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325 S Idaho St 2 Unit Apartment Building Offered at $935,000 at a 5.50% Cap Rate Portland, OR 97239
Investment Highlights
- Ideal property for an investor or as owner-occupied.
- Built in 2024, Spud offers modern construction and minimal immediate maintenance needs, ideal for upscale rentals or owner-occupancy.
- Turn-key opportunity with spacious townhouses featuring modern amenities and finishes.
- Potential for seller financing - contact broker.
- Fully occupied; large units include a 2-bed/2-bath unit and a 3-bed/ 2-bath
- Walk score of 79 and a bike score of 83, signifying a highly-walkable and bikeable neighborhood with proximity to parks, schools, downtown Portland.
Executive Summary
Built in 2024, Spud Duplex consists of one 2-bed/2-bath unit and one 3-bed/ 2-bath unit totaling 2,184 SF. The property is perfect for an owner-occupier or an investor looking to lease a quality asset with future rental upside.
The owner may consider seller- financing - reach out to Broker.
The property is located in the heart of the popular Johns Landing neighborhood in South Portland, just minutes from downtown. Location is key for this property as it is centrally-positioned in close-in South Portland, near South Waterfront and Goose Hollow, OHSU, and downtown Portland’s CBD. This area is highly walkable and bikeable. Nestled near parks, trails, and local eateries, this South Portland location is minutes from downtown Portland and combines urban convenience with a peaceful neighborhood feel, ideal for work-life balance.
The owner may consider seller- financing - reach out to Broker.
The property is located in the heart of the popular Johns Landing neighborhood in South Portland, just minutes from downtown. Location is key for this property as it is centrally-positioned in close-in South Portland, near South Waterfront and Goose Hollow, OHSU, and downtown Portland’s CBD. This area is highly walkable and bikeable. Nestled near parks, trails, and local eateries, this South Portland location is minutes from downtown Portland and combines urban convenience with a peaceful neighborhood feel, ideal for work-life balance.
Property Facts
| Price | $935,000 | Property Type | Multifamily |
| Price Per Unit | $467,500 | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 2,184 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.23 | No. Stories | 2 |
| No. Units | 2 | Year Built | 2024 |
| Price | $935,000 |
| Price Per Unit | $467,500 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 15.23 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 2,184 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,525 | 1,173 |
| 3+2 | 1 | $2,399 | 973 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | R273340 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $324,540 |
Property Taxes
Parcel Number
R273340
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$324,540
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325 S Idaho St
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