11445 SW Greenburg Rd Portland, OR 97223
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.
- Property TypeMulti-Family
- NeighborhoodGreenburg
- CountyWashington
- Taxes$12,112
- HOA/Condo/Coop Fees$0
- Days on Site50 Days
- MLS StatusPending
- MLS ID Number24177213
- Home Size Source N/A
- Year Built1967
- Lot Size0.43 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Lot Description LevelSecludedTrees
- Construction BrickCement Siding
- Sewer Public Sewer
- Water Public
- Parking Features Open
- Attached Garage No
Interior Features
- Heating Baseboard
- Cooling None
- Basement Crawl Space
- Foundation Concrete Perimeter
- Stories 2
Exterior Features
- Parking Open
- Roof Type Shingle
Community Features
- HOA Includes SewerTrash CollectionWater