2703 SE 32ND AVE Portland, OR97202

$1,224,000
4 total units
5 total bedrooms
4 total bathrooms
$81,195 annual income
Capitilization Rate: 5.10
2480 total sq. ft
5,000 to 6,999 SqFt
Elementary School: Abernethy
Middle School: Hosford
High School: Cleveland
Zoning: R2.5
981 days on market
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Price per unit$306K/unit
Price per ft²$493.55/ft²
Price per acre$10.42M/ac
Price per bedroom$244.8K/bed
Time on market981 days

Property Description

This is the jewel box investment you have been waiting for! Perched high above the street in the heart of Southeast Portland's most desirable rental neighborhood, this Division/Clinton Mid-Century 4plex has been impeccably maintained & boasts vintage charm, pride of ownership & upside potential through utilization of Portland's recent zoning changes. Solid rental history & additional income via laundry and garage combined with modernized systems result in a turn key investment in an A+ location.

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Financial Data

Date Sold2021-08-24
Sold Price$1,224,000
Original Price$1,248,000
Current Price$1,224,000
Property Taxes$8,264

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Home Facts

StatusSold
Year Built1949
Stories1
Exterior Features
MLS ID21504748

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4