Just Listed$1,995,000 Foster-Powell
11-Unit Investment Assemblage on SE 52nd
3823 SE 52nd Ave
Turnkey 11-unit investment in SE Portland: a three-story 8-plex, stand-alone SFR, and side-by-side duplex on one 0.43-acre lot. 100% occupied with a diverse 1BR/2BR/3BR unit mix and in-place gross income of $208,440.
- ·11 units · 8-plex + stand-alone SFR + side-by-side duplex
- ·Built 1955 · remodeled 2024 · R2 zoning · 7,001 sq ft on 18,511 sq ft lot
- ·100% occupied · unit mix includes 1BR, 2BR, and 3BR units
- ·Actual gross income: $208,440 · Pro forma: $216,496
- ·Actual NOI: $134,299 · Pro forma NOI: $148,534
- ·Actual cap rate: 6.73% · Pro forma cap rate: 6.90%
- ·Asking price: $1,995,000 ($181,364/unit)
- ·Front & rear parking · on-site laundry · storage income potential
- ·Foster-Powell corridor with easy access to downtown, Reed College, and Division St
18 11 7,001 sqft
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