1501 Southeast Oak Street

Portland, OR 97214

$2,295,000
Price
—
Beds
8,334 Sq. Ft.
$275 / Sq. Ft.
8,334
Sq. Ft.
$275
per Sq. Ft.

Description

Incredible investment opportunity - Classic 9 unit building in Portland’s vibrant Buckman neighborhood! Filled with vintage Portland charm, this brick building sits up off the street with a serene courtyard entry and tuck under garages for each unit! Fully rented with eight 2 bed/1 bath units, one 1 bedroom unit, and a full basement complete with laundry, bike storage, and separate tenant storage! Classic hardwood floors, great layout, meticulously maintained and great rents! Perfect location in...Incredible investment opportunity - Classic 9 unit building in Portland’s vibrant Buckman neighborhood! Filled with vintage Portland charm, this brick building sits up off the street with a serene courtyard entry and tuck under garages for each unit! Fully rented with eight 2 bed/1 bath units, one 1 bedroom unit, and a full basement complete with laundry, bike storage, and separate tenant storage! Classic hardwood floors, great layout, meticulously maintained and great rents! Perfect location in the heart of Portland's East side- walk score of 96 and bike score of 95! Super convenient, close to shops, pubs, restaurants, transit, and more!
  1. Listed by Tom Ramsey • John L Scott Portland SW

Property Details for 1501 Southeast Oak Street

Subdivision
BUCKMAN
Parking Features
Garage
Zoning
r1
Garage Spaces
9.00
LISTING UPDATED: 12/13/2024 02:22 PM

Property Details for 1501 Southeast Oak Street

StatusActive
MLS #24669471
Days on Market4
Taxes$15,147 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1954
Lot Size0.23 AC / 10,018 SF
CountyMultnomah County

Building Information for 1501 Southeast Oak Street

Stories2Residences9Year Built1954Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 1501 Southeast Oak Street

Summary
Location and General Information
  • Country: US
  • Directions: Stark to 15th, N to property
  • Road Surface: Paved
School Information
  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford
Taxes and HOA
  • Management Name: Pure Property management
  • Tax Year: 2024
  • Tax Annual Amount: $15,146.52
  • Parcel Number: R100745
  • Tax Legal Description: AIKENS, BLOCK 320, LOT 3&4
Property
Lot Information
  • Acres: 0.23
  • Lot Description: Level
  • Lot Size Square Feet: 10018.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1954
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick
  • Roof Type: Composition
Interior Features
  • Basement: Full Basement
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
  • Gross Income Actual: $156,288.00
  • Gross Rent Multiplier: $14.68
  • Net Income Actual: $93,209.00
  • Operating Expense: $63,080.00
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, 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: All Landscaping
  • SqFt Approximate Building Total: 8334
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 1 Rent: $1,595
  • Unit Type 1 SqFt: 850.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 2 Rent: $1,471
  • Unit Type 2 SqFt: 850.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 3 Rent: $1,295
  • Unit Type 3 SqFt: 850.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 4 Rent: $1,550
  • Unit Type 4 SqFt: 850
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Deck, Hardwood Floors, Refrigerator
  • Unit Type 5 Rent: $1,595
  • Unit Type 5 SqFt: 850.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 2
  • Unit Type 6 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 6 Rent: $1,295
  • Unit Type 6 SqFt: 850.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Baths Decimal: 1.00
  • Unit Type 7 Beds Total: 2
  • Unit Type 7 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 7 Rent: $1,700
  • Unit Type 7 SqFt: 850
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 1
  • Unit Type 8 Baths Decimal: 1.00
  • Unit Type 8 Beds Total: 2
  • Unit Type 8 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 8 Rent: $1,515
  • Unit Type 8 SqFt: 850.0
  • Unit Type 8 Units Total: 1
Unit 9 Information
  • Unit Type 9 Baths Total: 1
  • Unit Type 9 Baths Decimal: 1.00
  • Unit Type 9 Beds Total: 1
  • Unit Type 9 Features: Range, Refrigerator
  • Unit Type 9 Rent: $1,255
  • Unit Type 9 SqFt: 700.0
  • Unit Type 9 Units Total: 1

Public Records for 1501 Southeast Oak Street

Taxable ValueLand-Additions-Total-
Tax Record2017$11,514 ($960 / month)
Home Facts
Baths9Above Grade Finished SqFt5,884 SqFtFinished Basement SqFt525 SqFtUnfinished Basement SqFt1,830 SqFtStories1Lot Size10,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1954Year Renovated1954ZoningR1CountyMULTNOMAHAPNR100745

Schools near 1501 Southeast Oak Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Buckman Elementary School
Public - K to 5
Hosford Middle School
Public - 6 to 8
Cleveland High School
Public - 9 to 12
Le Monde French Immersion Public Charter School
Charter - K to 8
Rating
School
Distance
Buckman Elementary School
PublicK to 5

Hosford Middle School
Public6 to 8

Cleveland High School
Public9 to 12

Le Monde French Immersion Public Charter School
CharterK to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Buckman

Neighborhoods

Cities

ZIPs

More information about 1501 Southeast Oak Street, Portland, OR 97214

1501 Southeast Oak Street is a multi-family home for sale in Portland, OR 97214. This property was listed for sale on December 13, 2024 by John L Scott Portland SW, it's currently listed at $2,295,000. This listing's school district is Portland School District 1j. Nearby schools include Buckman Elementary School, Hosford Middle School and Cleveland High School. 1501 Southeast Oak Street is a 0-bed, 0-bath, 8,334 sqft multi-family home built in 1954.

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 John L Scott Portland SW

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: 12/13/2024 02:22 PM