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    1318 46Th Ave Portland, OR 97213

    Sponsored
    For Sale
    $2,430,000

    Luxury 2-bed/2-bath units, prime location

    Property size:
    6,121 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This brand-new, meticulously maintained six-unit apartment building presents a compelling investment opportunity in Portland, Oregon's desirable Hollywood district. Built in 2024, this two-story structure boasts a total of 6,121 square feet on a 0.12-acre lot, zoned RM2. Each of the six units features a spacious and modern 2-bedroom, 2-bathroom layout, encompassing an open-concept design with abundant natural light. High-end finishes include warm cabinetry, stainless steel appliances, and tasteful tile accents in the sleek kitchens. The main floor includes a full bathroom with a walk-in shower, while upstairs, both bedrooms are complemented by a luxurious bathroom with a soaking tub. Every unit also includes a private, fenced yard. The property's excellent location, just 0.3 miles from amenities such as coffee shops, grocery stores, restaurants, and parks, is further enhanced by an 89 BikeScore and easy access to I-84. The building is covered by a one-year builder warranty, providing peace of mind for the new owner. This property offers an exceptional combination of location, quality construction, and strong rental appeal, making it an ideal addition to any investment portfolio. The asking price is $2,430,000.

    Property Features for 1318 46Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,121 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Brand new six‑unit multifamily building with desirable two‑bedroom, two‑bathroom floor plans.
    • Open‑concept floor plans throughout.
    • Excellent Hollywood location.
    • One‑year builder's warranty included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    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
    -122.6158336
    Latitude
    45.5326121

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 2-bed/2-bath units, prime location
    Where is this multifamily property located?
    The property is located at 1318 46Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,430,000.
    What are key features of this property?
    This property features: Brand new six-unit multifamily building with desirable two-bedroom, two-bathroom floor plans.; Open-concept floor plans throughout.; Excellent Hollywood location.
    Request Owner's contact information
    1318 46Th Ave Portland, OR 97213
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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
    1318 46Th Ave Portland, OR 97213
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