Kotohomes Logo
Kotohomes partnered with:
The Register-Guard
For Sale For Rent
Advertise
photo 1
bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
14,080
acreage
Acreage
0.73
open houses
Open Houses
-
year built
year built
2005
full baths
Full Baths
0
half baths
Half Baths
0
Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
Location
Subdivision GLENFAIR
County Multnomah
Elementary School Glenfair
Middle School H.B. Lee
High School Reynolds
open houses Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Wayne Sanman, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 24056070
Listing agent: Wayne Sanman
Listing broker: Re/Max Equity Group (503) 670-3000
Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Wednesday, February 19 2025 at 5:19 p.m. EST
Kotohomes National