2121 SE 50TH AVE

Portland, OR 97215
$850,000
Fantastic opportunity to own a well maintained fourplex in a highly desirable Southeast Portland location near Hawthorne and Mt. Tabor. Whether you are looking for an investment property or the opportunity to live in one unit while collecting rental income from the others, this property offers flexibility, strong existing income,… Read MoreRead Less
Listing courtesy of Move Real Estate Inc.
Listing Snapshot
Days Online
1
Last Updated
Lot Size
0.11 Acres
Year Built
1968
MLS Number
157877053
30 Days Snapshot Of 97215
$681k
-15%
(avg) sold price
16
+14%
homes sold
25
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Built in 1968, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Cooling
Cooling: None
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense Scheduled: 17840, Operating Expense: $17,840
Exterior Features
Exterior Description: BoardBattenSiding, Brick
Heating
Heating: Baseboard
Income
CAP Rate: 4.88, Gross Income: $59,316, Gross Rent Multiplier: 14.33, Gross Scheduled Income: $75,840, Net Operating Income: $41,476, Net Scheduled Income: 58000
Lot
Size Acres: 0.11, Size Range: SqFt3000to4999, Size Square Feet: 4,791, Size: 3,000 to 4,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, Leases, RentRecords
Parking
Features: Paved
Property
Number Of Units Total: 4, Zoning: R1
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $10,452, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,041, Area: 864, Features: Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,041, Area: 864, Features: Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,820, Area: 864, Features: Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Four
Actual Rent: $1,041, Area: 864, Features: Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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Erika George and Kari McGee
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.