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$895,000   Price Analysis
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2624 NE 15th Ave
Portland, OR 97212
4 bed 2 bath 4,608 SqFt ($194/SqFt)
5,227SqFt lot. Built 1913
Listed 2024-06-18, Taxes $7,658
Ⓧ USDA Ineligible
due to price & location

near Portland

Classic duplex in desirable Irvington neighborhood.Compelling investment prope rty situated in fantastic close in location and conventional financing!

Each unit features hardwood flooring, fireplace and full basement with storage. Always rents quckly, convenient to restaurants, cafes and parks.

Outstanding long term investment that has been carefully cared for by current owner. Great opportunity.


Presented by William Grippo at
Windermere Realty Trust.
Listing Agent Photo

Property MLS #24129021 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Heating Features: ForcedAir
Heating: Yes

Basement Description: FullBasement, Unfinished

Lot Description: Level
Lot Size Acres: 0.1199954
Lot Size Square Feet: 5227

Road Surface Type: Paved

Elementary School: Irvington
High School: Grant
Middle School: Harriet Tubman

Irvington Elementary School is a public elementary school located approximately 0.1 miles away.
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Harriet Tubman Middle School is a public middle school located approximately 0.9 miles away.
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Grant High School is a public high school located approximately 1.1 miles away.
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The Madeleine Elementary School is a private elementary and middle school located approximately 0.5 miles away.
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Gross Income: 49980
Rent Includes: MaintenanceGrounds

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt5000to6999
Annual Tax Amount: 7828.270000000
Source Listing Status: Active
County: Multnomah
Cap Rate: 4.54
Directions: NE 15th Ave & Knott
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: Irvington
Parcel Number: R188516
Subdivision: Irvington
Zoning: R5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$286,820
$7,658
2021$unknown + $unknown
$278,470
$7,529
2020$unknown + $unknown
$270,360
$6,906
2019$unknown + $unknown
$262,490
$6,653
2018$unknown + $unknown
$254,850
$6,457
2017$unknown + $unknown
$247,430
$6,188
2016$unknown + $unknown
$240,230
$5,664
2015$unknown + $unknown
$233,240
$5,515
2014$unknown + $unknown
$226,450
$5,432
2013$unknown + $unknown
$219,860
$5,305
2012$unknown + $unknown
$213,460
$4,800
2011$unknown + $unknown
$207,250
$4,619
2010$unknown + $unknown
$201,220
$4,382
2009$unknown + $unknown
$195,360
$4,268
2008$unknown + $unknown
$189,670
$4,027
2007$unknown + $unknown
$184,150
$4,015

Listed 2024-06-18
$895,000
RMLS
Sold 1986-08-01
$36,000
Public Record

Net Operating Income: 40653
Operating Expense: 9327

Year Built: 1913
Building Area Total: 4608
Building Exterior Type: LapSiding, WoodSiding
Property Age: 111
Property Condition: Existing
Roof: Composition
Levels or Stories: 2

Sewer: PublicSewer
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.