NEW LISTING: 8 units for sale, 2354 NW Glisan, $1,400,000
Located in the heart of Portland’s NW Alphabet District, this charming eight unit building in on the market for the first time this century! The building consists of four “double studios” and four one-bedroom units. The “double studios” are designated as studios because the bedroom is situated between the living room and kitchen/bath areas.
Price per unit: $175,000
Price per square foot (not including 2,268 unfinished basement square feet): $308.64
Estimated cap rate (actuals): 4.78%
Estimated cap rate (pro forma): 6.34%
-Fantastic NW Glisan location
-Walking score of 96
-Storage for each unit
The property has been well maintained by one owner for the past twenty years, with quality tenants. This is a unique NW Portland offering, with “upgrade potential” to the interiors upon turnover.
Bernard Gehret is the listing agent, call him for more details at the Joseph Bernard office: 503-546-9390.