8128 Northeast Beech Street

Portland, OR 97213

$849,900
Price
—
Beds
3,984 Sq. Ft.
$213 / Sq. Ft.
3,984
Sq. Ft.
$213
per Sq. Ft.

Description

This well-maintained 4-plex offers a solid 5.72% CAP Rate and a 12.21 GRM, with significant potential for financial growth. Minor cosmetic upgrades could unlock higher market rents, maximizing your returns. The property features a 5-year-old roof, minimizing immediate maintenance costs. Strategically located on a bus line, this property appeals to tenants seeking convenience, with restaurants, coffee shops, shopping, schools, and parks all within half a mile. One unit boasts private laundry, while...This well-maintained 4-plex offers a solid 5.72% CAP Rate and a 12.21 GRM, with significant potential for financial growth. Minor cosmetic upgrades could unlock higher market rents, maximizing your returns. The property features a 5-year-old roof, minimizing immediate maintenance costs. Strategically located on a bus line, this property appeals to tenants seeking convenience, with restaurants, coffee shops, shopping, schools, and parks all within half a mile. One unit boasts private laundry, while the remaining three units share a well-equipped laundry room. A fantastic opportunity to capitalize on Portland’s thriving rental market!
  1. Listed by Marshall Rosario • MORE Realty • 971-645-6977
  2. Listed by Vishwa Jogurupati • MORE Realty

Property Details for 8128 Northeast Beech Street

Subdivision
MADISON SOUTH
Parking Features
Driveway, Garage
Zoning
RM1
View
Territorial
Garage Spaces
1.00
Parking Total
6.00
LISTING UPDATED: 12/19/2024 03:27 PM

Property Details for 8128 Northeast Beech Street

StatusActive
MLS #24345569
Days on Market2
Taxes$11,580 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1954
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County

Building Information for 8128 Northeast Beech Street

Stories2Residences4Year Built1954Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 8128 Northeast Beech Street

Summary
Location and General Information
  • Country: US
  • Directions: N on 82nd, Left on NE BEECH, on the left corner
School Information
  • Elementary School: Jason Lee
  • High School: Leodis Mc Daniel
  • Middle Or Junior School: Roseway Heights
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $11,580.28
  • Parcel Number: R300343
  • Tax Legal Description: WELLESLEY, BLOCK 3, LOT 1&2 EXC PT IN ST
Property
Lot Information
  • Acres: 0.12
  • Lot Description: Corner Lot, Level
  • Lot Size Square Feet: 5227.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1954
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater, Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Lap Siding
  • Roof Type: Shingle
Interior Features
  • Basement: Unfinished
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $69,607.00
  • Gross Income Projected: $82,200.00
  • Gross Rent Multiplier: $12.21
  • Investor Information: According To Owner, Annual Property Operation Data, Profit Loss Statement
  • Net Income Actual: $48,606.00
  • Net Income Projected: 58200
  • Operating Expenses Projected: $24,000.00
  • Operating Expense: $21,001.00
  • Security Features: Sidewalk
  • Storage: Basement, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • SqFt Approximate Building Total: 3984
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $1,300
  • Unit Type 1 SqFt: 996.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $1,480
  • Unit Type 2 SqFt: 996.0
  • 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: Range, Refrigerator
  • Unit Type 3 Rent: $1,900
  • Unit Type 3 SqFt: 996.0
  • Unit Type 3 Units Total: 1

Schools near 8128 Northeast Beech Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Lee Elementary School
Public - K to 5
Roseway Heights School
Public - 6 to 8
Leodis V. McDaniel High School
Public - 9 to 12
Alliance High School
Public - 9 to 12
Rating
School
Distance
Lee Elementary School
PublicK to 5

Roseway Heights School
Public6 to 8

Leodis V. McDaniel High School
Public9 to 12

Alliance High School
Public9 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 8128 Northeast Beech Street, Portland, OR 97213

8128 Northeast Beech Street is a multi-family home for sale in Portland, OR 97213. This property was listed for sale on December 19, 2024 by MORE Realty, it's currently listed at $849,900. This listing's school district is Portland School District 1j. Nearby schools include Lee Elementary School, Roseway Heights School and Leodis V. McDaniel High School. 8128 Northeast Beech Street is a 0-bed, 0-bath, 3,984 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 MORE Realty

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