11445 Southwest Greenburg Road

11445 Southwest Greenburg Road

Portland, OR 97223

$1,675,000
Price
—
Beds
7,272 Sq. Ft.
$230 / Sq. Ft.
7,272
Sq. Ft.
$230
per Sq. Ft.
a front view of a house with a garden
a view of a house with a yard and tree s
a view of a front of a house with a yard
a front view of house with a garden
a view of an empty room with a window
a view of entryway
a view of a hallway with wooden floor
a kitchen with stainless steel appliances granite countertop a sink and a refrigerator
a view of a hallway with windows
a bathroom with a double vanity sink toilet mirror and shower
a view of an empty room with a window
a kitchen with cabinets appliances a sink and a window
a cars parked on the side of a street
an aerial view of a house with a yard basket ball court and outdoor seating
a view of a backyard with plants

Description

The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby. The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket...The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby. The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place. Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents.
  1. Listed by Greg Messick • RealtyNET, LLC

Property Details for 11445 Southwest Greenburg Road

Subdivision
GREENBURG
Parking Features
Open
Zoning
Multi

Location

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LISTING UPDATED: 03/04/2024 05:58 PM

Property Details for 11445 Southwest Greenburg Road

StatusActive
MLS #24177213
Days on Market60
Taxes$12,113 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1967
Lot Size0.43 AC / 18,730 SF
CountyWashington County

Location

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Building Information for 11445 Southwest Greenburg Road

Stories2Residences8Year Built1967Building Size-Lot Size0.43 AC / 18,730 SF

Payment Calculator

$10,151 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,141

Property Taxes

$1,009

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11445 Southwest Greenburg Road

Summary
Location and General Information
  • Country: US
  • Directions: SW Greenburg Rd/SW 98th Ave
  • Road Surface: Paved
School Information
  • Elementary School: Metzger
  • High School: Southridge
  • Middle Or Junior School: Conestoga
Taxes and HOA
  • Management Name: Phillip Barry
  • Management Phone: 503-593-9707
  • Tax Year: 2023
  • Tax Annual Amount: $12,112.80
  • Parcel Number: R274483
  • Tax Legal Description: GREENBERG HEIGHTS, LOT PT 5, ACRES 0.43
Property
Lot Information
  • Acres: 0.43
  • Lot Description: Level, Secluded, Trees
  • Lot Size Square Feet: 18730.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1967
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Cement Siding
  • Roof Type: Shingle
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable, DSL
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • Gross Income Actual: $136,616.00
  • Gross Income Projected: $157,820.00
  • Gross Rent Multiplier: $12.26
  • Net Income Actual: $86,421.00
  • Net Income Projected: 106353
  • Operating Expenses Projected: $51,467.00
  • Operating Expense: $50,195.00
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 7272
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Disposal, Range, Refrigerator
  • Unit Type 1 Rent: $1,468
  • Unit Type 1 SqFt: 909.0
  • Unit Type 1 Units Total: 8

Property History for 11445 Southwest Greenburg Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11445 Southwest Greenburg Road

Taxable ValueLand-Additions-Total-
Tax Record2023$12,113 ($1,009 / month)
Home Facts
Lot Size18,731 SqFtStyleMulti-Family Res (5+ Units)Year Built1967ZoningR-12CountyWASHINGTONAPN1S135CD-00500

Schools near 11445 Southwest Greenburg Road

This home is within Tigard-Tualatin School District 23j.
Rating
School
Type
Grades
Distance
Charles F Tigard Elementary School
Public - K to 5
Thomas R Fowler Middle School
Public - 6 to 8
Tigard High School
Public - 9 to 12
Creekside Community High School
Public - 6 to 12
Rating
School
Distance
Charles F Tigard Elementary School
PublicK to 5

Thomas R Fowler Middle School
Public6 to 8

Tigard High School
Public9 to 12

Creekside Community High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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More information about 11445 Southwest Greenburg Road, Portland, OR 97223

11445 Southwest Greenburg Road is a multi-family home for sale in Portland, OR 97223. This property was listed for sale on March 4, 2024 by RealtyNET, LLC, it's currently listed at $1,675,000. It has been on the market for a total of 60 days and was last sold on July 1, 2019. This listing's school district is Tigard-Tualatin School District 23j. Nearby schools include Charles F Tigard Elementary School, Thomas R Fowler Middle School and Tigard High School. 11445 Southwest Greenburg Road is a 0-bed, 0-bath, 7,272 sqft multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RealtyNET, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 03/04/2024 05:58 PM