OR > Portland
Portland, OR 97213,5516 NE HOYT ST
Portland, OR 97213,5516 NE HOYT ST
Portland, OR 97213,5516 NE HOYT ST
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$935,000
Est. payment /mo
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3,306 SqFt
Pending

5516 NE HOYT ST Portland, OR 97213

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Donna Jo Merrifield

Donna Jo Merrifield

+1(541) 981-1436

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,306 sqft

Price per Sqft $282

MLS Listing ID 327417535

HOA Y/N No

Year Built 1966

Annual Tax Amount $12,753

Tax Year 2024

Lot Size 4,356 Sqft

Property Description

Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.

Location

State OR

County Multnomah

Area _142

Zoning R1

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling None

Exterior

View City

Roof Type BuiltUp

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Laurelhurst

Middle Schools Laurelhurst

High Schools Grant

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

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Donna Jo Merrifield

Donna Jo Merrifield

Principal Broker, South/Central OR Area Leader, Dream & Key Group Team Leader | License ID: 971200102

+1(541) 981-1436

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5516 NE HOYT ST