MLS# 24011138 – 5806 Ne 16th Ave, Portland, OR 97211 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of JMA Properties LLC.

Property Description

Description

3 Units

Status: Active

Year Built: 1912

Neighborhood: Vernon / Alberta Arts

Days on Website: 63

Beautiful 1912 3-Unit craftsman just 2 blocks west of Alberta Park and within half-mile from hot new development on lower Killingsworth and Alberta Street. The main level unit retains the original charm including wainscoting, high ceilings, box beams, fireplace and built ins. At the same time it has modern features like an updated kitchen (2016), built in dishwasher, stackable W/D and air conditioning. The upper 3-bedroom unit includes a private deck with views to the east, air conditioning and washer/dryer. The lower level unit is the most modern of all with features like polished concrete floors, Comfort Cove radiant heat, passive radon system, upgraded insulation for sound & comfort, open kitchen with quartz counters & new cabinetry. All units include newer tankless hot water heaters. Amazing Location with a walk score of 89 and a bike score of 98. Great LT or ST rental options!

Property Details and Features

Unit Two

Units Total:

Actual Rent:

$2,130

Area:

1177

Features:

AirConditioning,Fireplace,Refrigerator,WasherDryer

1 total bathroom

1 total bedroom

Property Access

Road Surface Type:

Paved

Basement

Basement:

Finished,FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

3762

Built in 1912

Storage:

IndividualStorageUnits,Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling Equipped

Cooling:

CentralAir,MiniSplit

Expenses

Operating Expense Scheduled:

17346

Operating Expense:

$16,841

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir,MiniSplit,Radiant

Income

CAP Rate:

7.02

Gross Income:

$74,739

Gross Rent Multiplier:

11.04

Gross Scheduled Income:

$76,680

Net Operating Income:

$57,898

Net Scheduled Income:

59334

Listing

Contract Status Change Date:

2024-02-29

Days On Market:

Last Transaction Date:

2024-04-24 10:39:44

List Price:

$825,000

Listing Contract Date:

2024-02-29

Listing Id:

24011138

Mls Status:

Active

Modification Timestamp:

2024-04-24 10:39:44

On Market Date:

2024-02-29

Previous List Price:

$875,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

VERNON / ALBERTA ARTS

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

0.11

Size Dimensions:

50x100

Size Range:

SqFt5000to6999

Size Square Feet:

4,791

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases

Parking

Features:

Assigned

3 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Vernon

Elementary School:

Vernon

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,447

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,095

Area:

1283

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

3 total bedroom

Unit Three

Actual Rent:

$2,165

Area:

1302

Features:

AirConditioning,Dishwasher,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$825,000 -

5806 Ne 16th Ave Portland , OR 97211

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 10:48PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.