400 NE 63RD AVE Portland, OR97213

$870,000
4 total units
8 total bedrooms
4 total bathrooms
$68,607 annual income
Capitilization Rate: 5.57
3728 total sq. ft
10,000 to 14,999 SqFt
Elementary School: Glencoe
Middle School: Mt Tabor
High School: Franklin
Zoning: RM2
1327 days on market

VestorFilter™

Price per unit$217.5K/unit
Price per ft²$233.37/ft²
Price per acre$3.7M/ac
Price per bedroom$108.8K/bed
Time on market1327 days

Property Description

Great chance to purchase this 4-plex with development or expansion opportunity zoned RM2. HUGE lot in the inner city with a solid performing fully-occupied multifamily. The back 1/2 of the property is private, leaving room to expand or develop. Access to bus, shopping, freeways and inner city as well as updated units with decks or patios make these units very desirable and minimize vacancy. Don't miss your chance to invest and grow! Call today for more information! DND Tenants!

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Financial Data

Date Sold2021-02-12
Sold Price$870,000
Original Price$950,000
Current Price$870,000
Property Taxes$9,274

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Home Facts

StatusSold
Year Built1967
Stories2
Green/Energy SupplementNo
Exterior Features
MLS ID20343600

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4