2315 N Lombard St - Apartments FOR SALE


Portland, OR 97217- Kenton
$865,000 USD
503-810-2219
2315 N Lombard St, Portland, OR for Sale
$865,000 USD
Apartments - FOR SALE
1/12
null | 6.24% Cap Rate

2315 N Lombard St
Portland, OR 97217
Kenton


HIGHLIGHTS

  • Well maintained building in the Kenton Neighborhood
  • Off Street Parking
  • In unit laundry

OVERVIEW

A standout opportunity in the heart of North Portland’s sought-after Kenton neighborhood, this well-maintained 4-plex offers the perfect combination of location, versatility, and investment potential. Built in 1996, the property features four spacious units with open, functional floor plans, including (2) 2-bedroom, 1-bath units and (2) 1-bedroom, 1-bath units. Each residence has its own covered front porch or deck, creating a welcoming sense of privacy and outdoor space. The property is currently occupied by long-term, stable tenants, offering an established rental history and added appeal for investors seeking an income-producing property. Around back, a paved and fully fenced parking area provides dedicated off-street parking for four vehicles, a huge bonus in this popular neighborhood. The building’s nicely kept condition makes this an appealing option for investors looking to add a strong multifamily property to their portfolio or an owner-occupant ready to live in one unit while generating income from the others. Just six blocks from downtown Kenton and close to neighborhood restaurants, shops, parks, and everyday amenities, this is a fantastic chance to own a multifamily property in one of North Portland’s most vibrant and desirable communities.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

4

PRICE/UNIT

$216,250

CAP RATE

6.24%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R1 - City of Portland

APN/PARCEL ID

R224244

ASK ABOUT THIS PROPERTY

Brian PorterOpt Real EstateMore Info
503-810-2219

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Brian PorterOpt Real EstateMore Info
503-810-2219

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