestorFilter™
Price per unit$171.3K/unit
Price per ft²$311.36/ft²
Recent price drop$40,000
Price per acre$4.16M/ac
Price per bedroom$171.3K/bed
Time on market1372 days
Property Description
Fantastic opportunity to own a cash flowing 4-plex in SE Portland that has been completely remodeled from the ground up. Complete fire restoration from the ground up includes new plumbing, electrical, drywall, laminate flooring, roof, siding, driveway, appliances, windows, garden beds, etc. You're essentially owning a brand new 4plex! Framed to have the potential to build a second story to add more BR's and BA's to increase cashflow further. Buyer to do due diligence.
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Financial Data
Date Sold2020-12-18
Sold Price$685,000
Price ChangeDropped $40,000 on 12/22/2020
Total $90,000 drop
Total $90,000 drop
Original Price$775,000
Current Price$685,000
Property Taxes$5,206
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Home Facts
StatusSold
Year Built1953
Green/Energy SupplementNo
Exterior Features
MLS ID20018257
Unit Details
Unit 1
Unit 2
