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2115 NE 48TH AVE

Portland, OR 97213

$650,000

Income property located near the heart of Hollywood. This duplex has many upgrades, including blown-in insulation, updated panels, heat pumps, triple-pane windows for most of the property, fresh paint upstairs, new range and fridge upper unit. Laundry room in basement has washer/dryer, w/d hook-up in upper-unit bathroom. Appliances are included.… Read MoreRead Less

Listing courtesy of Lancefield Realty.

Listing Snapshot

Days Online

Last Updated

Apr 23, 2025

Square Ft.

2,634

Lot Size

0.12 Acres

Year Built

1922

MLS Number

207761157

30 Days Snapshot Of 97213

$620k

+7%

(avg) sold price

-18%

homes sold

+91%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: ExteriorEntry, PartialBasement, PartiallyFinished

Building

Building Area Total: 2634, Built in 1922, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: HeatPump

Expenses

Operating Expense: $3,653

Exterior Features

Exterior Description: WoodSiding

Foundation

Foundation Details: Other

Heating

Heating: HeatPump

Income

CAP Rate: 2.85, Gross Income: $22,200, Gross Rent Multiplier: 29.28, Gross Scheduled Income: $47,520, Net Operating Income: $18,547

Lot

Features: Level, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: Leases

Parking

Features: OffStreet, 2 total parking spots

Property

Number Of Units Total: 2, Property Condition: UpdatedRemodeled, Zoning: R2.5

Roof

Roof: Composition

Security Features

Features: SecurityGate

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $3,652, Legal Description, Tax Year: 2024

Unit One

Actual Rent: $1,850, Area: 984, Features: AirConditioning, HardwoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Area: 850, Features: AirConditioning, HardwoodFloors, Range, WasherDryerHookup, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Living Room Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Apr 23, 2025. 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 Apr 23, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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2115 NE 48TH AVE

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