Listing Courtesy of: Brian Spear - JMA Properties LLC
503-575-1818
$1,850,000
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4318 SE MILWAUKIE Ave Unit 4318 Portland, OR 97202
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
10,147
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Studs-Out remodel with exceptional craftsman touches and thoughtful upgrades throughout. This building is a 10! Perfect for owner occupants looking for a premium stand-alone artist/workshop/studio! Welcome home to the iconic Brooklyn Apartments! 8 Residential units in total (plus shop, office and ba...sement). The original 1907 building has been lovingly cared for and completely updated with new systems all while keeping the vintage charm of the Arts & Crafts era intact. The original building includes a mix of (2) 2-bedroom, (4) 1-bedroom units and (1) studio apartment with a separate office space in the basement. All the units feature stylish finishes, creative use of space and vintage flair! The building's basement is very spacious and open area for future storage / extra unit potential. The detached ADU (garage/shop with 2-bedroom owner's unit) was built in 2013 and is perfect for the woodworker, artist or craft maker looking for their own detached and free-standing 873sf shop! The unit features amazing views to the east off their own private deck. The unit itself is dialed-in with gorgeous crown molding and built-ins throughout. The shop is fully functional with all the electrical upgrades one would expect. The building is currently fully occupied with projected income of $162,180 annually and projected NOI of $110,410. All units have been given rent increase notices to be effective 4/1/25 making this an attractive truly turn-key investment. The seller is a carpenter and a craftsman - the pride of ownership will amaze you.
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MLS#
24024292
Property Type
Multi-Family
Status
Year Built
1907
Square Feet
10,147
sq. ft
Lot Size
0.19
Sewer
Public Sewer Available
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