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1659 SE REX ST

Portland, OR 97202
Square Ft.
3,999
Active
Multifamily
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$975,000
Pleased to exclusively represent the sale of 1659–1665 SE Rex Street, a five-unit apartment building located in the heart of Portland’s vibrant and highly sought-after Sellwood-Moreland neighborhood. This offering presents a rare opportunity to acquire an asset with very stable rental history, low-density, single story with a diverse unit mix… Read MoreRead Less
Listing courtesy of RealtyNET, LLC.
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
3,999
Lot Size
0.17 Acres
Year Built
1948
MLS Number
768016266
30 Days Snapshot Of 97202
$721k
+1%
(avg) sold price
45
-4%
homes sold
33
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: None
Building
Building Area Total: 3999, Built in 1948, Storage: None, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Community
Community Features: Laundry
Cooling
Cooling: None
Expenses
Operating Expense Scheduled: 41022, Operating Expense: $39,906
Exterior Features
Exterior Description: HardConcreteStucco
Foundation
Foundation Details: Other
Heating
Heating: Baseboard
Income
CAP Rate: 5.76, Gross Income: $96,054, Gross Rent Multiplier: 10.15, Gross Scheduled Income: $100,467, Net Operating Income: $56,148, Net Scheduled Income: 59445
Lot
Size Acres: 0.17, Size Range: SqFt7000to9999, Size Square Feet: 7,405, Size: 7,000 to 9,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, ProfitLossStatement
Parking
Features: OnStreet
Property
Number Of Units Total: 5, Property Condition: Existing, Zoning: R-1
Roof
Roof: Flat
Security Features
Features: None
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $10,179, Legal Description, Tax Year: 2024
Unit One
Area: 684, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Area: 750, Features: WoodFloors, Units Total: 3, 1 total bathroom, 2 total bedroom
Unit Three
Area: 911, Units Total: 1, 1 total bathroom, 3 total bedroom
Utilities
Fuel Description: Electricity, Gas, Hot Water Description: Other, Internet Service Type: Other, Water Source: PublicWater
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Monthly Payment
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Jamie Meushaw
Real Estate Professional
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Schools In The Area

Check out nearby schools with ratings and contact info.
Llewellyn Elementary School 503-916-6216 Public KG-5
Sellwood Middle School 503-916-5656 Public 6-8
Cleveland High School 503-916-5120 Public 9-12
Llewellyn Elementary School 503-916-6216 Public KG-5
Llewellyn Elementary School 503-916-6216 Public KG-5
Sellwood Middle School 503-916-5656 Public 6-8
Cleveland High School 503-916-5120 Public 9-12

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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.
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.