Fessenden 6-Plex

6839 N Fessenden St, Portland, OR 97203

Price$875,000

Number of Units6

Building Size5,075 sqft

Price/Unit$145,833

Property TypeMultifamily

Sub TypeTwo Story, Wood Frame

Cap Rate6.52%

Highlights

Fantastic Location — Desirable St. Johns Neighborhood
Laundry Available on Site — Laundry Facilities On Site for Additional Income
Rental Income — Upside in Rents
Recently Upgraded — 4 of 6 Units Have Been Renovated

Description

Built in 1972, the Fessenden 6-Plex is located centrally in the popular St. Johns neighborhood of Portland. The property is comprised of 6 apartment homes and a unit mix of 1 one bedroom/one bathroom, 3 two bedroom/one bathroom and 2 two bedrooms/one bathroom townhomes. The property offers off-street parking, spacious open floorplans and onsite laundry.

The Fessenden 6-Plex is comprised of 2 two-story buildings with wood frame construction and pitched composition roof.

Listing Broker is 20% owner of property.