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3907 SE SALMON ST

Portland, OR 97214
Square Ft.
2,420
Active
Multifamily
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$850,000
Perfect opportunity to own an income-producing triplex in the heart of SE Portland. Also, this has the ability to build a large scale multi-family condo or apartment building due to its large lot size, and stellar location. Zoned R2 is a developers dream. This multi-unit property offers investors the potential… Read MoreRead Less
Listing courtesy of Engel & Volkers Portland Rose City.
Listing Snapshot
Days Online
28
Last Updated
Square Ft.
2,420
Lot Size
0.2 Acres
Year Built
1978
MLS Number
617602181
30 Days Snapshot Of 97214
$633k
-6%
(avg) sold price
13
-18%
homes sold
29
-38%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 2420, Built in 1978, Storage: None, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense: $32,410
Exterior Features
Exterior Description: Cedar, ShakeSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: WallFurnace
Income
CAP Rate: 3.16, Gross Income: $59,294, Gross Rent Multiplier: 14.34, Gross Scheduled Income: $47,040, Net Operating Income: $26,883
Lot
Features: Level, Size Acres: 0.2, Size Range: SqFt7000to9999, Size Square Feet: 8,712, Size: 7,000 to 9,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, ProfitLossStatement, RentRecords
Parking
Features: Assigned, 4 total parking spots
Property
Number Of Units Total: 3, Property Condition: Existing, Zoning: R2.5
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $10,150, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,768, Area: 756, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,850, Area: 756, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $2,070, Area: 880, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, 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.
Sunnyside Environmental School 503-916-6226 Public KG-8
Franklin High School 503-916-5140 Public 9-12
Sunnyside Environmental School 503-916-6226 Public KG-8
Sunnyside Environmental School 503-916-6226 Public KG-8
Sunnyside Environmental School 503-916-6226 Public KG-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.