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4775 NE 107th Ave, Portland, OR 97220

$3,225,000

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Property Description

Recently constructed and fully stabilized 16-unit apartment building located in Portland's Parkrose neighborhood. This turn-key investment offers low-maintenance ownership with modernsystems, contemporary finishes, and a balanced mix of unit types designed to attract a broad tenant base. Built with long-term durability and operational efficiency in mind, the property features well-finished units with quality fixtures, high-end kitchens, in unit washer/dryers, and established occupancy. The diversified unit mix supports stable occupancy and consistent cash flow, appealing to both traditional renters and high demand workforce housing that is near NE Sandy Blvd, grocery, close access to the airport, and transit.

4775 NE 107th Ave | MLS# 752828656

This multi-family property located at 4775 NE 107th Ave, Portland, OR 97220 is currently listed for sale with an asking price of $3,225,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Air Conditioning Ready
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition
Stories: 4.0
Taxes: $28,958
Year Built: 2024
Square Feet: 10,480

Units

Unit Type 1:
Bathroom(s): 1
Features: Dishwasher, Microwave, Refrigerator, WasherDryer
Rent: $1110.00
Square Footage: 345
Total Units: 5
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Refrigerator, WasherDryer
Rent: $1429.00
Square Footage: 510
Total Units: 8
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Microwave, Refrigerator, WasherDryer
Rent: $1682.00
Square Footage: 675
Total Units: 3

Feature Descriptions

Days on Site: 39
Exterior: Cement Siding, Wood Siding
Gross Income: $285700.00 (Actual)
Hot Water: Electricity
Lot: Gated, Level
Net Income: $173480.00 (Actual)
Operating Expenses: $112220.00 (Actual)
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Special View Info: Seasonal
Units: 16
Water: Public Water

Local Schools

High School: Parkrose
Middle School: Roseway Heights
Elementary School: Other

Listed By / Shown By

Listed By

Agency Name: Knipe Realty ERA Powered
Agency Contact: 503-201-8537

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

$ 19,661.15 per month $16,307.36 Principal & Interest $2,413.17 Property Tax $940.63 Homeowner's Insurance

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