Bought with John L. Scott
$1,995,000
$1,995,000
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5550 SW BEAVERTON HILLSDALE HWY Portland, OR 97221
8,616 SqFt
Key Details
Sold Price $1,995,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,616 sqft
Price per Sqft $231
Subdivision 5550-5564
MLS Listing ID 24467007
Sold Date 09/06/24
Year Built 1950
Annual Tax Amount $22,228
Tax Year 2023
Lot Size 0.450 Acres
Property Description
This updated 100% occupied 8 plex (built in 1986-87) comes with a 1800sf, 3-bedroom, 2-bath ranch house on a .45-acre lot. Grocery shopping and restaurants are just across the street & it's next to easy bus transportation. There is so much opportunity for increased rental income: a family member occupies the house so currently no rent has been collected there but could easily rent for $3,300 a month which would increase the Cap rate to over 6%. It features a full unfinished basement with full bath or another multi-plex could be built in place of the ranch house giving you many more units and income.
Location
State OR
County Multnomah
Community Laundry
Area _148
Zoning RM1
Rooms
Basement Full Basement
Interior
Heating Forced Air, Zoned
Exterior
Garage Spaces 2.0
Community Features Laundry
View Territorial
Roof Type Composition
Parking Type Assigned, Garage Door Opener
Garage No
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Middle Schools Robert Gray
High Schools Ida B Wells
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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