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Listed by Keller Williams Realty Portland Central
$ 2,800,000
Est. payment | /mo
2.82 Acres Lot
$ 2,800,000
Est. payment | /mo
2.82 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Harney Heights
MLS Listing ID 530629853
Year Built 1977
Annual Tax Amount $1,972
Tax Year 2024
Lot Size 2.820 Acres
Property Description
Exceptional opportunity for investors! Secure an exceptional, fully occupied 14 condo units at 3903 E 18th St, featuring immediate cash flow and the added security of the popular Ravenwood Condo GATED COMMUNITY. This is a true turnkey asset with premium tenant amenities that drive demand and retention.Each of the 14 units is a spacious 2-bedroom, 1-bathroom condo, a highly desirable configuration for renters. The property offers superior convenience: EACH UNIT INCLUDES ITS OWN IN-UNIT LAUNDRY and is conveyed with ASSIGNED PARKING per unit with plenty of guest parking, eliminating common ownership headaches and maximizing tenant satisfaction.Property Highlights:14 Units Total: All desired 2 Bed / 1 Bath floor plans. 906SQFT.Premium Amenities: In-Unit Laundry, Gas Fireplaces, and Assigned Parking for every unit—rare features that command top rents. Gated Community: Provides enhanced security, exclusivity, and strong curb appeal.Strong Financials: High occupancy and established rental history ensure immediate and stable cash flow.Low-Maintenance: Well-maintained property with a freshly painted exterior! Convenient Location: Close to Highways, shopping, restaurants and the airport.A rare opportunity to acquire a well-appointed, multi-family asset of this size in a prime, secure location. This is a must-see for serious portfolio expansion. Please do not disturb tenants.
Location
State WA
County Clark
Area _12
Zoning MD
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Lot Description Gated, Level
Story 1
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools King
Middle Schools Mcloughlin
High Schools Fort Vancouver
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
