6289 44Th Ave, Portland, OR 97206
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.