7603 N GRAVENSTEIN AVE, Portland, OR 97217

$1,600,000
List Price
$1,600,000
Days on Market
81
MLS#
21167517
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland North
Status
Active

Property Description

Excellent investment opportunity. Property has had recent upgrades and is very well maintained. Owner recently installed Solar panels, to facilitate energy efficiency. One block from public transit, shopping, and services. This property fills a growing need in our city for affordable housing, while at the same time providing the owner an excellent income opportunity. Outstanding location in up and coming area. Don't miss this investment!

Additional Information

Tax Amount
$9,680
Year Built
1997
Middle School
Other
Stories
2
Energy Efficiency Features
Passive Solar, Zoned, Double Pane Windows
Terms
Cash, Conventional, Owner Will Carry
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity
Exterior Description
Vinyl Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
4492
Capitalization Rate
1.98
Operating Expenses Actual
38819
Gross Income Actual
70568
Gross Rent Multiplier
22.67
Net Income Actual
31748
Occupancy Types
Month To Month
Road Surface
Paved
Number Of Units Total
3
Unit Type One Baths Total
2
Unit Type One Beds Total
5
Unit Type One Rent
3375
Unit Type One Sq Ft
1497
Unit Type One Units Total
1
Unit Type Two Baths Total
2
Unit Type Two Beds Total
5
Unit Type Two Rent
3450
Unit Type Two Sq Ft
1497
Unit Type Two Units Total
1
Unit Type Three Baths Total
2
Unit Type Three Beds Total
6
Unit Type Three Rent
4000
Unit Type Three Sq Ft
1497
Unit Type Three Units Total
1

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 Residential Realty Northwest.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2021 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.