2326 NE LOMBARD ST Portland, OR97211

$732,000
4 total units
8 total bedrooms
8 total bathrooms
$61,680 annual income
Capitilization Rate: 6.63
4480 total sq. ft
10,000 to 14,999 SqFt
Elementary School: Faubion
Middle School: Faubion
High School: Jefferson
Zoning: RM 1
1205 days on market

VestorFilter™

Price per unit$183K/unit
Price per ft²$163.38/ft²
Recent price drop$7,000
Price per acre$3.12M/ac
Price per bedroom$91.5K/bed
Time on market1205 days
2326 NE LOMBARD ST (1 of 8)

Property Description

This well maintained Large Concordia area Town Home style 4 plex is perfect for a seasoned investor or a first time owner. Each unit is 1120 square feet. All are 2 bedroom and 1 1/2 baths. Updates include newer vinyl windows and flooring, extra insulation, interior paint. Gross rent multiplier is only 11.98 and the CAP Rate is 6.54. Long term tenants. All tenants are current on rent in spite of rent moratorium due to COVID. Possibility for an owner occupied scenario.

{{ compliance-logo }}Listing Provided By Century 21 Cascade

Financial Data

Date Sold2021-07-13
Sold Price$732,000
Price ChangeDropped $7,000 on 07/21/2021
Total $37,000 drop
Original Price$769,000
Current Price$732,000
Property Taxes$6,743

Find On Map

Home Facts

StatusSold
Year Built1969
Exterior Features
MLS ID21389077

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4
Reset