About 916 Sw King Ave
2024 is the year to level up. Have / want a business? Buy the building! Live/work in an awesome location nestled among other historic homes. This prime investment boasts 12 units (2 residential & 10 commercial), a strategic location with stunning views of Downtown, coupled with the convenience of off -street parking. Enjoy the charm of the surrounding neighborhood, a brief walk away from the vibrant shops and restaurants along NW 21st and 23rd in NobHill. The property has undergone extensive renovations both inside and out, ensuring a turnkey investment with potential for additional value. Please refrain from disturbing the current tenants and check out the virtual tour. For a comprehensive overview of projected income and expenses, an income/expense sheet is available upon request. Don't miss out on this unique opportunity to invest in a meticulously maintained property in a sought-after location that continues to increase in value. Bring your creative ideas to capitalize on the ideal location. Seller will consider carrying financing for well-qualified buyers putting in a strong offer with 50% down.
Features of 916 Sw King Ave
| MLS® # | 24590794 |
|---|---|
| Price | $1,200,000 |
| Units | 12 |
| Square Footage | 5,079 |
| Year Built | 1896 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 916 Sw King Ave |
|---|---|
| Area | 148 - Portland NW/ SW/ S, Raleigh Hills |
| Subdivision | GOOSE HOLLOW |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97205 |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 4 |
| Has Basement | Yes |
| Basement | Exterior Entry, Finished |
Exterior
| Exterior | Lap Siding |
|---|---|
| Lot Description | Corner Lot, Gentle Sloping, Trees |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Chapman |
|---|---|
| Middle | West Sylvan |
| High | Lincoln |
Additional Information
| Date Listed | March 5th, 2024 |
|---|---|
| Days on Market | 58 |
| Zoning | RM4 |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 4.87 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1 |
| Rent | $1,699 |
| Features | AirConditioning, Deck, Refrigerator, WasherDryer |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1 |
| Rent | $1,249 |
| Features | Deck, Dishwasher, Disposal, Refrigerator |
Unit 3 Details
| Rent | $650 |
|---|
Unit 4 Details
| Rent | $600 |
|---|
Unit 5 Details
| Rent | $300 |
|---|
Unit 6 Details
| Rent | $500 |
|---|
Unit 7 Details
| Rent | $350 |
|---|
Unit 8 Details
| Rent | $450 |
|---|
Unit 9 Details
| Rent | $575 |
|---|
Listing Details
| Office | Works Real Estate |
|---|