4108 E PORTLAND Street, Phoenix, AZ 85008 (MLS# 6578578)

4108 E PORTLAND Street, Phoenix, AZ 85008

$1,100,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed

Current Price: $1,100,000 Last Modified: 9/30/2026

Overview

Description

4-unit apartment property that offers thoughtfully designed, spacious two-bed/ one-bath apartments. 3 of the 4 units are occupied with the forth being retained vacant to accommodate a possible owner-occupied investment opportunity. No expense was spared on the recent interior and exterior renovations (more than $220K of capital improvements). The interiors feature an open concept living room and kitchen with contemporary finishes, LED lighting, front load washer dryers, dual vanity bathrooms with tiled walk-in showers, and new plumbing both in-unit and mainline. Exterior improvements include new Low-E dual pane windows, stucco, facia, modern landscape design, and covered parking. The property also has a 30,000 kWh warrantied solar system (prepaid) that offsets much of the tenant's bills.

Listing Details MLS# 6578578

Location, Tax & Legal

Map Code/Grid: Q36
House Number: 4108
Compass: E
Street Name: PORTLAND
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 5536
Country: US
County Code: Maricopa
Subdivision: WHISPERING SANDS
Assessor Number: 125-20-050
Tax Year: 2022
Assessor's Map #: 20
Legal Description (Abbrev): LOT 48 WHISPERING SANDS MCR 008305
Assessor's Parcel #: 50
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113700
Taxes: 902
Legal: LOT 48 WHISPERING SANDS MCR 008305
Marketing Name: 4108 E Portland Street

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 81.92x94.22x94.32x81.92
Year Built: 1962
Total # of Units: 4
# of Buildings: Yes
Zoning: R-4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Uncvrd Parking Spcs: 0

Status Change Info

Off Market Date: 2023-08-14
Under Contract Date: 2023-07-13
Close of Escrow Date: 2023-08-14

Legal Info

Township: 1N
Range: 4E
Section: 6
Lot Number: 48

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1800
Avg SqFt: 780
# Baths: Yes

Structure

Bedrooms Total: 8
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 86400
Net Operating Income: 69582

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 902
Other Income: 2800
Vacancy Allowance: 0.06
Adjusted Gross Inc: 83848

Pmt & Rate Info

Cap Rate: 6.05
Equity: 1150000
Down Payment %: 30
Monthly Payments: 4826
Total Owed: 0

Payment Includes

Principal: Yes
Interest: Yes
Taxes: Yes
Insurance: Yes

Showing Notification Methods

Text: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Trash Compactor: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes

Electric

Solar: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only Payment Includes: Principal; Interest; Taxes; Insurance Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Trash Compactor; Microwave; Washer/Dryer Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: Solar Gas: None Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text New Financing: Conventional Environmental: None

Listing Office: ABI Multifamily

Office Phone: 602-714-1400

Last Updated: September - 30 - 2026