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Lafayette 5-Unit

Lafayette 5-Unit

https://www.josephbernard.net/lafayette-5-unit
Address:
5223 SE Lafayette Street, Portland, Oregon 97206
Price:
$599,000
Units:
5
Price per unit:
$119,800
Cap Rate:
5.56%
Year Built:
1969

Highlights

  • New Roof
  • On-Site Laundry & Off-Street Parking
  • Attached Garages
  • Little to No Deferred Maintenance
  • 4 Townhouse Style Units, 1 Flat Style Unit
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Lafayette 5-Unit

Summary

This great fiveplex is located just off of Powell Blvd in Southeast Portland. It is within walking distance of public transit, shopping and restaurants. The property features 4 townhouse units, and 1 flat style unit. This property also provides attached garages and off-street parking for the tenants. This well-maintained fiveplex is perfect for new or experienced investors. 

Highlights

  • New Roof
  • On-Site Laundry & Off-Street Parking
  • Attached Garages
  • Little to No Deferred Maintenance
  • 4 Townhouse Style Units, 1 Flat Style Unit
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Lafayette 5-Unit

Southeast Portland stretches from the warehouses along the Willamette through historic Ladd's Addition to the Hawthorne and Belmont districts out to Gresham. Southeast Portland has blue-collar roots and has evolved to encompass a wide mix of backgrounds. The Hawthorne district in particular is known for its hippie/radical crowd and small subculturally oriented shops; not far away is Reed College, whose campus expands from Woodstock Boulevard to Steele Street, and from the 28th to the 39th Avenues.

Between the 1920s and the 1960s, Southeast was home to Lambert Gardens. Southeast Portland also features Mt. Tabor, a cinder cone volcano that has become one of Portland's more scenic and popular parks. Peacock Lane is a street known locally for lavish Christmas decorations and displays.

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Lafayette 5-Unit

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Lafayette 5-Unit

Document Title Document Type
Property Flyer Adobe PDF
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Lafayette 5-Unit

Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax