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5814 N MISSISSIPPI AVE

Portland, OR 97217
Square Ft.
3,558
Active
Multifamily
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$699,000
Do Not Disturb Tenants.Viewings upon receipt of offer. Discover a prime investment opportunity in the heart of Portland’s vibrant Mississippi Avenue neighborhood! This well-maintained triplex, zoned CM2, is fully occupied and situated in an Opportunity Zone (score: 4), offering significant tax advantages for savvy investors.
Listing courtesy of Rise Realty, Inc.
Listing Snapshot
Days Online
16
Last Updated
Square Ft.
3,558
Lot Size
0.12 Acres
Year Built
1905
MLS Number
651517188
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
Property Access
Road Surface Type: Paved
Basement
Basement: Other, PartiallyFinished
Building
Building Area Total: 3558, Built in 1905, Storage: Basement, None, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Community
Community Features: Laundry
Cooling
Cooling: None
Expenses
Operating Expense: $11,498
Exterior Features
Exterior Description: WoodComposite
Foundation
Foundation Details: Block
Heating
Heating: WallFurnace
Income
CAP Rate: 5.02, Gross Income: $46,614, Gross Rent Multiplier: 15, Net Operating Income: $35,116
Lot
Features: Level, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, Leases, RentRecords
Parking
Features: None
Property
Number Of Units Total: 3, Property Condition: UpdatedRemodeled, Zoning: RM2
Roof
Roof: Composition
Security Features
Features: None
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $3,166, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,014, Area: 452, Features: Dishwasher, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,429, Area: 778, Features: Deck, Dishwasher, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,442, Area: 838, Features: Dishwasher, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Internet Service Type: Cable, 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.
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.