$825,000 Price Analysis    ♡   Portland, OR 97206 5 bed 3 bath 3,420 SqFt ($241/SqFt) 5,662SqFt lot. Built 1956 Listed 2024-04-11, Taxes $6,303 | Ⓧ USDA Ineligible due to price & location near Portland |
Here is a exceptional opportunity to own an income generating duplex
In a great location, bringing in nearly $5, 000 per month and $60, 000 gross revenue annually. Cap. rate at 5.4% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, n an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes.
Solid rental history with tena nts in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. No Showings, please contact the listing agent for Open House information or questions. DND Tenants.
Presented by Michael Kafoury at
Urban Nest Realty.
Property MLS #24287734 from RMLS
Heating Features: ForcedAir
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.1299816
Lot Size Square Feet: 5662
High School: Franklin
Middle School: Kellogg
Map directions Map directions Map directionsRent Includes: Electricity, Gas, TrashCollection, Water
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Annual Tax Amount: 6442.609999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 5.36
Directions: S from Division on 51st
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: SOUTH TABOR
Parcel Number: R142608
Subdivision: SOUTH TABOR
Zoning: R2.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $236,050 | $6,303 |
| 2021 | $unknown + $unknown $229,180 | $6,196 |
| 2020 | $unknown + $unknown $222,510 | $5,684 |
| 2019 | $unknown + $unknown $209,230 | $5,303 |
| 2018 | $unknown + $unknown $203,140 | $5,147 |
| 2017 | $unknown + $unknown $197,230 | $4,933 |
| 2016 | $unknown + $unknown $191,490 | $4,514 |
| 2015 | $unknown + $unknown $185,920 | $4,396 |
| 2014 | $unknown + $unknown $180,510 | $4,330 |
| 2013 | $unknown + $unknown $175,260 | $4,229 |
| 2012 | $unknown + $unknown $170,160 | $3,567 |
| 2011 | $unknown + $unknown $165,210 | $3,682 |
| 2010 | $unknown + $unknown $160,400 | $3,493 |
| 2009 | $unknown + $unknown $155,730 | $3,402 |
| 2008 | $unknown + $unknown $151,200 | $3,210 |
| 2007 | $unknown + $unknown $146,800 | $3,201 |
$825,000
RMLS
Sold 2019-07-31
$599,000
RMLS
Sold 2006-04-25
$330,000
RMLS
Listed 2006-03-22
$330,000
RMLS
Sold 2005-11-01
$235,000
RMLS
Listed 2005-05-30
$235,000
RMLS
Sold 1994-03-10
$113,000
Public Record
Operating Expense: 14700
Building Area Total: 3420
Building Exterior Type: ShakeSiding
Foundation Details: ConcretePerimeter
Property Age: 68
Property Condition: UpdatedRemodeled
Roof: Composition
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.