7250 78Th Ave Portland, OR 97206
- Residential income homes
- 3,850 SF
Current Use by Public Records
- Residential income homes
Property Details for 7250 78Th Ave
- Year built
- 2024
- Property size
- 3,850 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
This stunning new 2-story, 3,850 square foot, 4-plex in Portland, Oregon's desirable Multnomah County (zip code 97206, 7250 SE 78th Ave) offers a compelling investment opportunity. Built in 2024, the property boasts a desirable unit mix: two 3-bedroom/2.1-bathroom units and two 2-bedroom/2.1-bathroom units, each featuring an open-concept layout, spacious living rooms, modern kitchens with ample cabinetry, expansive tile work, and stainless steel appliances. Upstairs, generously sized bedrooms and two full bathrooms provide comfort and convenience. Large windows and loft ceilings create a bright and airy atmosphere. The property's central location provides easy access to coffee shops, groceries, and restaurants (within 0.3 miles), and convenient commuting via I-205. The asking price is $1,439,900, representing a price per unit of $359,975 and a price per square foot of $374. The property's pro-forma NOI is $86,142, yielding a 5.98% cap rate. The property is zoned R2.5 and comes with a one-year builder warranty. This is a turnkey investment ready for immediate income generation. Ten total bedrooms are spread across the four units.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.583
- Latitude
- 45.4705
