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    OFF-MARKET
    Residential income homes

    6289 44Th Ave, Portland, OR 97206

    3,800 SF 0.11 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4-plex apartment building, located at 6289 SE 44th Ave in Portland, Oregon's desirable Woodstock neighborhood, presents a compelling investment opportunity. Completed in 2024, this property boasts 3,800 square feet situated on a 0.11-acre lot and is zoned R5. The building comprises four units, each featuring two bedrooms and two and a half bathrooms, totaling eight bedrooms. Each unit offers approximately 950 square feet of open-concept living space, highlighted by expansive windows, lofty ceilings, and modern kitchens equipped with custom cabinetry and stainless steel appliances. The units seamlessly blend indoor and outdoor living with private, fenced yard spaces. The property's prime location offers residents easy access to the Woodstock Farmers Market, an array of shops, restaurants, parks, and Reed College. The asking price is $1,759,900, translating to $439,975 per unit and $463.13 per square foot. The property includes a one-year builder warranty, providing peace of mind for the investor. Estimated completion is early November. This multifamily investment is ideally suited for those seeking a high-return property in a thriving Portland neighborhood. The property's strong rental potential, combined with its desirable location and modern amenities, makes it an attractive addition to any investment portfolio.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2024
    Total area 3,800 SF
    Lot 0.11 ac (4,792 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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