1815 NW HOYT STPortland, OR97209

$720,000
4 total units
$64,200 annual income
Capitilization Rate: 4.43
3974 sq. ft
SqFt3000to4999
Elementary School: Chapman
Middle School: West Sylvan
High School: Lincoln
Zoning: RM3
625 days on market

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Price per unit$180K/unit
Price per ft²$181.18/ft²
Time on market625 days

Property Description

Great upside potential for the creative buyer! Four-plex has below market rents, no utility billback program, and an 11 GRM in a market that normally asks for 15+ GRM. Located in desirable NW Nob Hill. 100% occupied. Many units have updated kitchens and baths. Unit mix includes studio, 1 bed/1 bath, and 2 bed/1 bath. Electric and water heaters individually metered. Electric heat. Onsite laundry facility. Can be sold with sister property. 607-611 NW 18th Avenue for $2M.

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Financial Data

Date Sold2022-10-12
Sold Price$718,800
Original Price$720,000
Current Price$720,000
Property Taxes$9,702

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Home Facts

StatusSold
Year Built1898
Stories2
MLS ID22036387

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4