2422 NE Glisan St
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2422 NE Glisan St
4 Unit Apartment Building Offered at £1,247,585 at a 4.84% Net Initial Yield in Portland, OR 97232
Executive Summary
Amazing opportunity to own an updated 4-plex with an additional auxiliary space in the highly desirable Kerns neighborhood! Walk score of 97 and bike score of 100! Each unit has quartz counters, vinyl flooring and features fully updated kitchens with stainless steel appliances, which include dishwasher, and refrigerator. The auxiliary space could be rented out separately; combined with another unit; or serve as a classic pied-à-terre for the new owner.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,247,585 | Property Type | Residential |
| Price Per Unit | £311,896 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 3,575 SF |
| Net Initial Yield | 4.84% | Number of Floors | 3 |
| No. Units | 4 | Year Built | 1913 |
| Price | £1,247,585 |
| Price Per Unit | £311,896 |
| Sale Type | Investment |
| Net Initial Yield | 4.84% |
| No. Units | 4 |
| Property Type | Residential |
| Lot Size | 0.10 AC |
| Building Size | 3,575 SF |
| Number of Floors | 3 |
| Year Built | 1913 |
Unit Amenities
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 1 | £2,008 | 950 |
| 2+2 | 1 | £1,650 | 950 |
| Studios | 1 | £1,042 | 325 |
| 2+1 | 1 | £1,445 | 850 |
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Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | R265693 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £324,009 |
PROPERTY TAXES
Parcel Number
R265693
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£324,009
zoning
| Zoning Code | RM2 |
| RM2 |
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2422 NE Glisan St
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