$935,000

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5516 Ne Hoyt St Portland, OR, United States 97213

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.

Amenities

  • Bedrooms: 7
  • Full Bathrooms: 4
  • Partial Bathrooms: 0
  • Property Type: Multifamily
  • Year Built: 1966
  • Built in 1966
  • Home size: 3,306 ft2 / 307.13 m2
  • MLS: 327417535
  • Status: Pending

Property brokered by

Windermere Real Estate Western WA and OR

(206) 526-7730

Get more listing details on brokerage site

Presented by Chris Mackey

  • (541) 484-2022 (Office Phone)

Contact Chris Mackey

Contact Agent

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