= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Multifamily For Sale, Portland, OR or Oregon

Multifamily Property For Sale

NE Portland 7 Plex

5516 NE 48th Avenue, Portland, OR 97218

Price:
$550,000
No. Units:
7
Building Size:
6,784 SF
Price/Unit:
$78,571.43
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.54%
Gross Rent Multiplier:
8.65
Lot Size:
0.41 AC
Find Out More...

Last Verified 10/26/2009 Listing ID 16446257

Description

This NE Portland 7-Plex offers a buyer the unique opportunity to acquire 7 units on one tax lot. There are five 2-bedroom 1-bath units of approximately 800 square feet and two 3-bedroom 2-bath units of approximately 950 square feet. The property has an on-site laundry facility.

A recent survey by the Metro Multifamily Housing Association reported the percentage of 2-bedroom units vacant in NE Portland is less than 2%, attesting to the fact that moderately priced rental housing remains in high demand.

Nearby employment opportunities include the Portland Airport and businesses in the Columbia Industrial Corridor along with substantial new commercial and retail developments including Cascade Station.

Financial Summary

Actual
Net Operating Income
$35,970

Map of 5516 NE 48th Avenue, Portland, OR 97218 (Multnomah County)

Hide Map

Contact Listing Broker to find out more details.

Presented by

Hagerman Frick O'Brien, LLC

Request additional information

Contact Listing Broker

Nick Klein (503) 241-5541 Ext: 20

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 10/26/2009

Additional Information for 5516 Ne 48th Avenue, Portland, OR 97218

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 5516 NE 48th Avenue, Portland, OR 97218

Nearby Multifamily properties for saleSearch all commercial real estate for sale

Berna Court Apartments
$789,000
12 Units
NE Portland Oregon 8 Plex!
$688,000
8 Units
Tri-Plex For Sale $279,000
$279,000
3 Units
6024 NE SIMPSON ST
$139,500
2 Units

Nearby Recently Sold Multifamily propertiesSearch all recently sold commercial real estate

Garden/Low-Rise
Sold 3Q 2004
Duplex/Triplex
/Fourplex
Sold 2Q 2008
Duplex/Triplex
/Fourplex
Sold 3Q 2008
Garden/Low-Rise
Sold 2Q 2005
Garden/Low-Rise
Sold 2Q 2006

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Multifamily Property For Sale - NE Portland 7 Plex

5516 NE 48th Avenue, Portland, OR, 97218