12911 NE PRESCOTT DRPortland, OR97230
$950,000
6 total units
$95,885 annual income
Capitilization Rate: 5.15
5475 sq. ft
SqFt3000to4999
Elementary School: Shaver
Middle School: Parkrose
High School: Parkrose
Zoning: CM1
752 days on market
VestorFilter™
Price per unit$158.3K/unit
Price per ft²$173.52/ft²
Recent price drop$100,000
Time on market752 days
Smart Fixer ListYes
Property Description
12901-12911: Three well positioned value add duplexes with excellent tenant history. Cosmetic fixer with upside in below market rents. Located in the Argay Terrace neighborhood of NE Portland. The property consists of a 2 bed / 1.1 bath unit and a 1 bed / 1 bath unit. Each unit has its own washer/dryer and exterior entrances. There is alley access off street garage parking as well. Current rents are substantially under market. The property is professionally managed.
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Financial Data
Date Sold2022-09-30
Sold Price$870,000
Price ChangeDropped $100,000 on 10/01/2022
Total $325,000 drop
Total $325,000 drop
Original Price$1,275,000
Current Price$950,000
Property Taxes$13,644
Find On Map
Home Facts
StatusSold
Year Built1999
Exterior Features
MLS ID22542118
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
