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$1,125,000   Price Analysis
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6616 SW Canyon Ln
Portland, OR 97225
8 bed 4 bath 5,534 SqFt ($203/SqFt)
0.45 acre lot. Built 1946
Listed 2024-05-01
Ⓧ USDA Ineligible
due to price & location

near Portland

Charming

* Sale Pending *

Well maintained, 4-plex located on a picturesque lot in unincorporated Washington county! Unts 6614 and 6616 are three stories with living space on the upper two stories including single car garages and unfinished basements. These are listed as two bedroom units with a den/bedroom upstairs and a single bath and bedroom on the main floor. Units 6614A and 6616A are daylight basement, one bedroom, one bathroom units with garages located in the detached building with one additional space to rent or for owner use.

All units have the original charm of the 1950's with hardwood floors (under carpet), vintage tile floors and kitchen countertops and bathroom. Recent updates include; exterior paint, heating units and electrical panels. Unit 6614 has 2023 updated carpet, interior paint, a new show er. Washer and Dryers are included in three of the units.This home has been in the family for over 40 years and has been operated as a ministry to the tenants with under market rates.Located steps away from the bus line this park like property with mature trees and peaceful grounds is truly one of a kind!


Presented by Kristen Bier at
ELEETE Real Estate.
Listing Agent Photo

Property MLS #24130697 from RMLS

Bedrooms: 8

Full Bathrooms: 4

Storage: Garage

Heating Features: Baseboard
Heating Fuel: Gas
Heating: Yes

Basement Description: PartialBasement

Lot Description: Commons, Level, Trees
Lot Size Acres: 0.45
Lot Size Square Feet: 19602

Garage Spaces: 5
Parking Features: Driveway, Garage

Road Surface Type: Paved

Elementary School: Bridlml-Ralghpk
High School: Lincoln
Middle School: West Sylvan

West Sylvan Middle School is a public middle school located approximately 0.7 miles away.
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Bridlemile Elementary School is a public elementary school located approximately 1.4 miles away.
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Lincoln High School is a public high school located approximately 2.9 miles away.
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Catlin Gabel School is a private elementary, middle and high school located approximately 1.1 miles away.
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Gross Income: 45876
Rent Includes: Sewer, TrashCollection, Water

Number of Units: 4
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

Calculated Total Monthly Association Fees: 0

Community Features: AllLandscaping, Commons, FrontYardLandscaping

LotSizeRange: SqFt15000to19999
Annual Tax Amount: 9428.600000000
Source Listing Status: Pending
County: Washington
Cap Rate: 4.08
Directions: Canyon Rd, East on Canyon Lane
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R80094
Source System Name: C2C

Listed 2024-05-01
$1,125,000
RMLS

Net Operating Income: 45876
Operating Expense: 25100

Year Built: 1946
Building Area Total: 5534
Building Exterior Type: Aluminum
Foundation Details: Slab
Property Age: 78
Property Condition: Existing
Roof: Composition
Levels or Stories: 3

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.