324 W CLACKAMAS BLVDGladstone, OR97027

$1,035,000
6 total units
$72,960 annual income
Capitilization Rate: 4.13
4650 sq. ft
SqFt15000to19999
Elementary School: John Wetten
Middle School: Kraxberger
High School: Gladstone
Zoning: R5
493 days on market

VestorFilter™

Price per unit$172.5K/unit
Price per ft²$222.58/ft²
Time on market493 days

Property Description

Extremely well-located 6 unit apartment in Gladstone, OR consisting of two triplexes on one tax lot. All 2 bed 1 bath units, roughly 775sqft each. Individual backyards, on-site parking, on-site laundry room. Value-add opportunity, below market rents with 30%+ loss-to-lease, pro forma 7.1% CAP rate.

{{ compliance-logo }}Listing Provided By Flat Fee Realty, LLC

Financial Data

Date Sold2023-01-06
Sold Price$1,020,000
Original Price$1,035,000
Current Price$1,035,000
Property Taxes$7,914

Find On Map

Home Facts

StatusSold
Year Built1962
Stories1
Exterior Features
Garage
MLS ID22494321

Unit Details

Unit 1
Unit 2