Discover a fantastic investment opportunity with this charming duplex located in the vibrant NoPo/St. Johns area of Portland, Oregon! Perfectly situated close to schools and just minutes from the bustling center of St. Johns, this property offers both convenience and potential.Set on a desirable corner lot, the duplex features off-street… Read More parking for both units, ensuring easy access for tenants and guests alike. With a solid rental history and managed by RMS Property Management, this property has proven to be a reliable income generator, boasting a net cap rate of 5.3%.Each unit is designed for comfort and functionality, making it appealing to a wide range of renters. The proximity to local amenities, parks, and public transportation enhances its desirability, ensuring consistent demand.Whether you're an experienced investor or looking to enter the rental market, this duplex presents a unique opportunity to own a well-maintained property in a thriving neighborhood. Don’t miss your chance to capitalize on this income-producing gem in Portland’s NoPo/St. Johns area! Read Less
Listing courtesy of RE/MAX Equity Group.
Listing Snapshot
Days Online
198
Last Updated
Square Ft.
1,519
Lot Size
0.13 Acres
Year Built
1956
MLS Number
325493717
30 Days Snapshot Of 97203
$477k
-2%
(avg) sold price
25
-30%
homes sold
36
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 1519, Built in 1956, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2
Expenses
Operating Expense: $5,162
Exterior Features
Exterior Description: VinylSiding, WoodSiding
Heating
Heating: ForcedAir
Income
CAP Rate: 5.45, Gross Income: $33,240, Gross Rent Multiplier: 15.49, Net Operating Income: $28,078
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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.
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