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Listed by:Savi Realty • Gabe Terreson
$675,000
Est. payment /mo
6 Beds
5 Baths
2,976 SqFt
Open House
Sat May 30, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $226
Subdivision Oregon
MLS Listing ID 2530898
Style 55 - 5-9 Units
Bedrooms 6
Year Built 1959
Annual Tax Amount $7,724
Lot Size 5,000 Sqft
Property Sub-Type Multi Family
Property Description
This fiveplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.Located at the corner of NE Failing and NE 81st, this fully leased fiveplex was extensively remodeled in 2019 following a fire. The property includes four one-bedroom, one-bath units and one two-bedroom, one-bath unit. Projected 2026 gross income is $72,540, with real estate taxes of $7,724. The landlord covers water, sewer, trash, and landscaping. All tenants are on month-to-month leases with tenures ranging from three to four years.This property offers a well-maintained, income-producing asset with stable occupancy in a convenient Northeast Portland location.
Location
State OR
County Multnomah
Area 2000 - Oregon
Interior
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Lee Elementary
High Schools Leodis V. Mcdaniel High
School District Portland Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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