Belmont Apartments – 3401 SE Belmont, Portland

Details
Units12
Price$3,750,000
Cap Rate5.43%
mapflyer

Belmont Apartments located in the popular Belmont District of Portland, bordered to the north by the Laurelhurst neighborhood and on the east by Mount Tabor.  The property features 12 multi family units (four studio and eight 1 bed/1bath) along with four leased commercial spaces.  Additional rent upside with residential tenants as current rents are below market.  New roof in 2019.  Two long term cell tower leases average $1,500/month each.

Steve’s Other Properties