6202 SW BURLINGAME AVE $2,300,000

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    6202 SW BURLINGAME AVE Portland, OR 97239

    • 9 Beds
    • 9 Baths
    • Multi-Family
    • Listing# 22063361
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    Views: 34 Days On Site: 175

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    Property Details

    For sale: 0.55 acres of land zoned RM2 with an existing 8 unit, 9 bedroom apartment complex that is well positioned giving the potential to develop more units. Concept plans complete to build two added buildings, a total of 14 units. Located in the heart of the SW Hillsdale neighborhood only one block from the town center. Storage/laundry room could be converted to an extra unit. The property has room for improvements and rent increases.

    • General Features
      • Area Portland NW/ SW/ S, Raleigh Hills
      • Bank Owned Y/N No
      • Capitalization Rate 2.63
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 96028
      • Gross Rent Multiplier 23.95
      • Heating Description Ceiling
      • Hot Water Description Electricity
      • Net Income Actual 60577
      • Number Of Units Total 8
      • Operating Expenses Actual 35451
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 3
      • Subdivision HILLSDALE/BURLINGAME
      • Supplement Number 0
      • Tax Amount 16895.11
      • Terms Call Listing Agent,Cash,Conventional
      • Third Party Approval Y/N No
      • Utilities Included None
      • View Type Territorial
      • View Y/N Yes
      • Water Description Public Water
      • Year Built 1970
      • Zoning RM2
    • Building Features
      • Basement1 Slab
      • Common Amenities Laundry
      • Exterior Description Aluminum
      • SqFt Approximate Building Total 6435
      • Storage Individual Storage Units
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 1
      • Unit Type1 Features Dishwasher,Disposal,Range,Refrigerator
      • Unit Type1 Rent 995
      • Unit Type1 SqFt 710
      • Unit Type1 Units Total 1
      • Unit Type2 Baths Total 1
      • Unit Type2 Beds Total 1
      • Unit Type2 Features Dishwasher,Disposal,Range,Refrigerator
      • Unit Type2 Rent 825
      • Unit Type2 SqFt 710
      • Unit Type2 Units Total 1
      • Unit Type3 Baths Total 2
      • Unit Type3 Beds Total 2
      • Unit Type3 Features Dishwasher,Disposal,Range,Refrigerator
      • Unit Type3 Rent 950
      • Unit Type3 SqFt 710
      • Unit Type3 Units Total 2
      • Unit Type4 Baths Total 3
      • Unit Type4 Beds Total 3
      • Unit Type4 Features Dishwasher,Disposal,Range,Refrigerator
      • Unit Type4 SqFt 710
      • Unit Type4 Units Total 3
      • Unit Type4Rent 1095
      • Unit Type5 Baths Total 2
      • Unit Type5 BedsTotal 2
      • Unit Type5 Features Dishwasher,Disposal,Range,Refrigerator
      • Unit Type5 Rent 1350
      • Unit Type5 SqFt 900
      • Unit Type5 Units Total 1
      • UnitFeatures Dishwasher,Disposal,Range,Refrigerator
      • UnitTypeType 1,2,3,4,5
    • Room Features
      • Legal Description BURLINGAME SUB, BLOCK 51, SUB LOT A-F OF LOT 8, SUB LOT A-E OF LO
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description Corner Lot,Secluded,Wooded,Gentle Sloping
      • Lot Size 20,000 SqFt to .99 Acres
      • Property Category Multi Family
      • Roof Type Composition
    • Schools
      • Elementary School Rieke
      • High School Ida B Wells
      • Middle School Robert Gray

    Contact

    GoodHome Group, LLC

    GoodHome Group, LLC

    Our Brokers: Mark Shadrin & Andrea Gonzalez (Espanol)

    Real Estate Professionals Salem

    Direct: 503-983-4405
    • American Home Shield - Be sure with the Shield.

    Neighborhood

    97239 (Portland) Demographics

    39 Median Age
    4,964 Population Density (per sq. mile)
    79% College Educated
    $93,594 Estimated Median Income
    4,411 Estimated Total Home Owners
    4,838 Estimated Total Renters
    48% / 52% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    18,637 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $600,000 Median Sales Price
    35 Homes Sold
    77 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,300,000
        1/1/2022 3:06:00 PM New in Database Source: Multiple Listing Service New Value: $2,300,000

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        MLS LogoThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Real Estate Professionals are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 RMLS™, Portland, Oregon. This content last updated on 6/25/2022 3:53:16 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.