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26753018
26753019

325 S Idaho St, Portland, OR 97239

JC
OR 200606025
Kidder Mathews Portland
Kidder Mathews Portland
Listed by Kidder Mathews Portland
$845,000
280 days on market
Updated 6 days ago

Spud Duplex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,184
Net Rentable (SqFt) 2,184
Units 2
Cap Rate 6.08%
NOI $51,393
Occupancy 100%
Pro-Forma Cap Rate 6.52%
Pro-Forma NOI $55,074
Price per SqFt $387
Class B
Year Built 2024
Buildings 1
Stories 2
Investment Type Stabilized
Ground Lease No

Newly built duplex in the heart of John's Landing!

Marketing description

PRICE REDUCED!

Built in 2024, the Spud Duplex consists of one 2-bed/2-bath unit and one 3-bed/ 2-bath unit totaling 2,184 SF. The property is perfect for an owner-occupier or an investor looking to lease a quality asset with future rental upside.

The property is located in the heart of the popular Johns Landing neighborhood in South Portland, just minutes from downtown. Location is key for this property as it is centrally-positioned in close-in South Portland, near South Waterfront and Goose Hollow, OHSU, and downtown Portland’s CBD. This area is highly walkable and bikeable. Nestled near parks, trails, and local eateries, this South Portland location is minutes from downtown Portland and combines urban convenience with a peaceful neighborhood feel, ideal for work-life balance.

Investment highlights

PRICE REDUCED!

Built in 2024, Spud offers modern construction and minimal immediate maintenance needs, ideal for upscale rentals or owner-occupancy.

Turn-key opportunity with spacious townhouses featuring modern amenities and finishes.

Situated in the Johns Landing area, providing easy access to downtown Portland, I-5, OR 43 (S Macadam Ave) & OR 99W (SW Barbur Blvd).

Walk score of 79 and a bike score of 83, signifying a highly-walkable and bikeable neighborhood with proximity to parks, schools, downtown Portland and other amenities.

Located near PSU and OHSU ensures continued tenant demand, appealing to students, staff, and professionals.

Nearby grocers, restaurants, cafes, and retailers within minutes of the property; Macadam Market and Macadam Village are less than 0.5 miles away.

Blocks from Willamette Park, a 26-acre waterfront park with a boat dock and ramp, over 40-miles of trails, playground, soccer field, and tennis courts.

Minutes from Sellwood, Lake Oswego, and Milwaukie, offering an suburban feel with easy access to the offerings of the city, yet also allowing a peaceful space to relax.

Listing Contacts

JC
OR 200606025
Kidder Mathews Portland
Kidder Mathews Portland
Listed by Kidder Mathews Portland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,393.00
$4,282.75/mo

Valuation Metrics

0
DSCR
6.08%
Cap Rate
6.08%
ROI

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