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4606-4732 NE Martin Luther King Jr. Blvd
Portland, OR 97211
Multifamily Property For Sale
·
38 Units
PROPERTY FACTS
| No. Units | 38 | Building Size | 34,579 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1997 |
| Building Class | C | Parking Ratio | 0.29/1,000 SF |
| Lot Size | 0.63 AC | ||
| Zoning | RM4 - Residential High Density - Can have up to 10 stories | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 34,579 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1997 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | RM4 - Residential High Density - Can have up to 10 stories |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Smoke Free
SITE AMENITIES
- Controlled Access
- Laundry Facilities
ABOUT 4606-4732 NE MARTIN LUTHER KING JR. BLVD , PORTLAND, OR 97211
MLK Wygant was built as an affordable housing community for families in the MLK neighborhood. It has been well-maintained. MLK Wygant rents are currently restricted under two regulatory agreements. The property is under a Risk Share regulatory agreement through Oregon Housing and Community Services (OHCS). The regulatory agreement in place restricts twenty percent (20%) of the units to households earning at or below 50% MFI. Additionally, the property is under a regulatory agreement placed by the Portland Development Commission (now Prosper Portland). The loan and it’s agreements were transferred to the Portland Housing Bureau (PHB). The Portland Housing Bureau restricts twenty percent (20%) of the units to households earning at or below 50% MFI and all other units at 60% MFI. The property is currently receiving a tax abatement for the restrictions in place on all units except the two commercial spaces. The restrictions are set to end on August 15, 2028. For more information on the active regulatory agreements, please contact the listing agent, Lois Waugh at the information provided
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $839.50 | - |
| 2+1 | 14 | $1,099 | - |
| 3+2 | 11 | $1,270 | - |
| 4+2 | 2 | $1,417 | - |
PROPERTY TAXES
| Parcel Number | R179780 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $221,970 |
PROPERTY TAXES
