Equity Pacific is pleased to announce the sale of the very attractive 5-Plex located at 1704 - 1720 SE Lexington Street in the Sellwood Neighborhood of close-in SE Portland, Oregon which closed for $1,025,000.
Built 1949 this property features brick and cedar siding, newer energy-efficient windows and a pitched comp roof. The apartments comprise one Studio Loft of approximately 700 SF, three (3) 1BR/1BA apartments between approximately 600 and 750 square feet, and one (1) Studio apartment of approximately 690 square feet.
All of the units feature updated interiors, and the majority of the units feature hardwood floors, tiled baths and dishwashers. Four apartments feature natural gas heat with their own individual gas furnaces in the basement, and the Studio is all electric. There is also coin-op laundry and storage units in the basement. Tenants enjoy outdoor space, including a lawn, stone patio and attractive landscaping. There is also a double car garage that generates additional income. The Sellwood 5-Plex is located in the heart of Sellwood, within close walking distance to popular restaurants, bars, retail shopping and Westmoreland Park.
Jason Waxberg represented the seller to the transaction.
1704 - 1720 SE Lexington Street, Portland, Oregon 97202