- ADDRESS:
- 8924 SE ELLIS ST Portland, OR 97266
- Price:
- $695,000
- Units:
- 6
- Acres:
- 0.35
- Unit 1:
-
2 Bed
1.0 Bath
$1,260/mo
Features: Dishwasher, Fireplace, Washer/Dryer Hookup - Unit 2:
-
2 Bed
1.0 Bath
$695/mo
Features: Dishwasher, Fireplace, Washer/Dryer Hookup - Unit 3:
-
2 Bed
1.0 Bath
$1,175/mo
Features: Dishwasher, Fireplace, Washer/Dryer Hookup - Unit 4:
-
2 Bed
1.0 Bath
$1,155/mo
Features: Dishwasher, Fireplace, Washer/Dryer Hookup - Unit 5:
-
2 Bed
1.0 Bath
$1,250/mo
Features: Dishwasher, Fireplace, Washer/Dryer, Washer/Dryer Hookup - Unit 6:
- 2 Bed 1.0 Bath $975/mo
- MLS#:
- 593286951
- Lot Size:
- 15,000 to 19,999 SqFt
- Type:
- Multi
- Zone:
- R1
- Yr Built:
- 1973
- Taxe/yr:
- $14,396.41
- County:
- Multnomah
- Status:
- Active
- Levels:
- 1
- Heat:
- Baseboard
- Nhood/Bldg:
- Lents
- Elem:
- Marysville
- Middle:
- Kellogg
- High:
- Franklin
- Lot Desc:
- Level, Public Road
- Area:
- Portland Southeast
- Courtesy of:
- Township Properties Real Estate LLC
- Remarks:
- CONTRACT TERMS! 5% Interest, 30% DOWN, 30 YEAR AMORTIZATION WITH A 5 YEAR BALLOON. Exceptional investment opportunity featuring six well-maintained units configured as three duplexes on a single tax lot. This property offers an attractive combination of stable cash flow, future upside, and favorable seller financing.Each unit features sought-after amenities including washer/dryer hookups, fireplaces, and private patios, providing comfort and convenience that appeal to long-term tenants. The property also offers ample off-street parking, a valuable amenity in today's rental market. Close to MAX Light Rail, buslines and shopping. Located in the vibrant Lents neighborhood, "an up-and-coming area & one of the new hotspots in Portland" according to PortlandNeighborhood.com. Lents is widely recognized for its ongoing growth, revitalization, and increasing popularity, this property is well-positioned to benefit from continued demand. With potential for rent increases, investors have the opportunity to enhance returns over time. Adding to the appeal, the Seller is willing to offer contract terms with below-market interest rates, creating an outstanding financing opportunity that can improve cash flow and reduce borrowing costs compared to conventional financing. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare chance to acquire a quality multifamily asset with strong income potential, attractive financing, and long-term upside.