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Listed by Keller Williams Realty Portland Central
$ 2,800,000
Est. payment | /mo
2.82 Acres Lot
$ 2,800,000
Est. payment | /mo
2.82 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Harney Heights
MLS Listing ID 530629853
HOA Y/N Yes
Year Built 1977
Annual Tax Amount $1,972
Tax Year 2024
Lot Size 2.820 Acres
Property Description
Exceptional opportunity for investors! Secure an exceptional, fully occupied 14 condo units at 3903 E 18th St, featuring immediate cash flow and the added security of the popular Ravenwood Condo GATED COMMUNITY. This is a true turnkey asset with premium tenant amenities that drive demand and retention.Each of the 14 units is a spacious 2-bedroom, 1-bathroom condo, a highly desirable configuration for renters. The property offers superior convenience: EACH UNIT INCLUDES ITS OWN IN-UNIT LAUNDRY and is conveyed with ASSIGNED PARKING per unit with plenty of guest parking, eliminating common ownership headaches and maximizing tenant satisfaction.Property Highlights:14 Units Total: All desired 2 Bed / 1 Bath floor plans. 906SQFT.Premium Amenities: In-Unit Laundry, Gas Fireplaces, and Assigned Parking for every unit—rare features that command top rents. Gated Community: Provides enhanced security, exclusivity, and strong curb appeal.Strong Financials: High occupancy and established rental history ensure immediate and stable cash flow.Low-Maintenance: Well-maintained property with a freshly painted exterior! Convenient Location: Close to Highways, shopping, restaurants and the airport.A rare opportunity to acquire a well-appointed, multi-family asset of this size in a prime, secure location. This is a must-see for serious portfolio expansion. Please do not disturb tenants.
Location
State WA
County Clark
Area _12
Zoning MD
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Lot Description Gated, Level
Story 1
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools King
Middle Schools Mcloughlin
High Schools Fort Vancouver
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224