8128 NE BEECH ST Portland, OR $ 849,900
8128 NE BEECH ST
$ 849,900
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8128 NE BEECH ST

Portland, OR, 97213
$ 849,900
Bedrooms4 Baths3.0 Sq 3,984

Monthly Estimate*

$ 5,090

8128 NE BEECH ST, Portland, OR 97213 - Image 1
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Multi-Family Home for sale in Portland, OR

for $849,900 with 4 bedrooms and 3 full baths. This 3,984 square foot home was built in 1954 on a lot size of 0.12.

This well-maintained 4-plex offers a solid 5.72% CAP Rate and a 12.21 GRM, with significant potential for financial growth. Minor cosmetic upgrades could unlock higher market rents, maximizing your returns. The property features a 5-year-old roof, minimizing immediate maintenance costs.Strategically located on a bus line, this property appeals to tenants seeking convenience, with restaurants, coffee shops, shopping, schools, and parks all within half a mile. One unit boasts private laundry, while the remaining three units share a well-equipped laundry room.A fantastic opportunity to capitalize on Portland’s thriving rental market!

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Multi-Family Active

Price

$ 849,900

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 11,580

Style

Lot Size

0.12

Year Built

1954

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24345569

Features
General
Sewer PublicSewer
Heating WallHeater Zoned
Roof Shingle
Zoning RM1
HOA Fee 0
Garage Spaces 1.0
Security Features Sidewalk
Year Built 1954
Stories 2
Tax Year 2024
Gross Income 69607.0
County Multnomah
Net Operating Income 48606.0
Operating Expense 21001.0
Property Type MultiFamily
HOA 0
Subdivision Name MADISON SOUTH
Rent Includes Sewer TrashCollection Water
Status Active
Directions N on 82nd Left on NE BEECH on the left corner
High School Leodis McDaniel
City Portland
NumberOfUnitsTotal 4
MLS Area _142
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional FHA
Elementary School Jason Lee
Tax Annual Amount 11580.28
Middle/Junior High School Roseway Heights
Standard Status Active
Legal Description WELLESLEY BLOCK 3 LOT 1&2 EXC PT IN ST
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Interior
Basement Unfinished
Storage Basement Garage
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Driveway Garage
Lot Features CornerLot Level
Water Source PublicWater
Total Parking 6.0
Exterior Description Brick LapSiding
Building Area Total 3984.0
Lot Size Acres 0.12
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Internal Only
Street Number 1 8128
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* Excluded Features
List By
More Realty

Broker

marshall@primenwhomes.com

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Affordability Calculator

$6,055
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,090
Monthly Property Taxes
$965
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3269608 Elementary School
3269618 Middle School
Leodis McDaniel High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2024$849,900 Listed Price

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8128 NE BEECH ST, Portland, OR, 97213 is a Multi-Family Home for sale at $849,900 with 3,984 sqft and a lot size of 0.12. 8128 NE BEECH ST has 4 bedrooms, 3.0 baths, and was built in 1954. The property's zip code is 97213 which is in Portland, OR