12140 SE BUSH ST, Portland, OR 97266
- $989,900
- List Price
- $989,900
- Days on Market
- 48
- MLS#
- 202498781
- Property Type
- Multifamily
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
Discover an income-producing 5-unit property located in an established Portland neighborhood. Each thoughtfully designed unit features a highly functional layout with 2 to 3 bedrooms and 1.5 bathrooms, ideal for attracting and retaining long-term tenants. Interiors include laminate flooring on the main level, carpeted upper floors, convenient powder rooms, and well-appointed kitchens with modern appliances. Bedrooms are located upstairs and share a Jack-and-Jill bathroom, while charming front entries and private back patios enhance appeal. This property is built for ease of management, offering six electrical meters, a covered trash and recycling area, and simple, low-maintenance landscaping. A compelling value-add opportunity, current rents are estimated to be approximately 18% below market rates, providing immediate upside potential and increased cash flow. Investors may also consider an owner-occupant strategy by living in one unit while leasing the others to offset mortgage expenses. This property benefits from strong rental demand and convenient access to local amenities, transportation, and major corridors.
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Additional Information
- Tax Amount
- $8,530
- Year Built
- 2016
- High School
- David Douglas
- Elementary School
- W Powellhurst
- Middle School
- Ron Russell
- Stories
- 2
- Terms
- Cash, Conventional, FHA
- Fuel Description
- Electricity
- Heating Description
- Wall Furnace
- Hoa Rent Includes
- Water
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Security Or Entry
- Security Lights, Sidewalk
- Road Surface
- Paved
- Number Of Units Total
- 5
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 1800
- Unit Type One Sq Ft
- 1034
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1649
- Unit Type Three Sq Ft
- 980
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 2
- Unit Type Four Beds Total
- 3
- Unit Type Four Rent
- 1450
- Unit Type Four Sq Ft
- 980
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1695
- Unit Type Five Sq Ft
- 1034
- Unit Type Five Units Total
- 1
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Listing courtesy of Pellego, LLC.
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