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2448 SE 117th Ave, Portland, OR 97216

$1,475,000

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Property Description

Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market. Owner is open to seller financing with agreeable down and terms.

2448 SE 117th Ave | MLS# 535479438

This multi-family property located at 2448 SE 117th Ave, Portland, OR 97216 is currently listed for sale with an asking price of $1,475,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: None
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition
Stories: 3.0
Taxes: $12,751
Year Built: 2004
Square Feet: 5,899

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $2650.00
Square Footage: 1829
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1075.00
Square Footage: 761
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1290.00
Square Footage: 761
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1215.00
Square Footage: 761
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1200.00
Square Footage: 761
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1300.00
Square Footage: 761
Total Units: 1
Unit Type 7:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator, Storage, WasherDryer
Rent: $1025.00
Square Footage: 761
Total Units: 1

Feature Descriptions

Days on Site: 197
Exterior: Cement Siding
Gross Income: $117060.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $83296.00 (Actual)
Operating Expenses: $33766.00 (Actual)
Parking: OffStreet, Paved
Parking Notes: OffStreet, Paved
Sewer: Public Sewer
Units: 7
Water: Public Water

Local Schools

High School: David Douglas
Middle School: Floyd Light
Elementary School: Mill Park

Listed By / Shown By

Listed By

Agency Name: Living Room Realty
Agency Phone: 503-719-5588

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 8,951.19 per month $7,458.40 Principal & Interest $1,062.58 Property Tax $430.21 Homeowner's Insurance

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