Pro-Forma 6.1% CAP! Eight unit condo multifamily asset in the heart of Portland. Designed by award winning architect Ben Waechter. Large units featuring high-end modern finishes, cooks kitchen open design, high ceilings, fireplaces, gas range, and private covered balconies. With condo plat you have the future option to sell individually. Also convert back to apartments to potentially lower property taxes and increase cash flow.Financials are Proforma. Two model units currently vacant, these are a must see!
View full listing details| Price: | $3,500,000 |
| Address: | 1375 N Wygant St |
| City: | Portland |
| County: | Multnomah |
| State: | Oregon |
| Zip Code: | 97217 |
| Subdivision: | OVERLOOK |
| MLS: | 150214903 |
| Year Built: | 2020 |
| Square Feet: | 9,034 |
| Acres: | 0.11 |
| Lot Square Feet: | 0.11 acres |
| roof: | Flat, Membrane |
| sewer: | Public Sewer |
| viewYN: | yes |
| capRate: | 6.12 |
| cooling: | Mini Split |
| country: | US |
| heating: | Mini Split |
| storage: | Basement |
| stories: | 3 |
| taxYear: | 2024 |
| basement: | Exterior Entry, Partially Finished |
| cCandRYN: | yes |
| coolingYN: | yes |
| heatingYN: | yes |
| photo1Url: | https://www.rmlsweb.com/webphotos/15000000/20000/1000/150214903-1-a.jpg |
| priceType: | List Price |
| directions: | Alberta to Wygant |
| highSchool: | Jefferson |
| grossIncome: | 300000 |
| lotFeatures: | Corner Lot, Level |
| openHouseYN: | no |
| shortSaleYN: | no |
| waterSource: | Public Water |
| hotSheetDate: | 2025-03-06 |
| listAgentKey: | 64504 |
| listingTerms: | Cash, Conventional |
| lotSizeRange: | 3, 000 to 4, 999 SqFt |
| mlsAreaMajor: | Portland North |
| onMarketDate: | 2025-03-06T00:00:00+00:00 |
| parcelNumber: | R701787 |
| rentIncludes: | Trash Collection |
| unitTypeType: | 1, 2 |
| listOfficeFax: | 503-444-9008 |
| listOfficeKey: | 107969 |
| unitType1Area: | 1250 |
| unitType2Area: | 800 |
| withdrawnDate: | 2025-01-25T00:00:00+00:00 |
| listingService: | Full Service |
| standardStatus: | Active |
| fuelDescription: | Electricity, Gas |
| parkingFeatures: | On Street |
| roadSurfaceType: | Paved |
| sourceSystemKey: | 150214903 |
| taxAnnualAmount: | 49000 |
| viewDescription: | City, Territorial, Trees/Woods |
| elementarySchool: | Beach |
| offMarketDateMls: | 2025-01-25T00:00:00+00:00 |
| operatingExpense: | 72130 |
| securityFeatures: | Entry |
| sourceSystemName: | Regional Multiple Listing Service, Inc. |
| foundationDetails: | Concrete Perimeter, Slab |
| listAgentLastName: | Irvine |
| listMainOfficeKey: | 107969 |
| listingKeyNumeric: | 150214903 |
| lotSizeDimensions: | 50x100 |
| lotSizeSquareFeet: | 4791 |
| offerInstructions: | Call Seller's Agent |
| originalListPrice: | 1890000 |
| propertyCondition: | Existing |
| unitType1Features: | Dishwasher, Fireplace, Hardwood Floors, Washer/Dryer |
| unitType2Features: | Disposal, Refrigerator, Washer/Dryer |
| listAgentFirstName: | Quinn |
| netOperatingIncome: | 214070 |
| netScheduledIncome: | 214070 |
| numberOfUnitsTotal: | 8 |
| propertyAttachedYN: | no |
| unitType1BedsTotal: | 2 |
| unitType2BedsTotal: | 1 |
| exteriorDescription: | Metal Siding |
| grossRentMultiplier: | 11.67 |
| hotWaterDescription: | Tankless |
| idxAddressDisplayYN: | yes |
| investorInformation: | Annual Property Operation Data, Leases, Profit & Loss Statement, Rent Records |
| listAgentKeyNumeric: | 64504 |
| listingContractDate: | 2025-03-06T00:00:00+00:00 |
| streetNumberNumeric: | 1375 |
| taxLegalDescription: | WYGANT FLATS CONDOMINIUM, units A-H |
| unitType1ActualRent: | 3500 |
| unitType1BathsTotal: | 2 |
| unitType1UnitsTotal: | 6 |
| unitType2ActualRent: | 2000 |
| unitType2BathsTotal: | 1 |
| unitType2UnitsTotal: | 2 |
| greenCertificationYN: | no |
| grossScheduledIncome: | 300000 |
| listOfficeKeyNumeric: | 107969 |
| middleOrJuniorSchool: | Ockley Green |
| originatingSystemKey: | 150214903 |
| thirdPartyApprovalYN: | no |
| currentPriceForStatus: | 3500000 |
| originatingSystemName: | Regional Multiple Listing Service, Inc. |
| cumulativeDaysOnMarket: | 9 |
| contractStatusChangeDate: | 2025-03-06T00:00:00+00:00 |
| internetAddressDisplayYN: | yes |
| listMainOfficeKeyNumeric: | 107969 |
| idxEntireListingDisplayYN: | yes |
| internetConsumerCommentYN: | no |
| operatingExpenseScheduled: | 72130 |
| virtualTourUrlUnbranded3YN: | no |
| propertyRecordUpdateTimestamp: | 2025-03-06T21:37:12+00:00 |
| internetEntireListingDisplayYN: | yes |
| internetAutomatedValuationDisplayYN: | no |
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