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Kay Hauser

kayhauser65@gmail.com +1(360) 607-2970

Listed by NextHome Realty Connection

$ 899,000

Est. payment | -/mo

4,348 SqFt

Save

$ 899,000

Est. payment | -/mo

Save

4,348 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,348 sqft

Price per Sqft $206

Subdivision Sellwood - West Moreland

MLS Listing ID 289486381

Year Built 1907

Annual Tax Amount $8,633

Tax Year 2025

Lot Size 5,227 Sqft

Property Description

Stabilized Sellwood 6-plex at $150,000/unit with 100% occupancy, professional management, newer plumbing, shared laundry, storage, and a highly walkable location near SE 13th, West Moreland, transit, parks, and Springwater Corridor. Current cap rate: 5.7%. Market-rent upside: $1,467/month. Current NOI: $51,324. Pro forma NOI: $68,600. Ideal for investors seeking a low-vacancy close-in Portland asset with long-term rental demand.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning R5

Rooms

Basement Full Basement, Storage Space

Interior

Heating Wall Furnace

Exterior

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Level

Story 3

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Llewellyn

Middle Schools Sellwood

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 607-2970

kayhauser65@gmail.com

Ridgefield, WA, 98642, USA

1414 SE LAMBERT ST Portland, OR 97202