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1245 NE 118TH AVE

Portland, OR 97220
Pending
Multifamily
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$470,000
Welcome to the this one-level updated property on 0.25 acres offering flexibility for multigenerational living, work-from-home needs, or creative use. The main home includes two bedrooms and a living/dining area with hardwood floors throughout. A door off the kitchen leads to a spacious utility area and onto a converted… Read MoreRead Less
Listing courtesy of RE/MAX Equity Group.
Listing Snapshot
Days Online
90
Last Updated
Year Built
1952
MLS Number
671018448
30 Days Snapshot Of 97220
$433k
0%
(avg) sold price
21
-8%
homes sold
48
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace, ExteriorEntry
Building
Built in 1952, Unit Type Type: UnitTypeType1, UnitTypeType2
Cooling
Cooling: WallUnit
Expenses
Operating Expense: $13,850
Exterior Features
Exterior Description: VinylSiding
Heating
Heating: ForcedAir
Income
CAP Rate: 5.18, Gross Income: $38,200, Gross Rent Multiplier: 12.3, Net Operating Income: $24,350
Lot
Features: Level, Size Range: SqFt10000to14999, Size: 10,000 to 14,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner
Parking
Features: Driveway, OffStreet
Property
Number Of Units Total: 2, Zoning: R7
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $6,031, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,754, Area: 1035, Features: Disposal, HardwoodFloors, Refrigerator, WasherDryer, Units Total: 1, 2 total bathrooms, 2 total bedroom
Unit Two
Actual Rent: $1,430, Area: 840, Features: Dishwasher, Microwave, Refrigerator, WasherDryer, Units Total: 1, 2 total bathrooms, 2 total bedroom
Utilities
Fuel Description: Gas, Hot Water 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.
Ventura Park Elementary School 503-256-6508 Public PK-5
Floyd Light Middle School 503-256-6511 Public 6-8
David Douglas High School 503-261-8300 Public 9-12
Ventura Park Elementary School 503-256-6508 Public PK-5
Ventura Park Elementary School 503-256-6508 Public PK-5
Floyd Light Middle School 503-256-6511 Public 6-8
David Douglas High School 503-261-8300 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.