5042 NE Fremont St, Portland, OR 97213

$3,150,000

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Property Description

Well-located mixed-use investment property features 10 one-bedroom, one-bathroom apartment units and one ground-floor retail suite along NE Fremont Street in Portland's desirable Beaumont Village neighborhood.Efficient walk-up configuration, minimizing interior common areas and helping reduce ongoing maintenance and operating requirements. Low-maintenance asset built in 2023 with limited near-term capital needs in a desirable Northeast Portland location with favorable long-term fundamentals.A gated entry provides access to the units via an exterior staircase and open-air corridors, minimizing interior common areas and related cleaning and maintenance expenses.

5042 NE Fremont St | MLS# 477860916

This multi-family property located at 5042 NE Fremont St, Portland, OR 97213 is currently listed for sale with an asking price of $3,150,000. Search Portland real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Other
Fuel Type: Electricity
Heating: WallHeater
Lot Size: 50 x 77
Roof Type: Metal
Stories: 3.0
Taxes: $25,360
Year Built: 2023
Square Feet: 5,653

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Disposal, Refrigerator, WasherDryer
Rent: $1400.00
Square Footage: 469
Total Units: 10

Feature Descriptions

Days on Site: 20
Exterior: Cement Siding
Gross Income: $234112.00 (Actual)
Hot Water: Electricity, Tank
Lot: On Busline
Lot Dimensions: 50 x 77
Net Income: $161911.00 (Actual)
Operating Expenses: $72201.00 (Actual)
Parking: None
Parking Notes: None
Sewer: Public Sewer
Units: 10
Water: Public Water

Local Schools

High School: Grant
Middle School: Beaumont
Elementary School: Alameda

Listed By / Shown By

Listed By

Agency Name: Knipe Realty ERA Powered
Agency Contact: 503-201-8537

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 18,960.20 per month $15,928.11 Principal & Interest $2,113.33 Property Tax $918.75 Homeowner's Insurance

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