Multifamily

SE Market Street 4-Plex

Listing Price: $2,195,000

Cap Rate
5.30%
Number of Units
4
GRM
15.44
Occupancy
95.00%
Price/Unit
$548,750
Price/Gross SF
$304.86
Gross SF
7,200

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the multifamily investment property at 5021-5039 SE Market St. in Portland, OR. Built in 2018. The modern building is comprised of four units which are each 1,800 square foot townhomes with garages. The units are all three bedroom and two and half bath which lives like a house and will tend to attract long term tenants. The finishes in each of the units are high end but allow for easy turnover.
The property was built by an architect as a long term hold so it was well built. The property was built offsite and then once completed craned into place which kept it out of the elements. Then once on site the siding and other mechanical systems were placed.
The market street property is built on the east side of the Hawthorne neighborhood which has been a strong rental area. There has been several new developments the last few years including the new Green Zebra grocery store which is less than a half mile away. Tenants will find a multitude of retail stores, restaurants, and bars in the area. The property is within walking distance of the Mt Tabor Park which is a favorite of many in the city.

Investment Highlights

  • Located in Hawthorne Neighborhood
  • Quality New Construction Asset
  • Low Vacancy Market
  • Easily Owner Managed
  • Potential Condo Conversion
  • Walk Score of 88, Very Walkable, and Bike Score of 99, Bikers Paradise

Exclusively Listed By

Financing By

Listing Price: $2,195,000

Cap Rate
5.30%
Number of Units
4
GRM
15.44
Occupancy
95.00%
Price/Unit
$548,750
Price/Gross SF
$304.86
Gross SF
7,200

Investment Highlights

  • Located in Hawthorne Neighborhood
  • Quality New Construction Asset
  • Low Vacancy Market
  • Easily Owner Managed
  • Potential Condo Conversion
  • Walk Score of 88, Very Walkable, and Bike Score of 99, Bikers Paradise

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the multifamily investment property at 5021-5039 SE Market St. in Portland, OR. Built in 2018. The modern building is comprised of four units which are each 1,800 square foot townhomes with garages. The units are all three bedroom and two and half bath which lives like a house and will tend to attract long term tenants. The finishes in each of the units are high end but allow for easy turnover.
The property was built by an architect as a long term hold so it was well built. The property was built offsite and then once completed craned into place which kept it out of the elements. Then once on site the siding and other mechanical systems were placed.
The market street property is built on the east side of the Hawthorne neighborhood which has been a strong rental area. There has been several new developments the last few years including the new Green Zebra grocery store which is less than a half mile away. Tenants will find a multitude of retail stores, restaurants, and bars in the area. The property is within walking distance of the Mt Tabor Park which is a favorite of many in the city.

Exclusively Listed By

Financing By

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