Portland, OR 97220 - House Love PDX

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$850,000

Great investment opportunity in Montavilla neighborhood of NE Portland. 3 addresses on 1 tax lot. The 3-unit property consists of a 774 square foot, detached home built in 1924. A duplex on the back of the property was built in 2005. House features hard wood flooring, jack &… Read MoreRead Less

Listing courtesy of Windermere Realty Trust.

Listing Snapshot

Days Online

Last Updated

Mar 14, 2025

Lot Size

0.17 Acres

Year Built

1924

MLS Number

579471332

30 Days Snapshot Of 97220

$373k

+8%

(avg) sold price

+163%

homes sold

-29%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace, Unfinished

Building

Built in 1924, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Expenses

Operating Expense Scheduled: 16990, Operating Expense: $16,990

Exterior Features

Exterior Description: WoodSiding

Foundation

Foundation Details: ConcretePerimeter

Garage

Garage Spaces: 2

Heating

Heating: ForcedAir

Income

CAP Rate: 6, Gross Income: $67,980, Gross Rent Multiplier: 12.5, Gross Scheduled Income: $69,180, Net Operating Income: $50,990, Net Scheduled Income: 52190

Lot

Features: GentleSloping, Size Acres: 0.17, Size Range: SqFt7000to9999, Size Square Feet: 7,405, Size: 7,000 to 9,999 SqFt

Parking

Features: Garage, OnStreet, 1 total parking spot

Property

Number Of Units Total: 3, Property Condition: UpdatedRemodeled, Zoning: RM1

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $10,911, Legal Description, Tax Year: 2024

Unit One

Actual Rent: $1,820, Area: 1661, Features: Dishwasher, Fireplace, Range, WasherDryer, Units Total: 1, 3 total bathrooms, 3 total bedroom

Unit Two

Actual Rent: $1,995, Area: 1661, Features: Dishwasher, Fireplace, Range, WasherDryer, Units Total: 1, 3 total bathrooms, 3 total bedroom

Unit Three

Actual Rent: $1,850, Area: 774, Features: HardwoodFloors, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Gas, Hot Water Description: Gas, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Living Room Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Mar 14, 2025. 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 Mar 14, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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