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5505 N MINNESOTA AVE

Portland, OR 97217
Square Ft.
2,680
Active
Multifamily
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$650,000
2 homes on 1 lot! Both are occupied by tenants and will be sold with tenants in place. Contact agent for financials. 5500 sq ft lot. Zoning is CM2 Commercial Mixed Use per City ofPortland, buyer to verify uses. 5505 N Minnesota is 2160 sq ft, 3 bedrooms, one bathroom.… Read MoreRead Less
Listing courtesy of Axness & Kofman Real Estate.
Listing Snapshot
Days Online
36
Last Updated
Square Ft.
2,680
Year Built
1922
MLS Number
621484935
30 Days Snapshot Of 97217
$487k
-12%
(avg) sold price
45
+9%
homes sold
36
-40%
(avg) days on market
Snapshot
Area Map
Additional Details
Income
CAP Rate: 4.74, Gross Income: $41,164, Gross Rent Multiplier: 15.79, Net Operating Income: $30,806
Property Access
Road Surface Type: Paved
Basement
Basement: Unfinished
Building
Building Area Total: 2680, Built in 1922, Storage: Basement, Unit Type Type: UnitTypeType1, UnitTypeType2
Expenses
Operating Expense: $10,358
Exterior Features
Exterior Description: LapSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: ForcedAir, Radiant
Lot
Features: CornerLot, Level, Size Range: SqFt5000to6999, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: Leases, RentRecords, TaxReturnsAvailable
Parking
Features: Driveway
Property
Number Of Units Total: 2, Property Condition: Existing, Zoning: CM2
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $5,577, Legal Description
Unit One
Actual Rent: $2,100, Area: 2160, Features: WoodFloors, Units Total: 1, 1 total bathroom, 3 total bedroom
Unit Two
Actual Rent: $1,295, Area: 520, Features: WoodFloors, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Gas, Water Source: PublicWater
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Monthly Payment
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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.
Beach Elementary School 503-916-6236 Public KG-5
Ockley Green Middle School 503-916-5660 Public 6-8
Roosevelt High School 503-916-5260 Public 9-12
Beach Elementary School 503-916-6236 Public KG-5
Beach Elementary School 503-916-6236 Public KG-5
Ockley Green Middle School 503-916-5660 Public 6-8
Roosevelt High School 503-916-5260 Public 9-12
Jefferson High School 503-916-5180 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.