4814 62Nd Ave Portland, OR 97206
- Residential income homes
- 6,450 SF
Current Use by Public Records
- Residential income homes
Property Details for 4814 62Nd Ave
- Year built
- 2023
- Property size
- 6,450 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
This exceptional investment opportunity presents eight brand-new, high-end two-bedroom, one-and-one-half-bathroom apartment units, totaling 6,450 square feet across two side-by-side fourplex buildings. Located in the vibrant Mt. Scott-Arleta neighborhood of Portland, Oregon, this property boasts a coveted 99 BikeScore, providing easy access to trendy restaurants and shops. Each unit features approximately 791 to 838 square feet of thoughtfully designed living space, showcasing modern architecture with open floor plans, lofty ceilings, and neutral, warm designer tones. High-end finishes are evident throughout, including custom kitchens with gorgeous tile work and slab quartz countertops, expansive windows, hard surface flooring, central air conditioning, and private fenced patios. In-unit washer/dryer hookups add to the convenience. Built in 2023, this property benefits from a one-year builder warranty and a fifteen-year rent control exemption. The property sits on a lot ranging from 7,000 to 9,999 square feet and is zoned R5. The asking price is $2,939,900, representing a price per unit of $367,487.50 and a price per square foot of $455.80. This is a rare opportunity to acquire a portfolio of eight modern, high-demand units in a prime Portland location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.599
- Latitude
- 45.488
