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5223 SE Lafayette

Multifamily | 5 Units | $284,000/unit

Listing Contacts

Active

Asking Price: $1,420,000
Address 

5223 SE Lafayette St, Portland, OR 97206

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Date Added
Apr 5, 2025
Days on Market
38 days
Time Since Last Update
38 days

Details

Property TypeMultifamily
SubtypeApartment Building
Net Rentable (sq ft)3,683
Cap Rate5.00%
Occupancy100%
NOI$71,000
Pro-Forma NOI$78,344
Units5
Year Built1969
Stories2
ZoningCM2
Lot Size (acres)12
Parking (spaces)3
Price/Unit$284,000
Ground LeaseNo
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Marketing Description

This one has legs! Terrific Foster/Powell location.​ Four townhouse style units and one single level unit.​ Townhouse style units have been professionally remodeled.​ Kitchens feature granite counter tops, new cabinets, new appliances.​ Living room floors are either engineered wood or oak flooring.​ New carpet on the upper level.​ Bathrooms with subway tile and new fixtures.​ Two units have a private backyard.​ The one level unit has a private patio.​ Solid tenants with room to improve rents.​ This building is a long-term hold with potential to build cash flow and equity.​ Fully occupied.​ Please do not disturb tenants.​ Offer contingent on interior inspection.​ No sign at the property.​ Seller is a licensed agent in another state.​ A perfect property to start your investment portfolio or build your assets.​

Investment Highlights

100% occupied.

Interior upgrades completed.

Popular Foster/Powell location in the heart of amenities and on bus lines.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,000.00
$5,916.67/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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