Equity Pacific is pleased to announce the sale of the Golden Key Manor located at 1726-1744 NE Hancock Street in Portland, Oregon which has sold for $2,150,000 ($215,000 per unit and $234 per SF).
Golden Key Manor is a beautifully maintained pride-of-ownership 10-unit complex built in 1966, and comprised of four (4) 1BD/1BA flats between approximately 700-725 square feet, four (4) 2BD/1BA flats of approximately 890 square feet, and two (2) 3BD/1BA flats of approximately 1,000 square feet. A majority of the units have been upgraded with flooring, tile baths, backsplashes, hardware and cabinetry. The property is wood-frame construction with pitched composition shingle roofing and newer vinyl windows throughout. The property includes a large basement space with individual storage units and laundry machines for tenant usage. There are also 10 off-street parking spaces.
Golden Key Manor is located in the close-in NE Portland Irvington District with easy access to downtown Portland, bus lines, I-84 & MAX light rail. This area is adjacent to other highly desirable neighborhoods such as Lloyd, Sullivan’s Gulch and Hollywood, and within walking distance to dining, shopping, and other entertainment.
Chuck Brazer represented both the seller and the buyer to the transaction.
1726-1744 NE Hancock St, Portland, Oregon 97212