405 NE MASON ST Portland, OR $ 10,268,000
405 NE MASON ST
$ 10,268,000
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405 NE MASON ST

Portland, OR, 97211
$ 10,268,000
Bedrooms1 Baths3.0 Sq 27,240

Monthly Estimate*

$ 71,725

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Multi-Family Home for sale in Portland, OR

for $10,268,000 with 1 bedroom and 3 full baths. This 27,240 square foot home was built in 2014.

Welcome to the epitome of urban living in this 36-unit apartment complex nestled in the heart of a vibrant North Portland neighborhood. Location is key, and this complex is strategically situated close to public transportation, ensuring easy connectivity to all corners of the city. Residents will find themselves just steps away from an array of shops, trendy eateries, and cultural hotspots. OMSI and MODA Center are just a stone's throw away. Additionally, the proximity to a major employer adds to the allure of this prime location.Each of the 36 units has been meticulously designed to offer a contemporary and comfortable living space. The interior features showcase a harmonious blend of style and functionality, with wood floors adding a touch of warmth to the living areas. Stainless steel appliances in the kitchen provide a sleek and modern aesthetic, while the inclusion of air conditioning ensures year-round comfort.One of the standout features of every unit is the convenience of having a Washer & Dryer within the living space. Residents can enjoy the luxury of doing laundry without leaving the comfort of their home, adding to the overall appeal and practicality of these units.Large windows not only frame scenic views of the surrounding neighborhood but also contribute to a sense of spaciousness, natural light floods in making these apartments feel like true urban sanctuaries.Beyond the residential units, the complex features two retail spaces, offering additional revenue potential or the chance to curate a vibrant community hub within the property. This property is part of a portfolio known for its impressive almost 100% occupancy rates. Acquiring a piece of this portfolio presents a rare opportunity to tap into a consistent and reliable income.Please reach out today for more information. We look forward to discussing this with you.

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Multi-Family Active

Price

$ 10,268,000

Bedrooms

1

Full Bath

3

Property Type

Multi-Family

Taxes

$ 86,118

Style

Year Built

2014

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24640157

Features
General
Sewer PublicSewer
Heating MiniSplit
Cooling EnergyStarAirConditioning MiniSplit
Zoning RH
Security Features Entry
Year Built 2014
Stories 5
Tax Year 2023
Gross Income 537477.0
County Multnomah
Net Operating Income 362085.0
Operating Expense 175392.0
Property Type MultiFamily
Subdivision Name LINCOLN PARK
Rent Includes None
Status Active
Directions N Albert St NE MLK Jr Blvd NE Prescott NE Grand Ave NE Mason St
High School Grant
City Portland
Total Units 36
MLS Area _142
Street Name MASON
Listing Terms Cash Conventional
Elementary School Sabin
Tax Annual Amount 86118.92
Middle/Junior High School Mt Tabor
Property Condition Approximately
Days on Market 86
Standard Status Active
Legal Description LINCOLN PK ANX BLOCK 14 LOT 7&8 EXC PT IN STS
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Interior
Basement None
Storage Locked
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 2
Unit 2 Beds Total 1
Street Suffix ST
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Covered Garage
Lot Features Level
Water Source PublicWater
Exterior Description Aluminum MetalSiding Stone
Foundation Details Slab
Building Area Total 27240.0
Lot Dimensions 8 276 SF
Road Surface Type Paved
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Internal Only
Street Number 1 405
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

ramonalocken@kw.com

Email

Affordability Calculator

$78,902
Per Month
91%
9%
0%
Monthly Principal & Interest
$71,725
Monthly Property Taxes
$7,177
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949211 Elementary School
4558202 Middle School
Grant High School High School
Pricing History
DatePricePrice ChangeDescription
2/1/2024$10,268,000 Listed Price

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405 NE MASON ST, Portland, OR, 97211 is a Multi-Family Home for sale at $10,268,000 with 27,240 sqft. 405 NE MASON ST has 1 bedrooms, 3.0 baths, and was built in 2014. The property's zip code is 97211 which is in Portland, OR