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8128-8132 NE Beech St
Portland, OR 97213
4-plex Bargain in NE Portland $617,000 · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 3,984 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1954 |
| Zoning | R2 - medium-density residential zone | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,984 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | R2 - medium-density residential zone |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
ABOUT 8128-8132 NE BEECH ST , PORTLAND, OR 97213
Why this 4-Plex in NE Portland is a very good buy at $617,000: " There are 7 four-plexes for sale in NE Portland, inside I-205. They range in price from $617,000 to $1,225,000. " The Gross Rent Multiplier ranges from a low of 12.9x actual annual rents to 23.2x. " The average GRM for actually sold Inner NE Portland four-plex in 2016 was 14.5x. Six of these seven plexes for sale now all have GRMs in excess of 14.5x. No four plex has sold for less than 13.7 since 2015. This 4-plex for sale, 8128 NE Beech, has the LOWEST Price and the LOWEST GRM of any four-plex for sale in Inner NE Portland. $617,000 and a GRM of 12.9x. Sure, the apartments are dated. But, they are clean, well maintained and everything works. Of course, you can remodel when a tenant vacates and raise the rents by a huge amount. It borders NE 82nd and in 11 years, it has never been a problem renting them. The N-S bus on 82nd stops right there! Or, walk one block to catch the west bus on Fremont. The seller will entertain reasonable offers. They want it sold. Good central location and it is on a public transportation line. Plus there is off-street parking.
PROPERTY TAXES
| Parcel Number | R300343 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $445,800 |
PROPERTY TAXES
