1232 Wygant St, Unit 1238 Portland, OR 97217-3652
Property profile & analytics
1232 Wygant St, Unit 1238 Portland, OR 97217-3652
- Apartment buildings
- 2,730 SF
- 0.12 lot acres
Property ID
US71-0673419
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1232 Wygant St
- Year built
- 1943
- Construction
- FRAME
- Lot size
- 0.12 lot acres
- Property size
- 2,730 SF
- Zone code
- RH
- Property type
- Apartment buildings
- APN
- 1N1E22BC 06600
- APU
- 1N1E22BC06600
Description
This exceptional 5-unit apartment building presents a compelling investment opportunity in the desirable North Portland neighborhood. Built in 1943, this single-story property boasts 2,810 square feet situated on a 0.12-acre lot, offering a compelling price per square foot of $293 and a price per unit of $220,000. The property features a mix of one- and two-bedroom units, each with desirable amenities including hardwood floors, a fenced yard, private back patios, and covered bike storage. Individual entries for each unit enhance privacy and convenience. Located just minutes from Portland Community College and major transportation arteries like Interstate Avenue and I-5, the property benefits from excellent access to public transit and a wealth of retail options, including New Seasons Market. Its proximity to vibrant retail corridors like N Mississippi Ave and NE Alberta St provides residents with abundant shopping and dining choices. The TriMet MAX light rail Yellow Line is also within easy reach, further enhancing the property's accessibility. With an average unit rent of $562, this property offers a strong 6.29% cap rate and significant potential for future appreciation. The asking price is $1,100,000, representing a land value of $41.67 per acre. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a highly sought-after Portland location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.68
- Latitude
- 45.5574
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,525
$0.00
$0.00
$95,290
-
$540,000
$360,590
$900,590
