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144 SE 85TH AVE

Portland, OR 97216
Pending
Multifamily
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$799,900
Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been… Read MoreRead Less
Listing courtesy of Premiere Property Group, LLC.
Listing Snapshot
Days Online
74
Last Updated
Lot Size
0.23 Acres
Year Built
1950
MLS Number
502946846
30 Days Snapshot Of 97216
$458k
+1%
(avg) sold price
13
+18%
homes sold
12
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: Finished
Building
Built in 1950, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Cooling
Cooling: CentralAir, MiniSplit
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense: $8,820
Exterior Features
Exterior Description: Brick, WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: ForcedAir, MiniSplit
Income
CAP Rate: 5.57, Gross Income: $53,400, Gross Rent Multiplier: 14.98, Net Operating Income: $44,580
Lot
Features: CornerLot, Level, Size Acres: 0.23, Size Range: SqFt10000to14999, Size Square Feet: 10,018, Size: 10,000 to 14,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner
Parking
Features: Driveway
Property
Number Of Units Total: 3, Property Condition: Approximately, Zoning: R5
Roof
Roof: Composition, Metal
Security Features
Features: SecurityLights
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $8,819, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $2,500, Area: 1522, Features: AirConditioning, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 4 total bedroom
Unit Two
Actual Rent: $1,950, Area: 1522, Features: Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 3 total bedroom
Unit Three
Actual Rent: $1,000, Area: 925, Features: AirConditioning, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Gas, Hot Water Description: Electricity, Gas, 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.
Vestal Elementary School 503-916-6437 Public KG-5
Harrison Park Middle School 503-916-5700 Public 6-8
Leodis V. McDaniel High School 503-916-5220 Public 9-12
Vestal Elementary School 503-916-6437 Public KG-5
Vestal Elementary School 503-916-6437 Public KG-5
Harrison Park Middle School 503-916-5700 Public 6-8
Leodis V. McDaniel High School 503-916-5220 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.