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Listed by John L. Scott Portland Central • neportland@johnlscott.com
$2,549,950
Est. payment /mo
6,560 SqFt
UPDATED:
01/27/2025 01:35 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,560 sqft
Price per Sqft $388
Subdivision Reed/Woodstock
MLS Listing ID 776111041
Year Built 2020
Annual Tax Amount $15,391
Tax Year 2024
Lot Size 3,920 Sqft
Property Description
Prime Investment Opportunity – Modern 7-Unit Walk-Up in the Reed NeighborhoodIntroducing a rare chance to own a newly constructed (2020) 7-unit apartment building in the highly desirable Reed neighborhood, just steps from Reed College. This turnkey asset combines contemporary design, a prime location, and strong financial performance, making it an ideal addition to any investor's portfolio. Built in 2020, the property features energy-efficient systems, premium finishes, and low-maintenance construction, ensuring long-term durability and designed to offer spacious layouts . Situated within walking distance of Reed College and public transportation, the property benefits from consistent tenant demand and competitive rental income. With high occupancy rates this asset provides immediate cash flow and stable returns.Don't miss this opportunity to secure a high-performing, low-maintenance property in one of the city's most coveted neighborhoods.
Location
State OR
County Multnomah
Area _143
Zoning CE
Rooms
Basement None
Interior
Heating Baseboard, Wall Heater
Cooling Wall Unit
Exterior
Roof Type Flat
Garage No
Building
Lot Description Corner Lot, Level
Story 3
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing CallListingAgent, Conventional, Other
Listing Terms CallListingAgent, Conventional, Other
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