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31828283
31828300

3424 SE 10TH AVE, Portland, OR 97202

SO
OR 201209382
LUXE | FORBES GLOBAL PROPERTIES
Listed by LUXE | FORBES GLOBAL PROPERTIES
$785,000
42 days on market
Updated 42 days ago

3424 SE 10TH AVE

Details
APN R228600
Property Type Multifamily
Square Footage 2,201
Units 4
Cap Rate 5.03%
NOI $39,501
Occupancy 100%
Tenancy Multi
Class B
Year Built 1909
Buildings 1
Stories 3
Acreage 0.090
Zoning R2.5
Investment Type Stabilized

his charming property blends timeless architecture with investment appeal

Marketing description

Well-maintained and thoughtfully cared for Dutch Colonial-style fourplex in SE Portland's sought-after Brooklyn neighborhood—just one block from Brooklyn Park. This charming property blends timeless architecture with investment appeal, featuring period-appropriate details throughout all units. The versatile unit mix includes two spacious 2 bed/1 bath apartments and two efficient studio + 1 bath apartments. Walk Score of 89 and Bike Score of 93 underscore the unbeatable location—close to local shops, restaurants, and neighborhood favorites. The property includes an unfinished basement with laundry hookups and ample storage potential. With long-term ownership and a history of low vacancy rates, this is a rare opportunity to own a character-rich income property in one of Portland's most walkable and bikeable communities. Buyer to verify all information and conduct their own due diligence. No showings, all offers subject to interior inspection do not disturb tenants!

Investment highlights

  • Well-maintained and thoughtfully cared for Dutch Colonial-style fourplex
  • One block from Brooklyn Park
  • Period-appropriate details throughout all units
  • Walk Score of 89 and Bike Score of 93
  • Unfinished basement with laundry hookups and ample storage potential
  • Long-term ownership and a history of low vacancy rates

Listing Contacts

SO
OR 201209382
LUXE | FORBES GLOBAL PROPERTIES
Listed by LUXE | FORBES GLOBAL PROPERTIES

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,501.00
$3,291.75/mo

Valuation Metrics

0
DSCR
5.03%
Cap Rate
5.03%
ROI

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Additional Information

Name
Steve Odermann
License
201209382
Brokerage
LUXE | FORBES GLOBAL PROPERTIES
Brokerage Phone
503-389-2112
Title
Broker
Brokerage Address
159 A Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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