Exquisite, modern NEW 6-unit apartment complex from quality local builder with 1 bed + 2 bed units in vibrant Arbor Lodge! Thoughtfully designed + flooding with light this impeccable open concept plex boasts high-end features, tall ceilings + neutral designer tones! Quality can be seen with a custom kitchen featuring gorgeous tilework, slab counters, SS appliances, expansive windows + doors out to a privately fenced backyard with patio! Bolster your investment portfolio with amazing quality + peace of mind + 1-year Builder Warranty! Phenomenal 92Bikescore, just blocks to restaurants, parks, shops + transit! Can be purchased as a package with identical building next-door.
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: Zoned
- Heating Fuel: Electricity
- Heating: Yes
Land Info
- Lot Description: Level
- Lot Size Acres: 0.0799816
- Lot Size Square Feet: 3484
Exterior and Lot Features
Home Features
School Information
- Elementary School: Chief Joseph
- High School: Jefferson
- Middle School: Ockley Green
Rental Info
- Gross Income: 107850
- Gross Scheduled Income: 107850
Multi-Unit Info
- Number of Units: 6
- Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
Other Property Info
- LotSizeRange: SqFt3000to4999
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.14
- Directions: N Saratoga St, S on N Montana Ave
- Tax Year: 2023
- Source Property Type: MultiFamily
- Source Neighborhood: ARBOR LODGE
- Parcel Number: New Construction
- Subdivision: ARBOR LODGE
- Zoning: RM3d
- Source System Name: C2C
Commercial Info
- Net Operating Income: 82219
- Operating Expense: 25631
Building and Construction
- Year Built: 2023
- Building Area Total: 3774
- Building Exterior Type: CementSiding, LapSiding
- Foundation Details: ConcretePerimeter, Slab
- New Construction: Yes
- Property Age: 1
- Property Condition: NewConstruction
- Roof: Flat
- Levels or Stories: 2
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater