1902 NE 38TH AVE

Portland, OR 97212
Square Ft.
4,420
$1,075,000
Rare triplex opportunity in the desirable Hollywood/Grant Park neighborhood. Built in 1927 and approximately 4,309 sq ft, the property features two spacious side-by-side upper units and a large lower unit (lower unit may be dividable into two), delivering flexible income potential. Thoughtful floorplates, a common laundry room and assigned off-streetRead MoreRead Less
Listing courtesy of Windermere Realty Trust.
Listing Snapshot
Days Online
5
Last Updated
Square Ft.
4,420
Lot Size
0.12 Acres
Year Built
1927
MLS Number
350278988
30 Days Snapshot Of 97212
$911k
+36%
(avg) sold price
33
+26%
homes sold
19
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: Finished, FullBasement
Building
Building Area Total: 4420, Built in 1927, Storage: Locked, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Community
Community Features: CentralAir, Laundry
Cooling
Cooling: CentralAir
Expenses
Operating Expense: $21,229
Exterior Features
Exterior Description: VinylSiding
Heating
Heating: Baseboard, MiniSplit, Zoned
Income
CAP Rate: 4.76, Gross Income: $74,664, Gross Rent Multiplier: 14.4, Net Operating Income: $51,195
Lot
Features: CornerLot, Level, Private, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData
Parking
Features: Assigned, Driveway, 6 total parking spots
Property
Number Of Units Total: 3, Property Condition: Existing, Zoning: RM1
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $8,987, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $2,095, Area: 1729, Features: Fireplace, Range, WasherDryerHookup, Units Total: 1, 2 total bathrooms, 3 total bedroom
Unit Two
Actual Rent: $1,894, Area: 1234, Features: AirConditioning, HardwoodFloors, Range, WasherDryerHookup, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $2,048, Area: 1354, 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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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.