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Listed by Realty Marketing / Northwest
-
Est. payment /mo
2,952 SqFt
Active
8120 NE FAILING ST Portland, OR 97213
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,952 sqft
Subdivision Roseway
MLS Listing ID 343352474
HOA Y/N No
Year Built 1958
Annual Tax Amount $7,246
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
This fiveplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.Located on the north side of NE Failing, this fully leased fiveplex features one two-bedroom, one-bath unit and four one-bedroom, one-bath units. All tenants are on month-to-month leases, with approximately 80% in place for two or more years. The property includes an on-site shared laundry room. Projected 2026 gross income is $62,040, with real estate taxes of $7,246. The landlord covers water, sewer, trash, and landscaping.This property offers a well-located, income-producing asset with stable tenancy in Northeast Portland.
Location
State OR
County Multnomah
Community Laundry
Area _142
Zoning RM1
Interior
Heating Forced Air
Exterior
Community Features Laundry
View City, Territorial
Roof Type Composition
Garage No
Building
Lot Description Level, Public Road
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Jason Lee
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash
Listing Terms Cash
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