608 Ne 87th Ave , Portland, OR 97220
7 Beds
6 Baths
71,586 sqft

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Scruggs THs (52 units, built 1995) & Goodrick-Spencer Apts (23 units, built 2003) are separate tax lots being offered as 1 sale. Initially built by Multnomah for student housing, the property is now a market rate offering with NO student housing restrictions. The Owner purchased the property from MU which had a deed restriction regarding student housing, the deed restriction has since been removed. Both properties feature off-street parking, laundry rooms, vinyl windows & clean landscaping.
  • Price:
  • $14,500,000
  • Bedrooms:
  • 7
  • Square Footage:
  • 71,586
  • Year Built:
  • 2003
  • Listing ID #:
  • 20318883
  • Street Address:
  • 608 Ne 87th Ave
  • City:
  • Portland
  • State:
  • Oregon
  • Postal Code:
  • 97220
  • County:
  • Multnomah
  • Community:
  • Portland Northeast
  • Listing Status:
  • Active
1
out of 5

Vestal K-8 School
Public
K-8
400 students
16 student/
teacher
1
out of 5

Madison High School
Public
9-12
1182 students
18 student/
teacher
  • Building Condition:
  • Existing
  • Rent Includes:
  • Trash Collection, Sewer, Water
  • Stories:
  • 2
  • Total Building Square Footage:
  • 71586
  • Type Of Roof:
  • Composition
  • Unit 1 - Square Footage Available:
  • 450
  • Unit 1 - Square Footage Available:
  • 982
  • Unit 1 Monthly Rent:
  • 862
  • Unit 2 - Square Footage Available:
  • 874
  • Unit 2 Monthly Rent:
  • 1230
  • Unit 3 Monthly Rent:
  • 1214
  • Unit 4 - Square Footage Available:
  • 1052
  • Unit 4 Monthly Rent:
  • 1422
  • Unit1 Bathrooms:
  • 1
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 2
  • Unit3 Bathrooms:
  • 2
  • Unit3 Bedrooms:
  • 2
  • Unit4 Bathrooms:
  • 2
  • Unit4 Bedrooms:
  • 3
  • Year Built:
  • 2003
  • Adjusted Gross Income:
  • 1200410
  • Net Operating Income:
  • 726932
  • Conforms To Zoning:
  • Ir
  • Lot Size:
  • 3 To 4.99 Acres
  • Community Features:
  • Laundry
  • Legal Description:
  • Section 33 1n 2e, Tl 9400 0.23 Acres
  • List Date:
  • 2020-01-22
  • Terms:
  • Conventional
  • Property Taxes:
  • $103,423
  • Tax Year:
  • 2018
  • Heating Description:
  • Forced Air
  • Heating Fuel:
  • Electricity
  • Sewage Type:
  • Public Sewer
  • Water Amenities:
  • Public

The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 8/5/2020 11:41 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. ORREG
  • Schools information provided by ATTOM

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