Beautifully updated SE Portland property with multiple income streams! This fully updated 4BD/2BA home sits on a 5,000 SF lot and includes three detached tiny homes, each with full utility hookups and private access. Live in the main house and rent out the tiny homes, or lease the entire property… Read More as a high-yield, turn-key rental. Extensive upgrades throughout include a fully renovated kitchen and bathrooms, all-new electrical and plumbing, new mini-splits, fire suppression system, and fresh exterior paint. The backyard is professionally landscaped with a beautiful courtyard, gazebo, and communal gathering space. Zoned CM2 and permitted for year-round short term rental use, this property blends residential comfort with commercial-level income potential in the heart of the vibrant Hosford-Abernethy neighborhood, just minutes from downtown. A unique and flexible asset in one of Portland’s most desirable rental markets. Read Less
Listing courtesy of Kelly Right Real Estate of Portland, LLC.
Listing Snapshot
Days Online
11
Last Updated
Square Ft.
1,640
Lot Size
0.12 Acres
Year Built
1904
MLS Number
774373482
30 Days Snapshot Of 97202
$709k
0%
(avg) sold price
38
-33%
homes sold
27
+42%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Calculated: 1500, Building Area Total: 1640, Built in 1904, Unit Type Type: UnitTypeType1, UnitTypeType2
Cooling
Cooling: MiniSplit
Expenses
Operating Expense: $53,295
Exterior Features
Exterior Description: LapSiding
Heating
Heating: Ductless, MiniSplit
Income
CAP Rate: 9.11, Gross Income: $162,174, Gross Rent Multiplier: 7.37, Net Operating Income: $108,897
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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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