Bought with Eleete Real Estate
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5235 SE LAMBERT ST Portland, OR 97206
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Key Details
Sold Price $2,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,300 sqft
Price per Sqft $203
Subdivision Brentwood - Darlington
MLS Listing ID 19017350
Sold Date 08/12/20
Year Built 1966
Annual Tax Amount $18,133
Tax Year 2019
Property Description
Great multifamily investment opportunity near the hot Woodstock Strip in SE Portland. Property features a desirable mix of renovated 8 two-bed one bath and 8 one-bed one bath units. The copper plumbed building has had extensive capital improvements including a new roof, newly sealed/stripped parking lot, vinyl windows, and the building was recently painted. Current 5.68% Cap Rate.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R2/CM1
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Community Features Laundry
View Y/N true
View City
Roof Type Flat
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Lewis
Middle Schools Sellwood
High Schools Cleveland
Others
Acceptable Financing Assumable, CallListingAgent, Cash, Conventional
Listing Terms Assumable, CallListingAgent, Cash, Conventional
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