MLS# 23022381 – 4738 Se Belmont St, Portland, OR 97215 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

20 Units

Status: Active

Year Built: 2023

Neighborhood: Belmont

Days on Website: 495

Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of studio + 1 bed units including a generous 1,124 sf Retail Space that presents a perfect canvas that can be tailored to suit a wide range of ventures. Expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike rack round out a few quality amenities. With remarkable proximity, in the heart of Belmont and just 0.6 miles to iconic Laurelhurst Park and blocks to Hawthornes vibrant shops + restaurants!

Property Details and Features

Property Access

Road Surface Type:

Paved

Amenities

Amenities:

Interior photos are of similar plan by same builder, finishes may differ.

Basement

Basement:

None

Building

Building Area Total:

9690

Built in 2023

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

Commons

Cooling

Cooling Equipped

Cooling:

HeatPump

Expenses

Operating Expense Scheduled:

68022

Operating Expense:

$68,022

Exterior Features

Exterior Description:

Brick,Cedar,CementSiding,MetalSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

HeatPump

Income

CAP Rate:

5.59

Gross Income:

$347,280

Gross Rent Multiplier:

14.4

Gross Scheduled Income:

$347,280

Net Operating Income:

$279,258

Net Scheduled Income:

279258

Listing

Contract Status Change Date:

2023-07-13

Days On Market:

495

Last Transaction Date:

2024-07-02 16:43:45

List Price:

$4,999,800

Listing Contract Date:

2023-07-13

Listing Id:

23022381

Mls Status:

Active

Modification Timestamp:

2024-08-05 08:00:01

On Market Date:

2023-07-13

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

BELMONT

County Or Parish:

Multnomah

Lot

Features:

CornerLot

Size Range:

SqFt5000to6999

Size:

5,000 to 6,999 SqFt

Parking

Features:

None

Property

Number Of Units Total:

Property Condition:

NewConstruction

Property View

Zoning:

CM1

Roof

Roof:

Flat

Schools

High School:

Franklin

Middle Or Junior School:

Mt Tabor

Elementary School:

Glencoe

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,749

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$1,505

Area:

530

Features:

AirConditioning,Dishwasher,Microwave,WasherDryerHookup

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,328

Area:

430

Features:

AirConditioning,Dishwasher,WasherDryerHookup

Units Total:

1 total bathroom

Unit Three

Actual Rent:

$3,000

Area:

1124

Features:

AirConditioning,Dishwasher,Microwave,WasherDryerHookup

Units Total:

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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$4,999,800 - Br/0Ba - for Sale in Belmont, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$4,999,800 -

4738 Se Belmont St Portland , OR 97215

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.