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2554 NE HOYT ST

Portland, OR 97232
Square Ft.
2,900
Active
Multifamily
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$910,000
Prime investment opportunity in Portland’s highly desirable Kerns neighborhood! This quadplex features four rentable units with six total bedrooms, all currently occupied, offering immediate income potential. Ideally located in the heart of Portland near incredible restaurants, shops, entertainment, and public transit. Property amenities include a dedicated laundry room with coin-operated… Read MoreRead Less
Listing courtesy of Premiere Property Group, LLC.
Listing Snapshot
Days Online
15
Last Updated
Square Ft.
2,900
Lot Size
0.12 Acres
Year Built
1958
MLS Number
394666582
30 Days Snapshot Of 97232
$655k
-12%
(avg) sold price
8
+33%
homes sold
18
-62%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 2900, Built in 1958, Storage: IndividualStorageUnits, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Community
Community Features: Laundry
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense Scheduled: 19777, Operating Expense: $19,777
Exterior Features
Exterior Description: WoodSiding
Heating
Heating: Baseboard
Income
CAP Rate: 4.75, Gross Income: $62,978, Gross Rent Multiplier: 14.45, Gross Scheduled Income: $67,934, Net Operating Income: $43,201, Net Scheduled Income: 48157
Lot
Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData, RentRecords
Parking
Features: OnStreet
Property
Number Of Units Total: 4, Property Condition: Existing, Zoning: RM2
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $8,932, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,695, Area: 725, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,395, Area: 725, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,290, Area: 725, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,170, Area: 725, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Water Source: PublicWater
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Monthly Payment
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Buckman Elementary School 503-916-6230 Public KG-5
Hosford Middle School 503-916-5640 Public 6-8
Cleveland High School 503-916-5120 Public 9-12
Buckman Elementary School 503-916-6230 Public KG-5
Buckman Elementary School 503-916-6230 Public KG-5
Hosford Middle School 503-916-5640 Public 6-8
Cleveland High School 503-916-5120 Public 9-12

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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.