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Multifamily

1653 SE Nehalem St

1653 SE Nehalem St, Portland, OR 97202

Listing Price: $1,325,000

Cap Rate
4.22%
Number of Units
6
Occupancy
95.0%
Price/Unit
$220,833
Price/Gross SF
$276.04
Gross SF
4,800

Investment Overview

1653 SE Nehalem St. is a 6-plex multifamily investment property built in 1978. This immaculately maintained property is only one block from the heart of the Sellwood Neighborhood. It features five 1-Bedroom units and one studio apartment. Rent is slightly below market rates and can be improved. Units have been beautifully renovated and maintained. Units feature hardwood floors and newer countertops. Tenants can enjoy enjoy a common area basement that offers laundry on-site and individual storage. 1653 SE Nehalem St offers investors an updated, stable, well-maintained asset in one of Portland's most desirable neighborhoods.

Investment Highlights

  • Very maintained, updated units Under market rents offer an investor NOI growth
  • Fantastic Location - Close to the heart of the Sellwood Neighborhood 91 Walk Score 83 Bike Score
  • Several restaurants, bars, coffee shops, grocery stores, and shopping within walking distance

Exclusively Listed By

Listing Price: $1,325,000

Cap Rate
4.22%
Number of Units
6
Occupancy
95.0%
Price/Unit
$220,833
Price/Gross SF
$276.04
Gross SF
4,800

Investment Highlights

  • Very maintained, updated units Under market rents offer an investor NOI growth
  • Fantastic Location - Close to the heart of the Sellwood Neighborhood 91 Walk Score 83 Bike Score
  • Several restaurants, bars, coffee shops, grocery stores, and shopping within walking distance

Investment Overview

1653 SE Nehalem St. is a 6-plex multifamily investment property built in 1978. This immaculately maintained property is only one block from the heart of the Sellwood Neighborhood. It features five 1-Bedroom units and one studio apartment. Rent is slightly below market rates and can be improved. Units have been beautifully renovated and maintained. Units feature hardwood floors and newer countertops. Tenants can enjoy enjoy a common area basement that offers laundry on-site and individual storage. 1653 SE Nehalem St offers investors an updated, stable, well-maintained asset in one of Portland's most desirable neighborhoods.

Exclusively Listed By

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