OR > Portland
Portland, OR 97213,5516 NE HOYT ST
Portland, OR 97213,5516 NE HOYT ST
Portland, OR 97213,5516 NE HOYT ST
Portland, OR 97213,5516 NE HOYT ST
Portland, OR 97213,5516 NE HOYT ST
Portland, OR 97213,5516 NE HOYT ST
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Charles "Phil" Carscallen

Charles "Phil" Carscallen

MORE Realty

+1(503) 453-5512
Listed by Windermere RE Lane County • 541-525-2559
$ 935,000
Est. payment | /mo

3,306 SqFt

Save
$ 935,000
Est. payment | /mo
Save

3,306 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,306 sqft

Price per Sqft $282

MLS Listing ID 327417535

Year Built 1966

Annual Tax Amount $12,753

Tax Year 2024

Lot Size 4,356 Sqft

Property Description

Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.

Location

State OR

County Multnomah

Area _142

Zoning R1

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling None

Exterior

View City

Roof Type BuiltUp

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Laurelhurst

Middle Schools Laurelhurst

High Schools Grant

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
Charles "Phil" Carscallen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 453-5512

phil.carscallen@gmail.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

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5516 NE HOYT ST