14937 SE Stark St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
14937 SE Stark St
16 Unit Block of Flats £2,034,370 (£127,148/Unit) 5.18% Net Initial Yield Portland, OR 97233
Investment Highlights
- 4 buildings containing 16 units on a nearly 3/4 acre lot
- Building #2: Townhouse-style 4-plex with 2 BR, 1 1/2 bath, 933 sq. ft. units, with W&Ds, and 9' ceilings on main level, built in 2001
- Building #4: 4-plex with three 2 BR, 1 bath & one 1 BR, 1 bath unit, with a shared laundry area.
- Building #1: Townhouse-style 6-plex with 2 BR, 1 1/2 bath, 933 sq. ft. units, with W&Ds, and 9' ceilings on main level, built in 2005
- Building #3: Duplex with 2 BR, 1 bath, 900 sq. ft. units, with washer and dryers, built in 2001
- 26 parking spaces
Executive Summary
Seize this exceptional investment opportunity in East Portland! This multi-family property, set on a nearly 3/4 acre lot, features 16 well-maintained units across four buildings. The property includes a townhouse-style 6-plex and 4-plex, both with 933 sq. ft. units with washers and dryers, and 9' ceilings, built in 2005 and 2001 respectively. There's also a duplex with 900 sq. ft. units with washers and dryers, and a 4-plex with a shared laundry area. With 26 parking spaces, modern amenities, and spacious layouts, this property is a lucrative addition to any portfolio, offering a strong NOI of $134,615. Located near major employers such as the Oregon Department of Human Services, Kaiser Permanente, and The Oregon Clinic, and close to Adventist Health Portland and Vibra Specialty Hospital, this property is in a high-demand rental market with proven stability and growth potential. Don't miss out on this outstanding investment opportunity.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,034,370 | Apartment Style | Townhome |
| Price Per Unit | £127,148 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Net Initial Yield | 5.18% | Building Size | 14,080 SF |
| Gross Rent Multiplier | 12.14 | Average Occupancy | 100% |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 1.85/1,000 SF |
| Price | £2,034,370 |
| Price Per Unit | £127,148 |
| Sale Type | Investment |
| Net Initial Yield | 5.18% |
| Gross Rent Multiplier | 12.14 |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 14,080 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 2005 |
| Parking Ratio | 1.85/1,000 SF |
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | £1,029 | 933 |
| 2+1 | 5 | £874.39 | 800 - 900 |
| 1+1 | 1 | £778.54 | 500 |
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | R109805 | Total Assessment | £1,026,199 |
| Land Assessment | £0 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R109805
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,026,199
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | RM3 |
| RM3 |
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
14937 SE Stark St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.