5235 SE LAMBERT ST, Portland, OR 97206

$2,600,000
List Price
$2,600,000
Days on Market
138
MLS#
19017350
Property Type
Multifamily
Lot Size
20, 000 SqFt to .99 Acres
Region
Portland Southeast
Status
Active

Property Description

Great multifamily investment opportunity near the hot Woodstock Strip in SE Portland. Property features a desirable mix of renovated 8 two-bed one bath and 8 one-bed one bath units. the copper plumbed building has had extensive capital improvements including a new roof, newly sealed/stripped parking lot, vinyl windows, and the building was recently painted. Current 5.94% Cap Rate. 12.07 GRM.

Additional Information

Tax Amount
$18,133
Year Built
1966
High School
Cleveland
Elementary School
Lewis
Middle School
Sellwood
Garage Spaces
26
Stories
2
Subdivision
Brentwood - Darlington
Terms
Assumable, Call Listing Agent, Cash, Conventional
Cooling Description
None
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity, Tank
Exterior Description
Block
Roof Type
Flat
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
12700
Capitalization Rate
5.54
Operating Expenses Actual
66716
Gross Income Actual
210704
Gross Rent Multiplier
12.34
Net Income Actual
143988
Occupancy Types
Leased, Month To Month
Covenants/Restrictions
No
Number Of Units Total
16
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
955
Unit Type One Sq Ft
650
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1014
Unit Type Two Sq Ft
750
Unit Type Two Units Total
7
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1259
Unit Type Three Sq Ft
850
Unit Type Three Units Total
6
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1120
Unit Type Four Sq Ft
850
Unit Type Four Units Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Roffman Real Estate Investments, LLC.

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