Leave a Message

By providing your contact information to Eleete Real Estate, your personal information will be processed in accordance with Eleete Real Estate's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from Eleete Real Estate at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.

Thank you for your message. We will be in touch with you shortly.

Explore Our Properties

Property Description

Classic 1973 garden-style triplex on a 7,500 SF corner lot in Portland's Central Northeast submarket, fully leased, professionally managed, and operating at stabilized occupancy. Three large 2-bed/2-bath units average about 1,457 SF and function more like townhomes, with in-unit laundry, dishwashers, full appliance packages, and private patios/balconies, offering above-average unit size versus typical competing stock. Six on-site parking spaces (three attached garages plus three paved surface stalls), level topography, and average, easy-to-maintain landscaping support long-term operating efficiency.For investors, the asset is 100% occupied with stable tenancy, clean rent rolls, and professionally prepared financials in a Central Northeast submarket where occupancy and rent growth have shown consistent long-term performance and vacancy is concluded at just 3% in the appraisal's underwriting. The triplex is zoned R5 with legal, conforming multifamily use and is appraised at a Market Value As Is of $600,000 ($200,000 per unit), supported by both income capitalization and sales comparison approaches, providing a clear basis for pricing and financing. Proximity to I-84, TriMet, and established retail and employment nodes helps sustain renter demand and supports durable cash flow and long-term value appreciation.

Overview

Property Status
For Sale
Lot Size
7,405 Sq.Ft.
MLS ID
586637231
Property Type
Multi-Family
Year Built
1973

Features & Amenities

Total Area
4,371 Sq.Ft.
Neighborhood
Beaumont-Wilshire
View Description
Territorial
Stories
2
Garage Spaces
3.0
Water Source
Public Water
Roof
Shingle
Lot Features
Level
Parking
Attached, Paved
Heat Type
Wall Heater
Air Conditioning
None
Sewer
Public Sewer
Substructure
Slab
Security Features
None
Elementary School
Alameda
Middle School
Beaumont
High School
Grant
Sales Price
$600,000
Real Estate Tax
$11,069/yr
Zoning
R5

Downloads

4110 NE 42ND AVE

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

By providing your contact information to Eleete Real Estate, your personal information will be processed in accordance with Eleete Real Estate's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from Eleete Real Estate at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.

Thank you

for your interest in 4110 NE 42ND AVE, Portland, OR 97218

4110 NE 42ND AVE
Navigate
Beaumont-Wilshire

Explore Beaumont-Wilshire

Developed in 1910, is one of the toniest neighborhoods in Portland, yet its upscale feel is casually tempered by its down-to-earth walkability.

read more

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
$0,000 Your Payment 20 15 65
$0,000 Your Payment

I'm Interested In

4110 NE 42ND AVE

or
  • CallLee Davies

    License #851200114

    (503) 997-1118
  • Follow Us On Instagram