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503-935-2560
Smira Group
5516 NE HOYT ST, Portland, OR 97213
- $902,223
- 3,306
- SqFt
- Sold Price
- $902,223
- List Price
- $935,000
- Closing Date
- Dec 05, 2025
- Days on Market
- 158
- MLS#
- 327417535
- Property Type
- Multifamily
- Sqft. of Residence
- 3,306
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Portland Northeast
- Status
- SOLD
Property Description
Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.
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Additional Information
- Tax Amount
- $12,753
- Year Built
- 1966
- High School
- Grant
- Elementary School
- Laurelhurst
- Middle School
- Laurelhurst
- Acres
- 0.10
- Living Area
- 3,306
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Trash Collection, Water
- Exterior Description
- Cement Siding
- Roof Type
- Built-Up
- Sewer Description
- Public Sewer
- View
- City
- Parking
- Assigned, Off Street
- Parking Description
- Assigned, Off Street
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1645
- Unit Type One Sq Ft
- 826
- Unit Type One Units Total
- 2
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1545
- Unit Type Three Sq Ft
- 826
- Unit Type Three Units Total
- 1
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Listing courtesy of Windermere RE Lane County. Selling Office: MORE Realty.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.