$620,000 Price Analysis    ♡   Portland, OR 97225 4 bed 4 bath 2,200 SqFt ($281/SqFt) 8,276SqFt lot. Built 1966 Listed 2024-04-30, Taxes $5,390 | Ⓧ USDA Ineligible due to location near Portland |
Introducing a unique investment opportunity with this well-maintained duplex at 9032 SW Monterey
* No Longer For Sale *
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Each side offering approximately 1100 sq ft of living space. Both units feature 2 bedrooms and 2 full baths, including a primary bedroom with an en-suite bathroom, perfect for comfort and privacy. Enjoy the convenience of in-unit laundry rooms, fnced backyards for intimate gatherings and private one-car garages.Both have had some minor updates, with photos showcasing the interiors of one.
Please note that current rents are below market value, presenting significant potential for increased revenue. Ideally located near Providence St. Vincent Hospital and Medical Center, this property is not perfect for investors seeking a lucrative asset but also offers a fantastic li ving option for buyers who wish to reside in one unit while renting out the other to help cover the mortgage.Don?t miss out on this dual opportunity for both lifestyle and investment. Contact your agent today to learn more and schedule a viewing!
Presented by Tim Saeland, Principal Broker at
RE/MAX Equity Group.
Property MLS #24606310 from RMLS
Heating: Yes
Water Heaters: Gas
Lot Size Square Feet: 8276
Parking Features: Detached, Garage
Rent Includes: Water
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Middle School: Cedar Park
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 5571.310000000
Source Listing Status: Closed
County: Washington
Cap Rate: 3.68
Directions: Barnes rd to Monterey Pl
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R9038
Zoning: 1015
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $299,830 | $5,390 |
| 2021 | $unknown + $unknown $291,100 | $5,196 |
| 2020 | $unknown + $unknown $282,630 | $5,040 |
| 2019 | $unknown + $unknown $274,400 | $4,875 |
| 2018 | $unknown + $unknown $266,410 | $4,715 |
| 2017 | $unknown + $unknown $258,660 | $4,546 |
| 2016 | $unknown + $unknown $251,130 | $4,384 |
| 2015 | $unknown + $unknown $243,820 | $4,215 |
| 2014 | $unknown + $unknown $236,720 | $4,130 |
| 2013 | $unknown + $unknown $229,830 | $4,054 |
| 2012 | $unknown + $unknown $223,140 | $3,605 |
| 2011 | $unknown + $unknown $216,650 | $3,508 |
| 2010 | $unknown + $unknown $210,340 | $3,419 |
| 2008 | $unknown + $unknown $198,280 | $3,089 |
| 2007 | $unknown + $unknown $192,510 | $3,013 |
$620,000
RMLS
Listed 2024-04-30
$599,900
RMLS
Sold 2003-07-16
$255,000
Public Record
Sold 1999-05-27
$217,500
Public Record
Sold 1991-12-19
$126,000
Public Record
Operating Expense: 8500
Building Area Total: 2200
Building Exterior Type: WoodSiding
Property Age: 58
Property Condition: Approximately
Roof: Composition
Levels or Stories: 1
Water Source: PublicWater
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.