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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$1,699,900
Est. payment /mo
3,934 SqFt
New
1064 SE Franklin ST Portland, OR 97202
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,934 sqft
Price per Sqft $432
Subdivision Brooklyn
MLS Listing ID 428478555
Year Built 2025
Tax Year 2025
Lot Size 4,356 Sqft
Property Description
Investor Opportunity: This brand-new 4-plex at 1060 SE Franklin St in Portland's desirable Brooklyn neighborhood is a rare opportunity for investors seeking strong cash flow and long-term appreciation. Never before occupied, all units are fully vacant and move-in ready, allowing for immediate leasing and optimized rental income. Each unit is thoughtfully designed with modern layouts, updated kitchens and bathrooms, solid surface countertops, and private patios or decks, while two of the rear units feature spacious, private fenced yards. All units include mini-split heating and air conditioning, dedicated in-unit laundry spaces, and are individually metered, providing convenience for tenants and ease of management for investors. The property is fee simple with no HOA, giving investors and tenants flexibility and minimal ongoing costs. Residents will enjoy a vibrant neighborhood with numerous nearby amenities, including coffee shops like Saint Simon Coffee Co. and Blue Star Donuts; restaurants and eateries such as Oma's Hideaway, Ava Gene's, and Screen Door; bars and breweries including Kelly's Olympian, The Backstage Lounge, and Baerlic Brewing; parks and recreation like Brooklyn Park and local greenways; and convenient transit with bus routes and MAX light rail. These features make the property highly appealing to prospective tenants and support strong tenant retention. With new construction, move-in readiness, modern finishes, private outdoor spaces, and a prime Brooklyn location, this 4-plex delivers a turnkey opportunity for investors seeking strong rental income and long-term appreciation.
Location
State OR
County Multnomah
Area _143
Zoning R2.5
Rooms
Basement Crawl Space
Interior
Heating Mini Split
Cooling Mini Split
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Virtual Tour https://www.youtube.com/watch?v=A9visf5VnFI
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