MLS# 24221524 – 5056 Ne 14th Ave, Portland, OR 97211 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

4 Units

Status: Active

Year Built: 2024

Neighborhood: King

Days on Website: 115

Welcome to this impeccably designed, 4 plex in the heart of the vibrant Alberta Arts district! This new construction condo offers the epitome of urban living, with 2 bed/2.1 bath units boasting a phenomenal 95 WalkScore and 100 BikeScore. Step outside and immerse yourself in the eclectic charm of the neighborhood, where a myriad of amenities awaits, including cozy cafes, boutique shopping, delectable restaurants, and much more! As you step through the door, youll be greeted by an inviting open concept floor plan adorned with designer touches at every turn. The kitchen is a culinary enthusiasts delight, featuring warm cabinetry, gleaming stainless steel appliances, and a sleek tile backsplash. Prepare to be captivated by the luxurious half baths downstairs, showcasing stunning tile work, designer finishes, and upgraded modern accent walls, adding a touch of elegance to every moment. Venture upstairs to discover spacious bedrooms exuding a warm and airy ambiance, thanks to lofty ceilings and expansive windows that flood the space with natural light. Complete with private fenced yards, patios + coveted AC! Bolster your investment portfolio + enjoy 1-year builder warranty with peace of mind from a local boutique builder!

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

3460

Built in 2024

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling Equipped

Cooling:

HeatPump

Expenses

Operating Expense:

$29,444

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

5.82

Gross Income:

$119,016

Gross Rent Multiplier:

12.94

Net Operating Income:

$89,572

Listing

Contract Status Change Date:

2024-05-15

Days On Market:

114

Last Transaction Date:

2024-09-04 15:41:30

List Price:

$1,539,900

Listing Contract Date:

2024-05-15

Listing Id:

24221524

Mls Status:

Active

Modification Timestamp:

2024-09-04 15:41:30

On Market Date:

2024-05-15

Previous List Price:

$1,549,900

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

KING

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.09

Size Dimensions:

Approx 95' x 40

Size Range:

SqFt3000to4999

Size Square Feet:

3,920

Size:

3,000 to 4,999 SqFt

Property

Number Of Units Total:

Property Condition:

NewConstruction

Property View

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Harriet Tubman

Elementary School:

MartinL King Jr

Sewer

Sewer:

PublicSewer

Taxes

Legal Description

Unit One

Area:

911

Features:

AirConditioning,Dishwasher,Microwave,Range

Units Total:

3 total bathrooms

2 total bedroom

Unit Two

Area:

845

Features:

AirConditioning,Dishwasher,Microwave,Range

Units Total:

3 total bathrooms

2 total bedroom

Unit Three

Area:

845

Features:

AirConditioning,Dishwasher,Microwave,Range

Units Total:

3 total bathrooms

2 total bedroom

Unit Four

Area:

859

Features:

AirConditioning,Dishwasher,Microwave,Range

Units Total:

3 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$1,539,900 - Br/0Ba - for Sale in King, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,539,900 -

5056 Ne 14th Ave Portland , OR 97211

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on September 7, 2024 1:51PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.