14937 Southeast Stark Street

Portland, OR 97233

$2,600,000
Price
—
Beds
14,080 Sq. Ft.
$185 / Sq. Ft.
14,080
Sq. Ft.
$185
per Sq. Ft.
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Description

Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit. All units have their own full-size washer & dryer, except the original...Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a share laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway.
  1. Listed by Wayne Sanman • RE/MAX Equity Group

Property Details for 14937 Southeast Stark Street

Subdivision
GLENFAIR
Parking Features
Off Street, Paved
Zoning
RM3
Parking Total
26.00
LISTING UPDATED: 08/04/2024 06:15 PM

Property Details for 14937 Southeast Stark Street

StatusActive
MLS #24056070
Days on Market157
Taxes$29,686 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2005
Lot Size0.73 AC / 31,798 SF
CountyMultnomah County

Building Information for 14937 Southeast Stark Street

Stories2Residences16Year Built2005Building Size-Lot Size0.73 AC / 31,798 SF

Property Information for 14937 Southeast Stark Street

Summary
Location and General Information
  • Country: US
  • Directions: SE 148th
  • Road Surface: Paved
School Information
  • Elementary School: Glenfair
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $29,685.87
  • Parcel Number: R109805
  • Tax Legal Description: ASCOT AC, LOT 253 EXC E 90' OF S 120' EXC PT IN ST
Property
Lot Information
  • Acres: 0.73
  • Lot Description: Level
  • Lot Size Square Feet: 31798.0
  • 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: Approximately
  • Year Built: 2005
Utilities
  • Fuel Description: Electricity
  • Heating Description: Radiant, Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Cement Siding, T111Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space, Partial Basement, Partially Finished
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
  • Gross Income Actual: $214,156.00
  • Gross Income Projected: $233,820.00
  • Gross Rent Multiplier: $12.14
  • Investor Information: According To Owner, Profit Loss Statement
  • Net Income Actual: $134,615.00
  • Net Income Projected: 152689
  • Operating Expenses Projected: $81,131.00
  • Operating Expense: $79,541.00
  • Security Features: Security System Owned
  • Storage: Individual Storage Units
  • Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 14080
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $1,330
  • Unit Type 1 SqFt: 933.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $1,340
  • Unit Type 2 SqFt: 933.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 3 Rent: $1,345
  • Unit Type 3 SqFt: 933.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 4 Rent: $1,300
  • Unit Type 4 SqFt: 933
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 2
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 5 Rent: $1,325
  • Unit Type 5 SqFt: 933.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 2
  • Unit Type 6 Beds Total: 2
  • Unit Type 6 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 6 Rent: $1,300
  • Unit Type 6 SqFt: 933.0
  • Unit Type 6 Units Total: 2
Unit 7 Information
  • Unit Type 7 Baths Total: 2
  • Unit Type 7 Beds Total: 2
  • Unit Type 7 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 7 Rent: $1,226
  • Unit Type 7 SqFt: 933
  • Unit Type 7 Units Total: 3
Unit 8 Information
  • Unit Type 8 Baths Total: 1
  • Unit Type 8 Beds Total: 2
  • Unit Type 8 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 8 Rent: $1,225
  • Unit Type 8 SqFt: 900.0
  • Unit Type 8 Units Total: 2
Unit 9 Information
  • Unit Type 9 Baths Total: 1
  • Unit Type 9 Beds Total: 2
  • Unit Type 9 Features: Dishwasher, Range, Refrigerator, Window Coverings
  • Unit Type 9 Rent: $1,032
  • Unit Type 9 SqFt: 800.0
  • Unit Type 9 Units Total: 2
Unit 10 Information
  • Unit Type 10 Baths Total: 1
  • Unit Type 10 Beds Total: 1
  • Unit Type 10 Features: Range, Refrigerator, Window Coverings
  • Unit Type 10 Rent: $950
  • Unit Type 10 SqFt: 500.0
  • Unit Type 10 Units Total: 1

Schools near 14937 Southeast Stark Street

This home is within Reynolds School District 7.
Rating
School
Type
Grades
Distance
Glenfair Elementary School
Public - K to 5
Hauton B Lee Middle School
Public - 6 to 8
Reynolds High School
Public - 9 to 12
Four Corners School
Public - K to 12
Rating
School
Distance
Glenfair Elementary School
PublicK to 5

Hauton B Lee Middle School
Public6 to 8

Reynolds High School
Public9 to 12

Four Corners School
PublicK to 12

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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More information about 14937 Southeast Stark Street, Portland, OR 97233

14937 Southeast Stark Street is a multi-family home for sale in Portland, OR 97233. This property was listed for sale on June 12, 2024 by RE/MAX Equity Group, it's currently listed at $2,600,000. This listing's school district is Reynolds School District 7. Nearby schools include Glenfair Elementary School, Hauton B Lee Middle School and Reynolds High School. 14937 Southeast Stark Street is a 0-bed, 0-bath, 14,080 sqft multi-family home built in 2005.

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 RE/MAX Equity Group

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: 08/04/2024 06:15 PM