Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, fully leased, new construction 15-unit apartment complex from a quality local builder. Nestled in NEs hotspot of North Tabor this location will have everything you need at your doorstep! High-end, modern finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones! With a mix of 1 be + 2 bed units further diversifying your investment portfolio. Custom cabinetry, desirable stainless-steel appliances + stackable W/D finish out the interior! Indoor bike storage + enclosed trash area round out a few other notable items plus 1-year builder warranty with peace of mind + 15-year new construction rent-control exemption!
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: Zoned
- Heating Fuel: Electricity
- Heating: Yes
- Water Heaters: Electricity
Land Info
- Lot Description: Level
- Lot Size Acres: 0.15
- Lot Size Square Feet: 6534
Exterior and Lot Features
Home Features
- View: TreesWoods
- Security Features: Sidewalk
School Information
- Elementary School: Vestal
- High School: Franklin
- Middle School: Mt Tabor
Rental Info
Multi-Unit Info
- Number of Units: 15
- Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Bedrooms in Unit-6: 1
- Bedrooms in Unit-7: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Total Bathrooms in Unit-7: 2
Amenities and Community Features
- Community Features: Commons
Other Property Info
- LotSizeRange: SqFt5000to6999
- Annual Tax Amount: 2615.679999999
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.45
- Directions: NE Glisan St, S on NE 61st Ave
- Tax Year: 2023
- Source Property Type: MultiFamily
- Source Neighborhood: NORTH TABOR
- Parcel Number: R230713
- Subdivision: NORTH TABOR
- Zoning: RM2
- Source System Name: C2C
Commercial Info
- Net Operating Income: 217993
- Operating Expense: 59072
Building and Construction
- Year Built: 2024
- Building Area Total: 12240
- Building Exterior Type: CementSiding
- Foundation Details: ConcretePerimeter, Slab
- New Construction: Yes
- Property Condition: NewConstruction
- Roof: Composition
- Levels or Stories: 3
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater