10406 NE FARGO ST new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97220
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,056 sqft
Price per Sqft $184
Subdivision Parkrose/Gateway
MLS Listing ID 282202472
Year Built 1997
Annual Tax Amount $10,724
Tax Year 2024
Lot Size 8,276 Sqft
Property Description
PLEASE DO NOT DISTURB TENANTS.Rare and versatile investment opportunity with significant income potential! This fully permitted property includes 3 private studio apartments—each with its own kitchen and bath—as well as 6 additional efficiency studios that share two full kitchens and two full bathrooms. Currently, several units are vacant and rent-ready, offering immediate upside for a buyer to bring in new tenants at market rates. The upstairs studio is beautifully remodeled and available for immediate move-in! Whether you're an investor looking to maximize cash flow or a homeowner seeking to offset your mortgage by living on-site and renting the rest, this property is a true cash cow. Ideal for use as a group home, co-living space, or long-term rental model. You can place your own tenants, customize lease terms, or hire a property manager to handle everything. Opportunities like this—fully permitted, income-producing, and full of possibility—are rare.
Location
State OR
County Multnomah
Community Frontyardlandscaping,Laundry
Area _142
Zoning LR7
Rooms
Basement Finished
Interior
Heating Forced Air
Exterior
Garage Spaces 2.0
Community Features FrontYardLandscaping,Laundry
View Mountain, Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping, Private, Trees
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Sacramento
Middle Schools Parkrose
High Schools Parkrose
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional