Amazing cashflow property. One of the best values in Portland urban core! This impeccably preserved 1884 duplex is a unique opportunity. The property lives like a home with an ADU in the basement. Professionally managed for a hassle-free experience, the duplex is strategically located across from Providence Hospital, Oregon's largest… Read More employer. Situated in a vibrant neighborhood with renowned restaurants, coffee shops, and excellent amenities, this property ensures both comfort and convenience. Key features include on-site laundry potential, off-street parking, and RM2 zoning for potential expansion. With a remarkable Cap Rate exceeding 7%, this property is not only a charming residence but also a smart investment. Don't miss the chance to own a piece of Portland's history with this versatile and lucrative property. Read Less
Listing courtesy of Windermere Realty Trust.
Listing Snapshot
Days Online
138
Last Updated
Year Built
1884
MLS Number
24178076
30 Days Snapshot Of 97213
$589k
+13%
(avg) sold price
21
+23%
homes sold
24
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Concrete
Basement
Basement: FullBasement
Building
Built in 1884, Storage: Attached, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2
Expenses
Operating Expense: $9,600
Exterior Features
Exterior Description: ShingleSiding
Foundation
Foundation Details: Block, ConcretePerimeter
Heating
Heating: ForcedAir
Income
CAP Rate: 7.17, Gross Income: $50,400, Gross Rent Multiplier: 11.29, Gross Scheduled Income: $50,400, Net Operating Income: $40,800, Net Scheduled Income: 40800
Lot
Size Range: SqFt3000to4999, Size: 3,000 to 4,999 SqFt
Parking
Features: Assigned, 1 total parking spot
Property
Number Of Units Total: 2, Zoning: RM2
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $5,188, Legal Description
Unit One
Actual Rent: $2,600, Area: 1738, Features: Range, WoodFloors, Units Total: 1, 2 total bathrooms, 2 total bedroom
Unit Two
Actual Rent: $1,600, Area: 720, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Gas, Hot Water Description: Gas, Water Source: PublicWater
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