Multi-Family for Sale: 11445 GREENBURG RD, Portland, OR 97223 SOLD

7,272 sqft
$1,400,000
$1,400,000
11445 GREENBURG RD, Portland, OR 97223 SOLD
7,272 sqft
$1,400,000
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Selling Price: $1,400,000
Original List Price: $1,675,000
Sold at 83.6% of list price
Sold Date: 09/30/2024

Type Multi-Family
Square Feet 7,272 sqft
Lot Size 0.43 acres
Year Built 1967
Taxes Paid $12,112

City Portland
Area 151 - Tigard, Tualatin, Sherwood, Wilsonville
County Washington
School District Southridge
Subdivision GREENBURG

MLS 24177213
Status Sold
DOM 210 days
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.

Room Features

Basement Description Crawl Space

Lot & Building Features

Cooling None
Heating Baseboard
Parking Description Open
Sewer Public Sewer
Water Public Water
Water Heater Electricity

Community and Schools

Elementary School Metzger
Junior High School Conestoga
Senior High School Southridge

Unit Features

Unit Type 1 Actual Rent 1468
Unit Type 1 Area 909
Unit Type 1 Baths 1.100
Unit Type 1 Baths Total 2
Unit Type 1 Beds Total 2
Unit Type 1 Features Dishwasher, Refrigerator, Range, Disposal
Unit Type 1 Units Total 8

Price History of 11445 GREENBURG RD, Portland, OR

Date Name Price Difference
05/10/2024 Price Adjustment $1,400,000 16.42%
03/04/2024 Listing Price $1,675,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 11445 GREENBURG RD, Portland, OR

Location Map Street View
Photo of Jeremy Denny, GRI, REALTOR
Jeremy Denny, GRI, REALTOR
REALTOR, Designated Broker
Direct: 509-637-4441
Office
65 NE Estes
White Salmon, WA 98672
509-493-1783
Listed by RealtyNET, LLC, Greg Messick
Sold by Non Rmls Broker, OR and WA Non Rmls
$
20%
0.9%
6.75%
$
$
$
$8,763.71
Monthly Payment
Principal & Interest
$7,264.29
Monthly Taxes
$1,009.42
Monthly HOA
$0
Monthly Home Ins.
$490.00
Monthly PMI
$0.00
RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RealtyNET, LLC

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 Pacific Rim Brokers are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS., Portland, Oregon.