REED COLLEGE AREA 10-PLEX

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PROPERTY OVERVIEW

Equity Pacific is please to announce the sale of this single level 10-Unit property located at 4522 – 4624 SE 29th Avenue in Portland, Oregon for $1,850,000 or $185,000 per unit and $221 PSF.

The 10 units comprise five duplex buildings, spread across three separate tax lots. All of the buildings have been recently improved with new pitched composition shingle roofs, fiber cement siding, new sewer lines, energy-efficient windows and doors, and all 10 units have new electrical panels just recently installed in 2018.

There are Nine (9) 2BR/1BA units and one (1) 1BR/1BA unit, and each apartment features its own private entry way and garden area, fenced for privacy. There is open, off-street asphalt parking. Due to its strong location, the 2BR apartments have been turning over at $1,495 per month. This is a turn-key investment property with rent upside in a high demand, close-in SE Portland location less than a mile from Reed College.

Jason Waxberg represented the Seller, and Chuck Brazer represented the Buyer.
 

4522 - 4624 SE 29th Avenue, Portland, Oregon 97202