MLS# 24037645 – 5153 Ne Killingsworth St, Portland, OR 97218 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Cascade Hasson Sotheby's International Realty.

Property Description

Description

4 Units

Status: Active

Year Built: 1984

Neighborhood: Cully

Days on Website: 48

Don't miss out on this incredible opportunity for a prime investment property: well-maintained 4-Plex that promises consistent cash flow. Each unit boasts spacious townhouse style 2-bedroom layouts with w/d hookups, attached storage, shared yard, and assigned parking -- ideal for attracting quality tenants and maximizing rental income. Currently owner-managed, this property features newer exterior siding and modern stainless-steel appliances in most units, ensuring renter satisfaction and minimizing maintenance costs. With solid renters already in place and commanding market-rate rents, this investment is a seamless addition to any portfolio. Convenience is key with off-street parking available and excellent proximity to essential amenities. Situated just steps away from the NE 42nd bus line, local stores, and cafes, tenants enjoy easy access to everyday necessities. Plus, with Fernhill Park, New Seasons, and the iconic Kennedy School McMennamins nearby, tenants have ample recreational and entertainment options at their fingertips. This 4-Plex offers a hassle-free investment opportunity in a sought-after location. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10225971]

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3328

Built in 1984

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling:

None

Expenses

Operating Expense:

$16,780

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.97

Gross Income:

$69,012

Gross Rent Multiplier:

12.68

Gross Scheduled Income:

$71,760

Net Operating Income:

$52,232

Listing

Contract Status Change Date:

2024-03-15

Days On Market:

Last Transaction Date:

2024-03-15 16:18:24

List Price:

$875,000

Listing Contract Date:

2024-03-15

Listing Id:

24037645

Mls Status:

Active

Modification Timestamp:

2024-03-15 16:18:24

On Market Date:

2024-03-15

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

CULLY

County Or Parish:

Multnomah

Lot

Features:

GentleSloping

Size Acres:

0.21

Size Range:

SqFt7000to9999

Size Square Feet:

9,147

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Energy Saving

Green Certification

Parking

Features:

Assigned

5 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RM-1

Roof

Roof:

Composition,Shingle

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Beaumont

Elementary School:

Rigler

Security Features

Features:

None

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,598

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,495

Area:

832

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,270

Area:

832

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,495

Area:

832

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,495

Area:

832

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 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

$875,000 -

5153 Ne Killingsworth St Portland , OR 97218

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.