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NW 18th Triplex

NW 18th Triplex

https://www.josephbernard.net/nw-18th-triplex
Address:
525-529 NW 18th Ave, Portland, Oregon 97209
Price:
$1,270,000
Units:
3
Price per unit:
$423,333
Cap Rate:
14.89 (GRM)
Year Built:
1979

Highlights

  • Low and realistic expenses for urban triplex
  • Highly desirable, walkable location
  • Washer/dryer in each unit
  • Off-street, on-site parking
  • Approximately $60,000 of upgrades to 3 BD unit
  • Nearly $20,000 of exterior upgrades (paint, landscaping, etc.)
  • Turnkey property with all major systems in good condition
  • One vacant unit - opportunity for owner occupant
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NW 18th Triplex

Summary

This centrally located triplex on NW 18th and Hoyt is the perfect place for an investor or owner to acquire a piece of Portland’s perennially popular Alphabet District, near Couch Park, trendy 23rd Avenue and the Pearl District. The property consists of 2, two-bedroom units and 1, three-bedroom unit, each with a washer & dryer. Secluded off the main street, private parking is available for each unit, and there is a shared Japanese garden in the yard. Units have all undergone updates, with the large three-bedroom unit receiving updated hardwoods, new carpet, a luxury kitchen with SS appliances, remodeled bathrooms and more. Don’t miss out on this opportunity to own a great investment property in the heart of one of Portland’s most popular and walkable neighborhoods.

Highlights

  • Low and realistic expenses for urban triplex
  • Highly desirable, walkable location
  • Washer/dryer in each unit
  • Off-street, on-site parking
  • Approximately $60,000 of upgrades to 3 BD unit
  • Nearly $20,000 of exterior upgrades (paint, landscaping, etc.)
  • Turnkey property with all major systems in good condition
  • One vacant unit - opportunity for owner occupant
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NW 18th Triplex

NW 18th Ave/NW Hoyt St

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NW 18th Triplex

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NW 18th Triplex

Document Title Document Type
Property Flyer Adobe PDF
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NW 18th Triplex

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