MLS# 24047581 – 13062 Se Powell Blvd, Portland, OR 97236 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Bridge Creek Realty.

Property Description

Description

14 Units

Status: Active

Year Built: 1999

Days on Website: 29

Powell Station Apartments is a 14-unit complex in Portland’s Powellhurst-Gilbert neighborhood. Built in 1999, it features two-bedroom, two-bath units across four buildings with private yards, balconies, and rentable garage spaces. Extensive renovations in over half the units have raised rents to $1,599, while classic units rent for $1,175, offering a 27% rent upside. This property presents a value-add opportunity with modern upgrades and desirable amenities.

Property Details and Features

Building

Building Area Total:

15400

Built in 1999

Stories:

Unit Type Type:

UnitTypeType1

Expenses

Operating Expense Scheduled:

105868

Operating Expense:

$99,994

Exterior Features

Exterior Description:

VinylSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

6.52

Gross Income:

$242,916

Gross Rent Multiplier:

9.96

Gross Scheduled Income:

$276,691

Net Operating Income:

$157,692

Net Scheduled Income:

194321

Listing

Contract Status Change Date:

2024-10-22

Days On Market:

Last Transaction Date:

2024-11-01 10:25:04

List Price:

$2,420,000

Listing Contract Date:

2024-10-22

Listing Id:

24047581

Mls Status:

Active

Modification Timestamp:

2024-11-01 10:25:04

On Market Date:

2024-10-22

Previous List Price:

$2,480,000

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Size Acres:

0.81

Size Range:

SqFt20000toAcres1

Size Square Feet:

35,283

Size:

20,000 SqFt to .99 Acres

Parking

22 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RM1

Schools

High School:

David Douglas

Middle Or Junior School:

Alice Ott

Elementary School:

Gilbert Hts

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$27,376

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,450

Area:

900

Features:

Range,Refrigerator,Storage,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$2,420,000 -

13062 Se Powell Blvd Portland , OR 97236

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.