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3718 SE 40TH AVE

Portland, OR 97202
Square Ft.
2,384
Active
Multifamily
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$625,000
Prime investment opportunity on a classic inner city Portland Duplex. One Vacant Unit. New roof and exterior paint in 2024 and new furnace in 2016. Two bedroom, one bath units with hardwood floors throughout, open kitchen, great storage and bonus space with high ceilings in the basement and… Read MoreRead Less
Listing courtesy of John L. Scott Portland Central.
Listing Snapshot
Days Online
9
Last Updated
Square Ft.
2,384
Lot Size
0.16 Acres
Year Built
1953
MLS Number
494199141
30 Days Snapshot Of 97202
$705k
+1%
(avg) sold price
43
-29%
homes sold
25
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: Unfinished
Building
Building Area Total: 2384, Built in 1953, Storage: Basement, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2
Community
Community Features: Laundry
Cooling
Cooling: WindowUnit
Expenses
Operating Expense: $12,488
Exterior Features
Exterior Description: WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: ForcedAir
Income
CAP Rate: 5.53, Gross Income: $47,046, Gross Rent Multiplier: 13.28, Net Operating Income: $34,558
Lot
Features: PublicRoad, Size Acres: 0.16, Size Range: SqFt7000to9999, Size Square Feet: 6,969, Size: 7,000 to 9,999 SqFt
Miscellaneous
Investor Information: ProfitLossStatement
Parking
Features: Garage, OffStreet
Property
Number Of Units Total: 2, Zoning: R5
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $7,961, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,650, Area: 1100, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Area: 1100, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Gas, Hot Water Description: Electricity, Water Source: PublicWater
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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.
Creston Elementary School 503-916-6340 Public EE-5
Hosford Middle School 503-916-5640 Public 6-8
Franklin High School 503-916-5140 Public 9-12
Creston Elementary School 503-916-6340 Public EE-5
Hosford Middle School 503-916-5640 Public 6-8
Franklin High School 503-916-5140 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.