3411 SE 85TH AVE Portland, OR97266
$511,875
4 total units
9 total bedrooms
9 total bathrooms
$54,515 annual income
Capitilization Rate: 4.50
4348 total sq. ft
7,000 to 9,999 SqFt
Middle School: Harrison Park
High School: Madison
Zoning: CM1
1397 days on market
VestorFilter™
Price per unit$128K/unit
Price per ft²$117.73/ft²
Recent price drop$277,125
Price per acre$3.11M/ac
Price per bedroom$56.9K/bed
Time on market1397 days
Property Description
Great opportunity for an investor or owner/occupant to purchase a 4-Plex building in SE Portland. One 3br unit and three 2 br unit options available with each unit featuring its own detached one car garage. Located close to restaurants, grocery stores, public transportation and easy access to the highway makes this property highly desirable and easy to lease! Current rents are below market rents. Fully leased with one vacancy coming up at the end of August.
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Financial Data
Date Sold2020-10-02
Sold Price$511,875
Price ChangeDropped $277,125 on 10/02/2020
Total $277,125 drop
Total $277,125 drop
Original Price$789,000
Current Price$511,875
Property Taxes$11,072
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Home Facts
StatusSold
Year Built1996
Green/Energy SupplementNo
Exterior Features
MLS ID20414811
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
