5377 SE 18TH AVE Portland, OR 97202

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$2,800,000

Market Estimate

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0.11 Acres
Commercial
Listing# 20044300

Listing provided courtesy of: Keller Williams Realty Portland Premiere

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Views: 216 Days On Site: 297

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Property Details

Description

Stunning modern new construction 12 unit apartment complex from quality local builder with 1bed, 1 bath units. Newly completed with excellent projected rents! Trendy, open concept floor plan showcases modern amenities, tall ceilings, SS appliances, W/D in units, lots of windows, and more! Situated in the desirable Sellwood-Moreland neighborhood! Right near transit, shopping, eateries, parks, schools, and freeway access!

General Features
- Acres 0.11
- Area Portland Southeast
- Bank Owned Y/N No
- Country US
- Fuel Description Electricity
- Gross Income Actual 0
- Gross Income Projected 185460
- Heating Description Heat Pump
- Net Income Actual 0
- Net Income Projected 138891
- Operating Expenses Actual 0
- Operating Expenses Projected 46296
- Sewer Description Public Sewer
- Short Sale Y/N No
- Stories 2
- Supplement Number 0
- Tax Amount 0.00
- Terms Cash,Conventional
- Third Party Approval Y/N No
- View Type Trees/Woods
- View Y/N Yes
- Water Description Public
- Year Built 2020
- Zoning RM2
Building Features
- Buildings Total 1
- Construction Cement Siding
- SqFt Approximate Gross 5770
Room Features
- Legal Description ALTON PK, BLOCK 2, LOT 4
- Limited Representation Y/N Full Service
Property Features
- Lot Size 5,000 to 6,999 SqFt
- Property Category Commercial Sale
- Property Type Income
- Sale Includes Building,Land

Contact

Michael Beirwagen

Real Estate Broker

Lake Oswego Office

Mobile Phone: 503-810-0505

Neighborhood

97202 (Portland) Demographics

35 Median Age

6,582 Population Density (per sq. mile)

65% College Educated

$61,768 Estimated Median Income

8,860 Estimated Total Home Owners

9,150 Estimated Total Renters

49% / 51% Estimated Owner / Renter Divide

2 Estimated Average Household Size

41,719 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

Private Creative Minds Learning Center - Sellwood

Grades: 2 - 3
Enrollment: 10

Public Duniway Elementary School

Grades: KG - 5
Enrollment: 495

Public Grout Elementary School

Grades: KG - 5
Enrollment: 376

Public Llewellyn Elementary School

Grades: KG - 5
Enrollment: 535

Private Puddletown School

Grades: 2 - 7
Enrollment: 31

Private St Agatha Catholic School

Grades: 2 - 13
Enrollment: 198

Private Tucker Maxon School

Grades: 2 - 10
Enrollment: 55

Private Whole Child Montessori Center

Grades: 2 - 3
Enrollment: 12

Public Winterhaven School

Grades: KG - 8
Enrollment: 350

Middle Schools

Private Puddletown School

Grades: 2 - 7
Enrollment: 31

Public Sellwood Middle School

Grades: 6 - 8
Enrollment: 561

Private St Agatha Catholic School

Grades: 2 - 13
Enrollment: 198

Private Tucker Maxon School

Grades: 2 - 10
Enrollment: 55

Public Winterhaven School

Grades: KG - 8
Enrollment: 350

High Schools

Public Cleveland High School

Grades: 9 - 12
Enrollment: 1600

Private St Agatha Catholic School

Grades: 2 - 13
Enrollment: 198

Private Tucker Maxon School

Grades: 2 - 10
Enrollment: 55

Private Yourth Progress Learning Center

Grades: 14 - 17
Enrollment: 30

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$630,000 Median Sales Price

42 Homes Sold

37 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $2,800,000
4/2/2020 3:37:00 PM	New in Database Source	New Value: $2,800,000

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2021 RMLS™, Portland, Oregon. This content last updated on 1/24/2021 5:51:58 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.