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Nathan Stancil

nathan@exploreoregonhomes.com +1(503) 621-4693

Listed by Urban Nest Realty

$ 749,000

Est. payment | -/mo

3,420 SqFt

Save

$ 749,000

Est. payment | -/mo

Save

3,420 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,420 sqft

Price per Sqft $219

Subdivision South Tabor

MLS Listing ID 652700971

HOA Y/N No

Year Built 1956

Annual Tax Amount $6,949

Tax Year 2025

Lot Size 5,662 Sqft

Property Description

Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Live in one unit and rent the other 2 to pay your mortgage. Great opportunity in a fantastic location, bringing in just over $5,000 per month and $61,000 gross revenue annually. Cap. rate at 6.2% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property. DND Tenants.

Location

State OR

County Multnomah

Community Centralair, Laundry

Area _143

Zoning R2.5

Rooms

Basement Full Basement, Partially Finished

Interior

Heating Forced Air

Cooling Central Air

Exterior

Community Features CentralAir, Laundry

View Seasonal

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Creston

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Assumable, Cash, Conventional, FHA, VALoan

Listing Terms Assumable, Cash, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 621-4693

nathan@exploreoregonhomes.com

5105 5109 SE TIBBETTS ST Portland, OR 97206