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

March 14, 2024

Updated

Map

11445 SW GREENBURG RD
Portland OR, 97223

Interior Features

Total Stories

2


Bedrooms

2 Beds


Bathrooms

2 Baths


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 

All information provided is deemed reliable, but is not guaranteed and should be independently verified. Listing information is provided exclusively for consumers’ personal, non‐commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLS™. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jennifer Fidler shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 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 brokerage firms other than Cadwell Realty Group are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers.

This content last updated on 3/14/2024, 6:52 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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