3404 SE 21ST AVE Portland, OR97202

$923,000
4 total units
2 total bedrooms
1 total bathrooms
$71,340 annual income
Capitilization Rate: 4.97
3380 total sq. ft
5,000 to 6,999 SqFt
Elementary School: Grout
Middle School: Hosford
High School: Cleveland
Zoning: IG1
1039 days on market
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Price per unit$230.8K/unit
Price per ft²$273.08/ft²
Price per acre$7.86M/ac
Price per bedroom$461.5K/bed
Time on market1039 days

Property Description

The SE 21st Apts represent an opportunity to acquire a well located, turn-key asset in the close-in SE Portland sub-market. Comprised of upgraded 2BR/1BA floorplans with storage & parking included. The average in place rent is $1,486 (highest level is $1,520). Recent upgrades include: new fencing, landscape, mailboxes, storage room update, new bike racks, & many interior improvements. Strong in place operations with additional room to grow. 100% occupied, showing only upon an accepted offer.

{{ compliance-logo }}Listing Provided By Joseph Bernard LLC

Financial Data

Date Sold2021-08-03
Sold Price$923,000
Original Price$949,000
Current Price$923,000
Property Taxes$8,436

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Home Facts

StatusSold
Year Built1964
Stories2
Exterior Features
MLS ID21058569

Unit Details

Unit 1