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Marquam Development Opp.

3407 SW US Veterans Hospital Road, Portland, Oregon 97239

$4,100,000

Status:
Available
County:
Multnomah
Units:
16
Year Built:
N/A
Land Size:
27,369 SF
Building Size:
14,531 sq. ft.
Unit Mix:

Two duplexes, one five-plex, two three-plexes, and one single-family residence. 

Property Photo

The two land sites currently have six (6) existing, income-producing buildings. The buildings are a combination of a SFR home and five (5) multifamily plexes. A total of 15 plex units and one SFR home are professionally managed as a combined portfolio. Rents currently average $1,459 per unit. The buildings can produce approximately $280,000 in gross rents annually. Given housing demand on Marquam Hill and their proximity to the OHSU campus, the properties are consistently fully occupied. The buildings offer a developer a source of income up to construction at the site.

16
Units
N/A
Year Built
14,531
SQ. FT.

Property Location