$1100000
Price cut: $50K (07-31-2025)
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6 Bed
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4 Bath
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3240 SqFt
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166 DOM
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Built: 1965
- Status: Active
Love this home?
Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Massive price drop on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 7.44 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional $595/month income on 3 separately leased garage spaces. Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Bamboo Sushi, Ken's Artisan Pizza, food pods, brews and more. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area for those drawn to the ease of living near work, food and fun, with many nearby parks.
Listing Provided Courtesy of Teri Toombs, Wood Land Realty
General Information
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493082979
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166 DOM
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6
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5227.2 SqFt
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4
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3240
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1965
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R2.5
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Multnomah
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R214625
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Sunnyside Env
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Sunnyside Env
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Franklin
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MultiFamily
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MAYOR GATES ADD, BLOCK 5, LOT 12
Listing Provided Courtesy of Teri Toombs, Wood Land Realty
Mohan Realty Group data last checked: Sep 02, 2025 03:39 | Listing last modified Aug 27, 2025 15:18,
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