8541 NE Russell St - Apartments FOR SALE


Portland, OR 97220- Madison South
$650,000 USD
8541 NE Russell St, Portland, OR for Sale
$650,000 USD
Apartments - FOR SALE
1/5
null | 5.82% Cap Rate

8541 NE Russell St
Portland, OR 97220
Madison South


OVERVIEW

Welcome to the charming Russell Street triplex within a community of 3 and 4 unit properties. With an HOA in place that covers management, basic landscaping, and trash service, many of the expenses are streamlined for owners. Consisting of (2) 2-bedroom, 1.5 bathroom units, (1) 2 bedroom + Den, 1 bath unit, and 4 garages, this triplex is a great property for investors and owner-occupiers alike. The property offers convenience and comfort for small families or roommates. With approximately 950 sq ft of space, forced air heating, and an attached garage for parking, these units have everything tenants need within a quaint, quiet community. Plus, you’ll love the easy access to MAX, bus lines, and freeways from this super convenient location!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

5.82%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R211195

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

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

Research In ProgressResearch In ProgressMore Info

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