Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
Property Details
Property Features
Property Information:
Year Built: 2005
Stories: 2
Living Area: 14,080 SqFt
Listing Office:
Office Name: RE/MAX Equity Group
Office Phone: (503) 653-0607
Listing Agent: Wayne Sanman
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Attached Garage: No
Parking: Street Parking, Paved
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.73 Acres
Utilities
Utilities Information:
Heating: Radiant, Zoned
Other
Directions Information:
Directions: SE 148th
Price Information
Listing Price Info
Price Summary:
List Price: $2,600,000
Price Per SqFt: $185/SqFt
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Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Glenfair Elementary School
15300 NE Glisan St
Distance between this listing and this school0.48 miles
Public District Grades KG-5
4
/10
Parklane Elementary School
15811 SE Main St
Distance between this listing and this school0.52 miles
Public District Grades KG-5
3
/10
Lincoln Park Elementary School
13200 SE Lincoln St
Distance between this listing and this school1.09 miles
Public District Grades PK-5
Nearby Schools
5
/10
Oliver Middle School
15840 SE Taylor St
Distance between this listing and this school0.53 miles
Public District Grades 6-8
1
/10
Hauton B. Lee Middle School
1121 NE 172nd Ave
Distance between this listing and this school1.35 miles
Public District Grades 6-8
6
/10
Rockwood Preparatory Academy
740 SE 182nd Ave
Distance between this listing and this school1.66 miles
Public Charter Grades KG-7
Nearby Schools
3
/10
David Douglas High School
1001 SE 135th Ave
Distance between this listing and this school0.86 miles
Public District Grades 9-12
4
/10
Centennial High School
3505 SE 182nd Ave
Distance between this listing and this school2.19 miles
Public District Grades 9-12
1
/10
Reynolds Learning Academy
20234 NE Halsey St
Distance between this listing and this school2.77 miles
The neighbors living near this home have an average income of $33,563. Typical income of Portland, OR residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 14937 SE Stark St
What is the listing price of this property?
The listing price of 14937 SE Stark St property is $2,600,000.
What type of property is this?
The property 14937 SE Stark St is a house located in Portland, Oregon, 97233.
Is this property for sale now?
Active Listing: 14937 SE Stark St is For Sale (Active/New) which means the seller is accepting offers.
What is the square footage of this property?
The property 14937 SE Stark St is 14,080 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 14937 SE Stark St is 2005.
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This home is located at 14937 SE Stark St in Portland, OR and zip code 97233 in the East Portland neighborhood. This 14,080 square foot home, which was built in 2005, sits on a 0.73 acre lot. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $2,600,000.
In October 2024 more than 298 listings in Portland, OR were sold above the asking price. During the same period more than 212 listings were sold at asking price, while more than 339 were sold below. The number of listings in Portland, OR increased by 4.2% between September 2024 and October 2024. In October 2024 median list price was $541,309 and the average listing age was 48 days.
From Rocket Homes Real Estate and based on county public records data.
The 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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