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4435 SE Belmont St, Portland, OR 97215

$1,650,000

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Property Description

4435 SE Belmont presents a rare chance to acquire a 12-unit multifamily asset in the high-demand Sunnyside neighborhood of southeast Portland. Located along the thriving Belmont retail corridor, the property benefits from walkable amenities, excellent transit access, and consistent tenant demand. The unit mix and property condition support stable cash flow with potential for rent growth through light value-add improvements. The property includes many updated units, new exterior paint, a new 70 year metal roof, and a dedicated parking lot. Each unit has separate gas and electric meters. With limited inventory in this core submarket, this offering is well positioned for both long-term hold or repositioning strategies

4435 SE Belmont St | MLS# 520360821

This multi-family property located at 4435 SE Belmont St, Portland, OR 97215 is currently listed for sale with an asking price of $1,650,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: FullBasement
Cooling: None
Fuel Type: Electricity, Gas
Heating: Wall Furnace
Roof Type: Metal
Stories: 3.0
Taxes: $15,442
Year Built: 1911
Square Feet: 8,952

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: HardwoodFloors, Refrigerator, Unfurnished
Rent: $1178.00
Square Footage: 475
Total Units: 11
Unit Type 2:
Bathroom(s): 1
Features: HardwoodFloors, Refrigerator, Unfurnished
Rent: $1155.00
Square Footage: 400
Total Units: 1

Feature Descriptions

Days on Site: 296
Exterior: Asbestos
Gross Income: $176931.00 (Actual)
Hot Water: Gas
Lot: Corner Lot, Level
Net Income: $106544.00 (Actual)
Operating Expenses: $70387.00 (Actual)
Parking: Assigned
Parking Notes: Assigned
Sewer: Public Sewer
Storage: Basement
Units: 12
Water: Public Water

Local Schools

High School: Franklin
Middle School: Mt Tabor
Elementary School: Glencoe

Listed By / Shown By

Listed By

Agency Name: Apex Residential
Agency Phone: 503-595-2840

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

$ 10,111.38 per month $8,343.30 Principal & Interest $1,286.83 Property Tax $481.25 Homeowner's Insurance

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