2744 Se 35th Pl, Portland, Or 97202Portland, OR 97202Price: $1,295,000

Price: $1,295,000
Est. Mortgage of $/month
45 Days on Market

This investment opportunity is a top performer in the market, boasting a 6.26% cap rate and a 13.29x gross rent multiplier, with great potential for tenant occupancy.. The 4plex features a 1955 original construction, which underwent renovations in 2016, and is situated just 1.5 blocks away from the vibrant SE Division. All units rent quickly, usually within 1-2 showings, and there is no historical vacancy. The property includes an expansive 3BR unit with central HVAC, two gas fireplaces, a private washer/dryer, a dishwasher, and a large patio. This unit has a near-term lease expiration perfect for owner occupant. Additionally, there are three beautiful 1BR units, each with hardwood floors, large windows, private outdoor spaces, and mid-century charm. The property comes with two garages, basement laundry facilities, and tenant storage areas. The seller is a licensed real estate agent in Oregon. Unit sizes are approximate.

"Based on information submitted to OR_RMLS_API as of May 29, 2023 5:16 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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2744 Se 35th Pl, Portland, Or 97202Portland, OR 97202Price: $1,295,000

$/month over payments

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Wes Patterson

2744 Se 35th Pl, Portland, Or 97202Portland, OR 97202Price: $1,295,000

$/month over payments

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