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Brian Gass

brian@1realty.com +1(360) 201-0908

Listed by:Savi Realty • Gabe Terreson

$675,000

Est. payment - /mo

6 Beds

5 Baths

2,976 SqFt

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Open House

Sat May 30, 1:00pm - 3:00pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,976 sqft

Price per Sqft $226

Subdivision Oregon

MLS Listing ID 2530898

Style 55 - 5-9 Units

Bedrooms 6

Year Built 1959

Annual Tax Amount $7,724

Lot Size 5,000 Sqft

Property Sub-Type Multi Family

Property Description

This fiveplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.Located at the corner of NE Failing and NE 81st, this fully leased fiveplex was extensively remodeled in 2019 following a fire. The property includes four one-bedroom, one-bath units and one two-bedroom, one-bath unit. Projected 2026 gross income is $72,540, with real estate taxes of $7,724. The landlord covers water, sewer, trash, and landscaping. All tenants are on month-to-month leases with tenures ranging from three to four years.This property offers a well-maintained, income-producing asset with stable occupancy in a convenient Northeast Portland location.

Location

State OR

County Multnomah

Area 2000 - Oregon

Interior

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

Elementary Schools Lee Elementary

High Schools Leodis V. Mcdaniel High

School District Portland Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Brian Gass

+1(360) 201-0908

Designated Broker | License ID: 26737

Designated Broker License ID: 26737

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8107 NE Failing ST Portland, OR 97213

Brian Gass

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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