11050 NE Glisan St - Apartments FOR SALE


Portland, OR 97220- Gateway
$560,000 USD
503-538-4531
11050 NE Glisan St, Portland, OR for Sale
$560,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

11050 NE Glisan St
Portland, OR 97220
Gateway


OVERVIEW

Prime investment opportunity! This triplex features three spacious units, each offering 2 bedrooms, 1 bathroom, and 808 sq. ft. of living space. The interiors boast hardwood floors in the main living areas and durable vinyl flooring in the kitchens and laundry rooms. Situated on a generous 0.28-acre lot, this property is zoned RM1, offering potential for additional units-Buyer to do own due diligence. All units are currently rented, with tenants expressing a desire to remain. The exterior is freshly painted and a new back fence installed was in summer 2024. Units 11052 and 11054 include all appliances (washer/dryer, fridge & range). Unit 11050 appliances are tenant-owned. Water, sewer, and waste removal included in rental income. Please Note: For the privacy of tenants, showings are available only with an accepted offer. Please do not walk the property or disturb the occupants. This is a fantastic opportunity for savvy investors seeking stable rental income with potential for growth.

FOR SALE DETAILS

PRICE

$560,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

3

PRICE/UNIT

$186,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

N/Av

APN/PARCEL ID

R161811

ASK ABOUT THIS PROPERTY

Kelly HagglundThe Kelly Group Real EstateMore Info
503-538-4531

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Kelly HagglundThe Kelly Group Real EstateMore Info
503-538-4531

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.