• DESCRIPTION

    Great multifamily investment opportunity near the hot Woodstock Strip in SE Portland. Property features a desirable mix of renovated 8 two-bed one bath and 8 one-bed one bath units. The copper plumbed building has had extensive capital improvements including a new roof, newly sealed/stripped parking lot, vinyl windows, and the building was recently painted. Current 5.68% Cap Rate.

    KEY DETAILS
    • Price:
    • $2,600,000
    • Bedrooms:
    • 6
    • Square Footage:
    • 12,300
    • Acreage:
    • n/a
    • Year Built:
    • 1966
    • MLS #:
    • 19017350
    • Street Address:
    • 5235 Se Lambert St
    • City:
    • Portland
    • State:
    • OR
    • Postal Code:
    • 97206
    • County:
    • Multnomah
    • Area:
    • Portland Southeast
    • Subdivision:
    • Brentwood - Darlington
    • Listing Status:
    • For Sale - Pending

    Building

    • Building Condition:
    • Existing
    • Building Security:
    • Sidewalk, Security System Owned
    • Foundation:
    • Slab
    • Rent Includes:
    • Trash Collection, Sewer, Water
    • Siding:
    • Block
    • Stories:
    • 2
    • Total Building Square Footage:
    • 12300
    • Type Of Roof:
    • Flat
    • Unit 1 - Square Footage Available:
    • 825
    • Unit 1 - Square Footage Available:
    • 625
    • Unit 1 Monthly Rent:
    • 975
    • Unit 2 - Square Footage Available:
    • 725
    • Unit 2 Monthly Rent:
    • 1016
    • Unit 3 Monthly Rent:
    • 1170
    • Unit 4 - Square Footage Available:
    • 825
    • Unit 4 Monthly Rent:
    • 1296
    • Unit Features:
    • Dishwasher, Range, Refrigerator
    • Unit1 Bathrooms:
    • 1
    • Unit1 Bedrooms:
    • 1
    • Unit1 Features:
    • Range, Refrigerator
    • Unit2 Bathrooms:
    • 1
    • Unit2 Bedrooms:
    • 1
    • Unit2 Features:
    • Range, Refrigerator
    • Unit3 Bathrooms:
    • 1
    • Unit3 Bedrooms:
    • 2
    • Unit3 Features:
    • Range, Refrigerator
    • Unit4 Bathrooms:
    • 1
    • Unit4 Bedrooms:
    • 2
    • Unit4 Features:
    • Dishwasher, Range, Refrigerator
    • View:
    • City
    • Year Built:
    • 1966

    Business

    • Adjusted Gross Income:
    • 214312
    • Net Operating Income:
    • 147726

    Land

    • Conforms To Zoning:
    • R2/Cm1
    • Lot Description:
    • Corner Lot, Level
    • Lot Size:
    • 20, 000 Sqft To .99 Acres

    Listing

    • Community Features:
    • Laundry
    • Days On Market:
    • 285
    • Legal Description:
    • Darlington, Block 8, Lot 5-8, Lot 39-41
    • List Date:
    • 2019-10-02
    • Terms:
    • Assumable, Call Listing Agent, Cash, Conventional

    Money

    • Property Taxes:
    • $18,133
    • Tax Year:
    • 2019

    Structures

    • Parking Description:
    • Assigned, Paved

    Systems

    • Heating Description:
    • Baseboard
    • Heating Fuel:
    • Electricity
    • Sewage Type:
    • Public Sewer
    • Water Heater:
    • Electricity, Tank

    Water

    • Water Amenities:
    • Public

    Source

    • Listing Provided By Roffman Real Estate Investments

      All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 7/14/2020 10:25 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


      ORREG
    School data provided by
    GreatSchools
    REQUEST SHOWING
    SCHOOL RATINGS
    8

    LEWIS ELEMENTARY SCHOOL
    Middle School
    Public

    9

    SELLWOOD MIDDLE SCHOOL
    Middle School
    Public

    6

    CLEVELAND HIGH SCHOOL
    High School
    Public

    NOTES

    No notes have been added for this home.

    CONTACT AN AGENT

    SCORECARD

    0
    PROS
    0
    CONS
    Condition
    Location
    Nearby
    Schools
    Taxes
  • Add Note
  • Add to Notebook
  • Share