MLS# 22390670 – 7206 N Saint Louis Ave, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

7 Units

Status: Active

Year Built: 2022

Neighborhood: Cathedral Park

Days on Website: 704

Diversify your investment portfolio in one pkg w/this rare opportunity to own 7 units with; 6 new construction condos + a detached house!New construction units feat high-end quality finishes throughout the light&bright open concept flrpln from the beautiful kitch w/custom cabs,slab counters,SS apps to the neutral tones, tasteful tile &great variety of well performing 0-3 bed units!Detached 2bed home w/basement provides tons of storage&comfortable living! 94 BikeScore/91 WalkScore in hot N PDX!

Property Details and Features

Building

Building Area Total:

4416

Built in 2022

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Cooling

Cooling:

Other

Expenses

Operating Expense:

$29,228

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

5.27

Gross Income:

$129,262

Gross Rent Multiplier:

14.69

Net Operating Income:

$100,034

Listing

Contract Status Change Date:

2022-05-23

Days On Market:

703

Last Transaction Date:

2023-12-19 14:23:36

List Price:

$1,899,000

Listing Contract Date:

2022-05-23

Listing Id:

22390670

Mls Status:

Active

Modification Timestamp:

2023-12-19 14:23:36

On Market Date:

2022-05-23

Previous List Price:

$1,999,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

CATHEDRAL PARK

County Or Parish:

Multnomah

Lot

Features:

CornerLot

Size Range:

SqFt5000to6999

Size:

5,000 to 6,999 SqFt

Property

Number Of Units Total:

Property Condition:

NewConstruction

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

George

Elementary School:

James John

Sewer

Sewer:

PublicSewer

Taxes

Legal Description

Tax Year:

2021

Unit One

Actual Rent:

$1,145

Area:

418

Units Total:

1 total bathroom

Unit Two

Actual Rent:

$1,795

Area:

794

Units Total:

1 total bathroom

3 total bedroom

Unit Three

Actual Rent:

$1,425

Area:

635

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,425

Area:

533

Units Total:

1 total bathroom

1 total bedroom

Unit Five

Actual Rent:

$2,195

Area:

868

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,899,000 -

7206 N Saint Louis Ave Portland , OR 97203

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 26, 2024 3:50AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.