MLS# 23147935 – 203 Ne Second St, Oakland, OR 97462 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of The Neil Company Real Estate.

Property Description

Description

2 Units

Status: Pending

Year Built: 1900

Days on Website: 245

Adorable turn-of-the-century building in Historic Oakland tastefully converted into a quality duplex. Great rental history and recently updated. Lower unit is 771 sqft, 1 bedroom, 1 full updated bathroom, updated kitchen, new ductless HVAC, and cute covered patio - rents for $1050/month. Upper unit is 627 sqft studio with original wood floors, new ductless HVAC - rents for $850/month. Common laundry area. New roof and exterior paint. Low maintenance, easy to rent and great return. Amazing investment opportunity for under $300K!

Property Details and Features

Building

Stories:

Building Area Total:

1398

Built in 1900

Unit Type Type:

UnitTypeType1,UnitTypeType2

Basement

Basement:

CrawlSpace

Property Access

Road Surface Type:

Paved

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

HeatPump

Disclosures

Disclosures:

Disclosure

Expenses

Operating Expense:

$6,400

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

7.29

Gross Income:

$22,800

Gross Rent Multiplier:

9.87

Net Operating Income:

$16,400

Listing

Contract Status Change Date:

2024-04-12

Cumulative Days On Market:

228

Days On Market:

228

Last Transaction Date:

2024-04-15 13:29:21

List Price:

$225,000

Listing Contract Date:

2023-08-28

Listing Id:

23147935

Mls Status:

Pending

Modification Timestamp:

2024-04-15 13:29:21

Off Market Date:

2024-04-12

On Market Date:

2023-08-28

Previous List Price:

$250,000

Purchase Contract Date:

2024-04-12

Rent Includes:

Electricity,Water

Standard Status:

Pending

Location

MLS Area Major:

_256

County Or Parish:

Douglas

Lot

Features:

Level

Size Range:

SqFt3000to4999

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Open

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Oakland

Middle Or Junior School:

Lincoln

Elementary School:

Oakland

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,121

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$850

Area:

627

Features:

Range,Refrigerator,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,050

Area:

771

Features:

Range,Refrigerator,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$225,000 -

203 Ne Second St Oakland , OR 97462

MLS Area Major: _256

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 12:46AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.