Exceptional income-producing multi-family opportunity in one of Portland's most desirable near-campus neighborhoods. This duplex sits in the charming University Park/Portsmouth area, just minutes from the University of Portland. It's perfectly positioned to attract strong student & professional tenant demand with excellent capitalization potential.Built in 1942, Unit 1 has a total… Read More of 1933 sq ft, 5 beds/2 baths and timeless character throughout. Original coved ceilings, oak hardwood flooring, fireplace, arched doorways, period fixtures and built-ins add to the charm! All new kitchen appliances and a quaint breakfast nook. The laundry area is located in the basement.Built in 2014, Unit 2 has a total of 1820 sq ft, 6 beds/2 baths, this unit provides modern living with updated granite counters & maple cabinetry in the kitchen and bathrooms. Large open living/kitchen area with plenty of space for large groups. Upper-level laundry for added convenience. In addition, this duplex has a newer roof and vinyl windows and is close to everyday amenities, including parks, transit, shops & restaurants. Whether you're an investor seeking reliable returns, or a buyer looking for a solid multi-family asset, this duplex delivers both timeless appeal and an investment with great cashflow and cap rate potential. Read Less
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
3,753
Year Built
1942
MLS Number
450186994
30 Days Snapshot Of 97203
$445k
-10%
(avg) sold price
36
+5%
homes sold
45
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: Finished
Building
Building Area Total: 3753, Built in 1942, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2
Cooling
Cooling: WallUnit
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense: $18,389
Exterior Features
Exterior Description: Brick, WoodSiding
Heating
Heating: ForcedAir
Income
CAP Rate: 6.64, Gross Income: $90,000, Gross Rent Multiplier: 11.99, Net Operating Income: $71,611
Lot
Features: CornerLot, Size Range: SqFt5000to6999, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner
Parking
Features: OnStreet
Property
Number Of Units Total: 2, Property Condition: UpdatedRemodeled, Zoning: R5
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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