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About the Listing 5WJT01 - MACKEYCH
Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.
Listing Highlights for 5516 NE Hoyt St
Status
Active
Days on Site
68
Property Type
Multi-Family
MLS ®
327417535
Year Built
1966
Total Square Footage
3,306
Lot/Acreage
0.1
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: R1
- Roof: Built-Up
- Others: Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: Assigned,Off Street
Financial Details
- Tax Amount: $12,753
- Taxes w/Assessments: N/A
- Tax/Property ID: R110686
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
5516 NE Hoyt St Portland, OR 97213
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