11445 SW GREENBURG RD, Portland OR, 97223

Active

11445 SW GREENBURG RD

Portland OR, 97223

$1,675,000

$230.34 per sqft

Active

2 Beds

2 Baths

7,272 sqft

Multi-family

Built in 1967

Courtesy of RealtyNET, LLC 800-883-6905

The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby.The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place.Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents.

24177213

MLSⓇ ID

March 4, 2024

Listed

May 9, 2024

Updated

Map

11445 SW GREENBURG RD
Portland OR, 97223

Interior Features

Total Stories: 2
Bedrooms: 2
Total Bathrooms: 2
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Baseboard

Exterior/Building Features

Lot Size: 0.43 Acres
Lot Features: Level, Secluded, Trees
Roof: Shingle
Sewer: Public Sewer

School Information

High School: Southridge
Elementary School: Metzger

Other Property Details

Area Name: _151
Taxes: $12,113
Tax Frequency: Annually
Garage: No
Parking: Open
View: No
County: Washington
Water Source: Public Water
Pool: No
Zoning: Multi
Buyer Agency Compensation: 2%

Courtesy of RealtyNET, LLC, Greg Messick
Listing Contact: 800-883-6905

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This content last updated on 5/9/2024, 12:05 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.