2955 NE M L KING BLVD, Portland, OR 97212

$3,390,000
9,742
SqFt
List Price
$3,390,000
Price Change
▼ $270,000 1692920249
Days on Market
74
MLS#
23339270
Property Type
Multifamily
Sqft. of Residence
9,742
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland North
Status
ACTIVE

Property Description

Introducing The Martin Apartments: A Modern Investment Opportunity in the Heart of North Eliot. Discover contemporary living at The Martin Apartments, an exceptional 14-unit complex designed for the discerning investor. Boasting an array of desirable amenities, these apartments offer a sought-after combination of comfort and convenience. Each unit is equipped with in-unit washer and dryers, balconies to enjoy the surrounding views, elegant hardwood floors, efficient dishwashers, and sleek stainless steel appliances.Situated in the vibrant North Eliot neighborhood, this property enjoys proximity to an abundance of local attractions. Within walking distance, residents will find a plethora of shops, eateries, pubs, breweries, big box retail stores, and grocery options. Additionally, the renowned Emanuel Hospital, a significant employer in the Portland area, is just blocks away.Commuting is a breeze, thanks to the property's strategic location along the I-5 corridor, with easy access to I-405, I-84, and Hwy 26. This ensures a swift commute for tenants, offering convenience and saving valuable time. Moreover, the apartments are conveniently positioned on the TriMet bus line 6 Stop ID: 5939, providing effortless connectivity to the extensive mass transportation network throughout Portland.This exceptional investment opportunity includes not only The Martin Apartments but also two other similar buildings, culminating in a total of 41 units. Don't miss your chance to capitalize on this promising venture. For more information, kindly contact our dedicated listing agent.

Additional Information

Tax Amount
$36,604
Year Built
2013
Middle School
Other
Living Area
9,742
Stories
2
Subdivision
North Eliot
Terms
Cash, Conventional
Cooling Description
Wall Unit(s)
Fuel Description
Electricity
Heating Description
Baseboard
Hoa Rent Includes
None
Hot Water Description
Electricity
Exterior Description
Cement Siding, Lap Siding
Roof Type
Composition
Sewer Description
Public Sewer
View
City
Parking
None, Off Site
Security Or Entry
Entry
Parking Description
None, Off Site
Road Surface
Paved
Number Of Units Total
14
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1400
Unit Type One Sq Ft
550
Unit Type One Units Total
8
Unit Type Two Baths Total
2
Unit Type Two Beds Total
1
Unit Type Two Units Total
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Keller Williams Realty Portland Premiere.

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