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Jesse Richter

jesse@jesserichter.com +1(503) 310-7012

Listed by Knipe Realty ERA Powered • 503-201-8537

$3,225,000

Est. payment - /mo

10,480 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,480 sqft

Price per Sqft $307

Subdivision Parkrose

MLS Listing ID 752828656

HOA Y/N No

Year Built 2024

Annual Tax Amount $28,957

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

Recently constructed and fully stabilized 16-unit apartment building located in Portland's Parkrose neighborhood. This turn-key investment offers low-maintenance ownership with modernsystems, contemporary finishes, and a balanced mix of unit types designed to attract a broad tenant base. Built with long-term durability and operational efficiency in mind, the property features well-finished units with quality fixtures, high-end kitchens, in unit washer/dryers, and established occupancy. The diversified unit mix supports stable occupancy and consistent cash flow, appealing to both traditional renters and high demand workforce housing that is near NE Sandy Blvd, grocery, close access to the airport, and transit.

Location

State OR

County Multnomah

Area _142

Zoning RM2

Rooms

Basement None

Interior

Heating Wall Heater

Cooling Air Conditioning Ready

Exterior

View Seasonal

Roof Type Composition

Garage No

Building

Lot Description Gated, Level

Story 4

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 4

Schools

Elementary Schools Other

Middle Schools Roseway Heights

High Schools Parkrose

Others

Acceptable Financing Cash, Contract, Conventional, OwnerWillCarry

Listing Terms Cash, Contract, Conventional, OwnerWillCarry

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Regional Multiple Listing Service (RMLS)

Nearby Locations

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Jesse Richter

REALTOR® | Knipe Realty ERA Powered | Lic# 201246341

jesse@jesserichter.com

+1(503) 310-7012

7440 SW Hermoso Way, Portland, OR, 97223

4775 NE 107TH AVE Portland, OR 97220

Jesse Richter

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

4775 NE 107TH AVE