4814 62Nd AvePortland, OR 97206

For Sale
$2,939,900

Eight new 2-bed/1.1-bath units in desirable Mt. Scott-Arleta.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents eight brand-new, high-end two-bedroom, one-and-one-half-bathroom apartment units, totaling 6,450 square feet across two side-by-side fourplex buildings. Located in the vibrant Mt. Scott-Arleta neighborhood of Portland, Oregon, this property boasts a coveted 99 BikeScore, providing easy access to trendy restaurants and shops. Each unit features approximately 791 to 838 square feet of thoughtfully designed living space, showcasing modern architecture with open floor plans, lofty ceilings, and neutral, warm designer tones. High-end finishes are evident throughout, including custom kitchens with gorgeous tile work and slab quartz countertops, expansive windows, hard surface flooring, central air conditioning, and private fenced patios. In-unit washer/dryer hookups add to the convenience. Built in 2023, this property benefits from a one-year builder warranty and a fifteen-year rent control exemption. The property sits on a lot ranging from 7,000 to 9,999 square feet and is zoned R5. The asking price is $2,939,900, representing a price per unit of $367,487.50 and a price per square foot of $455.80. This is a rare opportunity to acquire a portfolio of eight modern, high-demand units in a prime Portland location.

Highlights

  • Eight new, 2-bed/1.1-bath units (791-838 sq ft) with high-end finishes.
  • Two side-by-side fourplex buildings.
  • In-unit washer/dryer hookups.
  • Central air conditioning.
  • One-year builder warranty.
  • Fifteen-year rent control exemption.

Property Details for 4814 62Nd Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
6,450 SF
Year Built
2023
Buildings
2
Stories
2
Units
8

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.4879631
Longitude
-122.5985917
4814 62Nd Ave, Portland, Oregon

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4814 62Nd Ave
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