Charming, turnkey duplex located in the heart of SE Portland, just outside of Ladd’s Addition and within walking distance of some of the city’s favorite coffee shops, bars, and restaurants. Recently renovated kitchens and bathrooms bring a fresh, modern feel while maintaining the character that makes this neighborhood so desirable.… Read More This flexible property is ideal for an owner-occupant looking to live in one unit and offset their mortgage by renting the other, or for a buyer seeking a low-maintenance investment in a highly walkable, in-demand location. Offered fully furnished or delivered vacant, the home allows for an easy move-in or seamless transition for rental use. Set on a 910 SF lot with a 1,440 SF building, the layout is efficient and thoughtfully designed for comfortable living. As a valuable bonus, the property is commercially zoned (EX) and fully permitted for full-time short-term rentals, providing rare optionality and future income potential for buyers who want added flexibility beyond traditional residential use. Read Less
Listing courtesy of Kelly Right Real Estate of Portland, LLC.
Listing Snapshot
Days Online
19
Last Updated
Square Ft.
1,440
Lot Size
0.02 Acres
Year Built
2008
MLS Number
471885002
30 Days Snapshot Of 97214
$844k
+28%
(avg) sold price
6
-66%
homes sold
37
+68%
(avg) days on market
Snapshot
Area Map
Additional Details
Income
CAP Rate: 5.01, Gross Income: $49,740, Gross Rent Multiplier: 13.97, Net Operating Income: $34,818
Property Access
Road Surface Type: Paved
Basement
Basement: None
Building
Building Area Total: 1440, Built in 2008, Storage: Deck, Unit Type Type: UnitTypeType1, UnitTypeType2
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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