MLS# 22171037 – 6905 N Jersey St, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of The Broker Network, LLC.

Property Description

Description

4 Units

Status: Active

Year Built: 2018

Neighborhood: St Johns

Days on Website: 491

amazing investment property.Low maintenance and easy to rent when needed. located near University of Portland, shopping, multiple parks, restaurants and more! Great investment with main home featuring 3 beds/ 2.5 baths plus 1 bed/1bath Adu. High-end finishes include hardwoods, quartz, custom tile, etc. High ceilings, gas fireplace, open concept as well as marvelous primary suite. Larger main home has a/c & garage. This is a package sale with 7415 N. Ida. RMLS# 23046247. Live in main and rent out ADU or vice versa on either home.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Finished,FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Built in 2018

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense:

$16,000

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

ForcedAir95Plus

Income

CAP Rate:

4.8

Gross Income:

$86,320

Gross Rent Multiplier:

16.91

Net Operating Income:

$70,000

Listing

Contract Status Change Date:

2022-12-21

Days On Market:

491

Last Transaction Date:

2024-02-06 10:36:11

List Price:

$1,459,800

Listing Contract Date:

2022-12-21

Listing Id:

22171037

Mls Status:

Active

Modification Timestamp:

2024-02-06 10:36:11

On Market Date:

2022-12-21

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

ST JOHNS

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Range:

SqFt3000to4999

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement,RentRecords

Parking

Features:

Attached,Garage

4 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

George

Elementary School:

James John

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$7,886

Legal Description

Tax Year:

2021

Unit One

Actual Rent:

$2,720

Area:

2068

Features:

Deck,Disposal,Fireplace

Units Total:

3 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,490

Area:

567

Features:

Microwave,Range

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$2,595

Area:

2068

Features:

Deck,Disposal,Fireplace

Units Total:

3 total bathrooms

3 total bedroom

Unit Four

Actual Rent:

$1,070

Area:

567

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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$1,459,800 - Br/Ba - for Sale in St Johns, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,459,800 -

6905 N Jersey St Portland , OR 97203

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 26, 2024 3:50AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.