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Portsmouth Ave 8-Plex

Portsmouth Ave 8-Plex

https://www.josephbernard.net/portsmouth-ave-8-plex
Address:
7816 N Portsmouth Ave, Portland, Oregon 97203
Price:
$820,000
Units:
8
Price per unit:
$102,500
Cap Rate:
6.67%
Year Built:
1910

Highlights

  • Located 1/2 mile from the University Park New Seasons
  • Storage units and laundry in unfinished basement
  • Off-street parking in rear of building
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Portsmouth Ave 8-Plex

Summary

This vintage 8 unit is a perfect "value-add" which is nearly impossible to find in Portland these days! The property features six studios and two one-bedroom units, all below market rental rates. In 2016, seller installed new water main line from the street to the building (plus associated valves to kitchens and baths).

Highlights

  • Located 1/2 mile from the University Park New Seasons
  • Storage units and laundry in unfinished basement
  • Off-street parking in rear of building
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Portsmouth Ave 8-Plex

N Portsmouth Ave between N Lombard St & N Willis Blvd

Located just blocks from Columbia Park

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Portsmouth Ave 8-Plex

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Portsmouth Ave 8-Plex

Document Title Document Type
Property Flyer Adobe PDF
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Portsmouth Ave 8-Plex

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax