1607 NW DAVIS ST, Portland, OR 97209

$7,995,000
List Price
$7,995,000
Days on Market
27
MLS#
18252665
Property Type
Multifamily
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland West, Raleigh Hills
Status
Active

Property Description

The 1607 Apartments offer a unique investment opportunity with multiple appreciation strategies. The units were built to condo quality standard and average over 1,000 sqft. Each unit includes modern finishes and amenities; washers and dryers, AC and heating units, stainless steel appliances, quartz counter tops, gas fireplaces, decks or balconies, and more. The property also has gated underground parking and storage available.

Additional Information

Tax Amount
$85,019
Year Built
2013
Garage Spaces
14
Stories
3
Terms
Call Listing Agent
Fuel Description
Electricity
Heating Description
Forced Air
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
26864
Capitalization Rate
4.13
Operating Expenses Actual
148176
Gross Income Actual
478160
Gross Rent Multiplier
16.72
Net Income Actual
329984
Occupancy Types
Leased, Month to Month
Security Or Entry
Security Gate
Utilities Included
Trash Collection, Sewer, Water
Parking Description
Secured, Garage
Number Of Units Total
20
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1305
Unit Type One Sq Ft
436
Unit Type One Units Total
5
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1630
Unit Type Two Sq Ft
709
Unit Type Two Units Total
5
Unit Type Three Baths Total
2
Unit Type Three Beds Total
2
Unit Type Three Rent
2408
Unit Type Three Sq Ft
1251
Unit Type Three Units Total
3
Unit Type Four Baths Total
3
Unit Type Four Beds Total
2
Unit Type Four Rent
2125
Unit Type Four Sq Ft
1233
Unit Type Four Units Total
2
Unit Type Five Baths Total
2
Unit Type Five Beds Total
3
Unit Type Five Rent
2446
Unit Type Five Sq Ft
1633
Unit Type Five Units Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Joseph Bernard LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2018 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.