4907 N Maryland Ave - Apartments FOR SALE


Portland, OR 97217- Humboldt
$650,000 USD
503-720-8147
4907 N Maryland Ave, Portland, OR for Sale
$650,000 USD
Apartments - FOR SALE
1/2
null | 5.56% Cap Rate

4907 N Maryland Ave
Portland, OR 97217
Humboldt


HIGHLIGHTS

  • Turn-key opportunity with rental upside
  • Highly sought after tri-plex in N Portland's Overlook neighborhood
  • Dedicated off-street parking
  • Washer/dryer hookups
  • Transit oriented location; blocks from light rail & Interstate 5 freeway access
  • CM3 zoning, allowing high-density development

OVERVIEW

Built in 1944, the N Maryland Tri-Plex consists of three single-level one-bed/one-bath units with dedicated parking and period charm. Located in the Overlook neighborhood of N Portland, all units feature washer/ dryer hookups, a unique feature for buildings of this age, hardwood floors, updated bathrooms, and a back patio. Just one block from N Interstate Ave, home to Portland’s award-winning MAX light rail train, this neighborhood is highly sought after for its transit-oriented layout and location. The property is zoned Commercial Mixed Use 3 (CM3), with the potential to acquire the neighboring tri-plex allowing for high-density development in the future.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

N Maryland Ave 3-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

cm3

APN/PARCEL ID

R210452

ASK ABOUT THIS PROPERTY

Jordan CarterKidder MathewsMore Info
503-720-8147

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Jordan CarterKidder MathewsMore Info
503-720-8147

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