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    4881 63Rd Ave Portland, OR 97206

    Sponsored
    For Sale
    $1,499,900

    Luxury 4-unit building, high ROI.

    Property size:
    3,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional new construction fourplex, completed in 2023, presents a compelling investment opportunity in Portland's desirable Mt. Scott-Arleta neighborhood. Boasting a total of 3,464 square feet across four units, each unit offers a spacious 844-888 square feet of living space, featuring two bedrooms and one and one-half bathrooms. The property benefits from a 100% occupancy rate, generating a strong net operating income (NOI) of $70,852, resulting in a 4.72% cap rate. High-end finishes throughout include modern cabinetry, slab counters, extensive tile backsplashes, and stainless steel appliances. Each unit also features in-unit washer/dryer hookups and a private, fenced patio. The building's prime location offers a phenomenal 99 BikeScore and 90 WalkScore, placing residents within easy walking distance of restaurants, shops, and coffee houses, and just 0.2 miles from Laurelwood Park. Additional benefits include a one-year builder warranty and a fifteen-year rent control exemption, minimizing maintenance and maximizing long-term value. The property sits on a lot sized between 3,000 and 4,999 square feet and is priced at $1,499,900, or $374,975 per unit, and $433 per square foot. This fully leased and stabilized property offers a rare combination of modern luxury, strong financial performance, and a highly sought-after location.

    Property Features for 4881 63Rd Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,464 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • Four new construction units; 2 bed/1.5 bath; 844‑888 sq ft each.
    • High‑end finishes, modern design.
    • In‑unit washer/dryer hookups.
    • Private fenced patios.
    • One‑year builder warranty.
    • Fifteen‑year rent control exemption.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.5982561
    Latitude
    45.4874229

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 4-unit building, high ROI.
    Where is this multifamily property located?
    The property is located at 4881 63Rd Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,499,900.
    What are key features of this property?
    This property features: Four new construction units; 2 bed/1.5 bath; 844-888 sq ft each.; High-end finishes, modern design.; In-unit washer/dryer hookups.
    Request Owner's contact information
    4881 63Rd Ave Portland, OR 97206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4881 63Rd Ave Portland, OR 97206
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