2311 SE Hawthorne BLVDPortland, OR97214

$1,050,000
6 total units
$91,324 annual income
Capitilization Rate: 5
8166 sq. ft
SqFt3000to4999
Elementary School: Sunnyside Env
Middle School: Sunnyside Env
High School: Franklin
Zoning: R1
657 days on market

VestorFilter™

Price per unit$175K/unit
Price per ft²$128.58/ft²
Recent price drop$50,000
Time on market657 days
Smart Fixer ListYes

Property Description

Value add opportunity in one of Portland's BEST locations. 6 units w/ under market rents offer an incredible canvas for the investor with a vision. Cosmetic upgrades and changes to operational efficiencies will offer the new owner substantial upside. Make offer subject to interior inspection.

{{ compliance-logo }}Listing Provided By Equity Pacific Real Estate LLC

Financial Data

Date Sold2022-10-21
Sold Price$1,025,000
Price ChangeDropped $50,000 on 10/21/2022
Total $50,000 drop
Original Price$1,100,000
Current Price$1,050,000
Property Taxes$10,392

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Home Facts

StatusSold
Year Built1912
Stories2
Exterior Features
MLS ID22473650

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6