3204 SW 10TH AVE, Portland, OR 97239

$1,200,000
4,116
SqFt

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List Price
$1,200,000
Days on Market
155
MLS#
433873883
Property Type
Multifamily
Sqft. of Residence
4,116
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland NW/ SW/ S, Raleigh Hills
Status
ACTIVE

Property Description

Exceptional investment opportunity just two blocks from OHSU, offering strong and consistent rental demand from medical residents, dental and nursing students, and nearby tech professionals. This well-maintained multi-unit property features extensive updates throughout, including hardwood flooring, quartz countertops, and updated cabinetry in both kitchens and baths. All units are equipped with stainless steel appliances, including dishwashers and modern stainless exhaust hoods, along with high-efficiency washers and dryers for added tenant convenience.The property offers desirable parking with space for two vehicles per unit, a rare feature for the area. Two units feature fireplaces, while the building’s layout provides a quiet and private setting with two units facing north and two units oriented southwest for optimal light and livability. Additional upgrades include newer double-pane windows, a newer hot water heater, and a roof replaced approximately two years ago, helping to minimize future capital expenditures.Cadet electric wall heaters provide efficient heating, and the property’s proximity to OHSU ensures strong occupancy potential with long-term tenants. Located in a highly sought-after area with excellent access to transit, downtown Portland, and major employment centers, this property presents a turnkey, income-producing opportunity with long-term upside.

Additional Information

Tax Amount
$16,881
Year Built
1953
High School
Lincoln
Elementary School
Ainsworth
Middle School
West Sylvan
Acres
0.12
Living Area
4,116
Stories
3
Subdivision
HMSTD
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Electricity
Heating Description
Baseboard
Hoa Rent Includes
Sewer, Trash Collection, Water
Hot Water Description
Electricity
Exterior Description
Wood Siding
Roof Type
Membrane
Sewer Description
Public Sewer
View
City, Trees/Woods
Parking
Driveway, On Street
Parking Description
Driveway, On Street
Road Surface
Gravel, Paved
Number Of Units Total
4
Unit Type One Baths Total
2
Unit Type One Beds Total
2
Unit Type One Rent
2200
Unit Type One Sq Ft
1317
Unit Type One Units Total
1
Unit Type Two Baths Total
2
Unit Type Two Beds Total
2
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
2062
Unit Type Three Sq Ft
1118
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
1897
Unit Type Four Sq Ft
1031
Unit Type Four Units Total
1

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Calculator source: Real Geeks

Listing courtesy of Better Homes & Gardens Realty.

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