4110 NE 42ND AVE, Portland, OR 97218
- $600,000
- 4,371
- SqFt
- List Price
- $600,000
- Days on Market
- 39
- MLS#
- 586637231
- Property Type
- Multifamily
- Sqft. of Residence
- 4,371
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Portland Northeast
- Status
- PENDING
Property Description
Classic 1973 garden-style triplex on a 7,500 SF corner lot in Portland’s Central Northeast submarket, fully leased, professionally managed, and operating at stabilized occupancy. Three large 2-bed/2-bath units average about 1,457 SF and function more like townhomes, with in-unit laundry, dishwashers, full appliance packages, and private patios/balconies, offering above-average unit size versus typical competing stock. Six on-site parking spaces (three attached garages plus three paved surface stalls), level topography, and average, easy-to-maintain landscaping support long-term operating efficiency.For investors, the asset is 100% occupied with stable tenancy, clean rent rolls, and professionally prepared financials in a Central Northeast submarket where occupancy and rent growth have shown consistent long-term performance and vacancy is concluded at just 3% in the appraisal’s underwriting. The triplex is zoned R5 with legal, conforming multifamily use and is appraised at a Market Value As Is of $600,000 ($200,000 per unit), supported by both income capitalization and sales comparison approaches, providing a clear basis for pricing and financing. Proximity to I-84, TriMet, and established retail and employment nodes helps sustain renter demand and supports durable cash flow and long-term value appreciation.
Additional Information
- Tax Amount
- $11,068
- Year Built
- 1973
- High School
- Grant
- Elementary School
- Alameda
- Middle School
- Beaumont
- Garage Spaces
- 3
- Acres
- 0.17
- Living Area
- 4,371
- Stories
- 2
- Subdivision
- BEAUMONT - WILSHIRE
- Terms
- Cash, Conventional, FHA
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Shingle
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Attached, Paved
- Security Or Entry
- None
- Parking Description
- Attached, Paved
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1595
- Unit Type One Sq Ft
- 1503
- Unit Type One Units Total
- 2
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
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Listing courtesy of ELEETE Real Estate.
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