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Property profile & analytics
OFF-MARKET
Residential income homes

8474 Willamette Blvd Portland, OR 97203

4,746 SF 0.1 ac lot Built 204
Property ID
US71-0280479
Property summary
AI-generated overview

This exceptional new 6-plex in Portland's Cathedral Park offers a compelling investment opportunity. The property boasts a mix of six units: one 2-bedroom, 2.1-bathroom unit and five 2-bedroom, 1.1-bathroom units. Each unit features an open-concept design with spacious living areas, modern kitchens equipped with stainless steel appliances and custom cabinetry, and ample natural light. The building, constructed in 2024, totals 4,746 square feet on a 0.1-acre lot and is a two-story structure. It benefits from a highly desirable location with a 91 BikeScore, placing residents within easy reach of numerous amenities including coffee shops, restaurants, grocery stores, and parks, all within a short distance. The property is zoned RM2 and comes with a one-year builder's warranty. Estimated completion is mid-September 2024. This represents a rare chance to acquire a newly constructed multifamily property in a prime Portland location, offering strong potential for rental income and long-term appreciation. The asking price is $1,999,900.

Property profile
Verified
Property type Residential income homes
Year built 204
Total area 4,746 SF
Lot 0.1 ac (4,356 SF)
UPID US71-0280479
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
Allowed · conditional · prohibited
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