Turnkey SE Portland income property with a private permitted ADU (2020), a 10.8× GRM, and $51,000 in projected gross annual rent — both units vacant and ready for your tenants on day one. Unit A is a 720 SF one-level 1953 bungalow that lives far larger than its footprint. Solid… Read More oak hardwood floors run throughout, a newer heat pump mini-split HVAC keeps things comfortable year-round, and a new dishwasher and newer 6 ft cedar privacy fence complete the recent upgrades. Fully fenced front and back yards give tenants outdoor space that commands top-of-market rents. Projected at $2,400/month. Unit B is where this property really shines. Built in 2020 and fully permitted, this 288 SF tiny home ADU is accessed via a private entrance off the back alley — completely separate from the main house. Vaulted ceilings and generous natural light make it feel open and airy well beyond its square footage. It's fully appointed with in-unit stack laundry, a range/oven, and microwave— the kind of amenities that attract, quality tenants. A separate electric meter, fully fenced private yard, and gated off-street parking complete the picture. Strong rental history at $1,850/month speaks for itself. Combined gross rent of $4,250/month. GRM of 10.8×. A permitted ADU that would cost six figures to replicate today. This is a rare opportunity to acquire a fully upgraded, income-producing Portland property without the usual value-add risk. Located in Woodstock/Mt. Scott-Arleta — walkable to Woodstock Park, minutes from Reed College, and close to the restaurants and shops and new food trucks at The Heist. Arleta School and Franklin High School attendance area. Read Less
Architectural Style: Stories1, Building Area Calculated: 720, Building Area Description: Owner, Building Area Total: 1008, Built in 1953, Main Level Area Total: 720, Stories: 1
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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.
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