Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of studio + 1 bed units including a generous 1, 124 sf Retail Space that presents a perfect canvas that can be tailored to suit a wide range of ventures. Expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike rack round out a few quality amenities. With remarkable proximity, in the heart of Belmont and just 0.6 miles to iconic Laurelhurst Park and blocks to Hawthornes vibrant shops + restaurants!
Property Features
Bedrooms
Heating and Cooling
- Cooling Features: HeatPump
- Heating Features: HeatPump
- Heating Fuel: Electricity
- Heating: Yes
- Water Heaters: Electricity
Bathrooms
Land Info
- Lot Description: CornerLot
Exterior and Lot Features
Home Features
School Information
- Elementary School: Glencoe
- High School: Franklin
- Middle School: Mt Tabor
Rental Info
- Gross Income: 347280
- Gross Scheduled Income: 347280
Multi-Unit Info
- Number of Units: 20
- Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
- Bedrooms in Unit-1: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
Amenities and Community Features
- Community Features: Commons
Other Property Info
- LotSizeRange: SqFt5000to6999
- Annual Tax Amount: 5748.5
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.59
- Directions: SE Belmont St, Between SE 47th Ave and SE 48th Ave on South Side
- Tax Year: 2022
- Source Property Type: MultiFamily
- Source Neighborhood: BELMONT
- Parcel Number: R233459
- Subdivision: BELMONT
- Zoning: CM1
- Source System Name: C2C
Commercial Info
- Net Operating Income: 279258
- Operating Expense: 68022
Building and Construction
- Year Built: 2023
- Building Area Total: 9690
- Building Exterior Type: Brick, Cedar, CementSiding, MetalSiding
- Foundation Details: Slab
- New Construction: Yes
- Property Age: 2
- Property Condition: NewConstruction
- Roof: Flat
- Levels or Stories: 3
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater