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    4738 Belmont St Portland, OR 97215

    Sponsored
    For Sale
    $4,999,800

    Portland, OR: Luxury Mixed-Use Investment

    Property size:
    9,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional new construction mixed-use property in Portland's desirable Belmont neighborhood presents a compelling investment opportunity. The building, completed in 2022, boasts 20 units: fifteen studios with one bathroom and four one-bedroom, one-bathroom apartments. A significant 1,124 square foot retail space, leased on a triple net (NNN) basis, adds further income potential. The building's total square footage is 9,690, situated on a lot ranging from 5,000 to 6,999 square feet. High-quality finishes, including sleek custom cabinetry and stainless steel appliances, are featured throughout the apartments, complemented by in-unit washers and dryers and a bike rack. The property benefits from a 15-year rent control exemption and enjoys a prime location, just 0.6 miles from Laurelhurst Park and within easy walking distance of Hawthorne's vibrant shops and restaurants. The property's strong financial performance is reflected in its 5.61% cap rate and a net operating income (NOI) of $280,305. The asking price is $4,999,800, resulting in a price per square foot of $515.98. The building is a fee-simple ownership and features three stories. High walkability and bikeability scores (WalkScore 89, BikeScore 97) further enhance its appeal. This is a stabilized investment with a strong tenant base.

    Property Features for 4738 Belmont St

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,690 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    3
    Units
    20

    HighLights

    • New construction with high‑end finishes.
    • 19 apartment units: 15 studios and 4 one‑bedroom units.
    • 1,124 square foot retail space (NNN lease).
    • Builder's warranty included.
    • 15‑year rent control exemption.
    • Walk Score of 89 and Bike Score of 97.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joanna's Lofts Apartment Building Alita Films Video Production Service

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -122.613778
    Latitude
    45.5164045

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    FAQs

    What type of property is this?
    Multifamily property - Portland, OR: Luxury Mixed-Use Investment
    Where is this multifamily property located?
    The property is located at 4738 Belmont St Portland, OR.
    What is the asking price?
    The asking price for this property is $4,999,800.
    What are key features of this property?
    This property features: New construction with high-end finishes.; 19 apartment units: 15 studios and 4 one-bedroom units.; 1,124 square foot retail space (NNN lease).
    Request Owner's contact information
    4738 Belmont St Portland, OR 97215
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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
    4738 Belmont St Portland, OR 97215
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