Multi-Family for Sale: 14937 STARK ST, Portland, OR 97233

14,080 sqft
$2,600,000
$2,600,000
14937 STARK ST, Portland, OR 97233
14,080 sqft
$2,600,000
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Price:
$2,600,000
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Type Multi-Family
Square Feet 14,080 sqft
Lot Size 0.73 acres
Year Built 2005
Taxes Paid $30,890
City Portland
Area 143 - Portland Southeast
County Multnomah
School District Reynolds
Subdivision GLENFAIR
MLS 24056070
Status Active
DOM 166 days
Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.

Room Features

Basement Description Crawl Space, Partially Finished, Partial Basement

Lot & Building Features

Heating Radiant, Zoned
Parking Description Off Street, Paved
Sewer Public Sewer
Water Public Water
Water Heater Electricity

Community and Schools

Elementary School Glenfair
Junior High School H.B. Lee
Senior High School Reynolds

Unit Features

Unit Type 1 Actual Rent 1430
Unit Type 1 Area 933
Unit Type 1 Baths 1.100
Unit Type 1 Baths Total 2
Unit Type 1 Beds Total 2
Unit Type 1 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 1366
Unit Type 2 Area 933
Unit Type 2 Baths 1.100
Unit Type 2 Baths Total 2
Unit Type 2 Beds Total 2
Unit Type 2 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 2 Units Total 3
Unit Type 3 Actual Rent 1322
Unit Type 3 Area 933
Unit Type 3 Baths 1.100
Unit Type 3 Baths Total 2
Unit Type 3 Beds Total 2
Unit Type 3 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 3 Units Total 5
Unit Type 4 Actual Rent 1325
Unit Type 4 Area 933
Unit Type 4 Baths 1.100
Unit Type 4 Baths Total 2
Unit Type 4 Beds Total 2
Unit Type 4 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 4 Units Total 1
Unit Type 5 Actual Rent 1200
Unit Type 5 Area 933
Unit Type 5 Baths 1.100
Unit Type 5 Baths Total 2
Unit Type 5 Beds Total 2
Unit Type 5 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 5 Units Total 1
Unit Type 6 Actual Rent 1225
Unit Type 6 Area 900
Unit Type 6 Baths 1.000
Unit Type 6 Baths Total 1
Unit Type 6 Beds Total 2
Unit Type 6 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 6 Units Total 2
Unit Type 7 Actual Rent 1032
Unit Type 7 Area 800
Unit Type 7 Baths 1.000
Unit Type 7 Baths Total 1
Unit Type 7 Beds Total 2
Unit Type 7 Features Dishwasher, Window Coverings, Refrigerator, Range
Unit Type 7 Units Total 2
Unit Type 8 Actual Rent 995
Unit Type 8 Area 500
Unit Type 8 Baths 1.000
Unit Type 8 Baths Total 1
Unit Type 8 Beds Total 1
Unit Type 8 Features Range, Window Coverings, Refrigerator
Unit Type 8 Units Total 1

Price History of 14937 STARK ST, Portland, OR

Date Name Price Difference
06/12/2024 Listing Price $2,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by RE/MAX Equity Group, Wayne Sanman
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1.1881073076923%
6.75%
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14937 STARK ST (MLS #24056070) is a multi-family listing located in Portland, OR. This multi-family listing is 14,080 sqft and on a lot of 31,798 sqft (or 0.73 acres) and is 19 years old. This property was listed on 06/12/2024 and has been priced for sale at $2,600,000.

Nearby zip codes are 97030, 97035, 97216, 97230 and 97236. This property neighbors other cities such as Fairview and Gresham.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RE/MAX Equity Group

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.