13062 Southeast Powell Boulevard

Portland, OR 97236

$2,420,000
Price
Beds
15,400 Sq. Ft.
$157 / Sq. Ft.
15,400
Sq. Ft.
$157
per Sq. Ft.

Description

Powell Station Apartments is a 14-unit complex in Portland’s Powellhurst-Gilbert neighborhood. Built in 1999, it features two-bedroom, two-bath units across four buildings with private yards, balconies, and rentable garage spaces. Extensive renovations in over half the units have raised rents to $1,599, while classic units rent for $1,175, offering a 27% rent upside. This property presents a value-add opportunity with modern upgrades and desirable amenities.Powell Station Apartments is a 14-unit complex in Portland’s Powellhurst-Gilbert neighborhood. Built in 1999, it features two-bedroom, two-bath units across four buildings with private yards, balconies, and rentable garage spaces. Extensive renovations in over half the units have raised rents to $1,599, while classic units rent for $1,175, offering a 27% rent upside. This property presents a value-add opportunity with modern upgrades and desirable amenities.
  1. Listed by Ian Crist • Bridge Creek Realty

Property Details for 13062 Southeast Powell Boulevard

Zoning
RM1
Parking Total
22.00
LISTING UPDATED: 11/01/2024 10:25 AM

Property Details for 13062 Southeast Powell Boulevard

StatusActive
MLS #24047581
Days on Market56
Taxes$27,376 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1999
Lot Size0.81 AC / 35,283 SF
CountyMultnomah County

Building Information for 13062 Southeast Powell Boulevard

Stories2Residences14Year Built1999Building Size-Lot Size0.81 AC / 35,283 SF

Property Information for 13062 Southeast Powell Boulevard

Summary
Location and General Information
  • Country: US
  • Directions: 13062 SE Powell Blvd, Portland, OR 97236
School Information
  • Elementary School: Gilbert Hts
  • High School: David Douglas
  • Middle Or Junior School: Alice Ott
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $27,376.00
  • Parcel Number: R239837
  • Tax Legal Description: 1S2E11BD -017021S2E11BD -01702v
Property
Lot Information
  • Acres: 0.81
  • Lot Size Square Feet: 35283.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1999
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
  • Gross Income Actual: $242,916.00
  • Gross Income Projected: $276,691.00
  • Gross Rent Multiplier: $9.96
  • Net Income Actual: $157,692.00
  • Net Income Projected: 194321
  • Operating Expenses Projected: $105,868.00
  • Operating Expense: $99,994.00
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 15400
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Refrigerator, Storage, Washer Dryer
  • Unit Type 1 Rent: $1,450
  • Unit Type 1 SqFt: 900.0
  • Unit Type 1 Units Total: 14

Schools near 13062 Southeast Powell Boulevard

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Gilbert Heights Elementary School
PublicK to 5

Alice Ott Middle School
Public6 to 8

David Douglas High School
Public9 to 12

Arthur Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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13062 Southeast Powell Boulevard is a multi-family home for sale in Portland, OR 97236. This property was listed for sale on October 22, 2024 by Bridge Creek Realty, it's currently listed at $2,420,000. This listing's school district is David Douglas School District 40. Nearby schools include Gilbert Heights Elementary School, Alice Ott Middle School and David Douglas High School. 13062 Southeast Powell Boulevard is a 0-bed, 0-bath, 15,400 sqft multi-family home built in 1999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bridge Creek Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/01/2024 10:25 AM