MLS# 24052953 – 11821 Se Pine St, Portland, OR 97216 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Redfin.

Property Description

Description

2 Units

Status: Active

Year Built: 2005

Neighborhood: Ventura Park

Days on Website: 62

Multi family living in the well kept home. Downstairs is a one bedroom apartment with separate access and separate utilities.Upstairs unit is a two bed unit that is tenant occupied on a month to month lease. There are two covered parking spaces. Both units have newer flooring and are in great condition. This is the perfect multi-generational living, or owner occupied rental.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Finished

Building

Building Area Total:

1650

Built in 2005

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$10,000

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

WallHeater,Zoned

Home Owner's Association

HOA Required

Income

CAP Rate:

4.62

Gross Income:

$30,800

Gross Rent Multiplier:

14.61

Net Operating Income:

$20,800

Listing

Contract Status Change Date:

2024-02-29

Days On Market:

Last Transaction Date:

2024-03-01 21:35:39

List Price:

$450,000

Listing Contract Date:

2024-02-29

Listing Id:

24052953

Mls Status:

Active

Modification Timestamp:

2024-03-01 21:35:39

On Market Date:

2024-02-29

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

Ventura Park

County Or Parish:

Multnomah

Lot

Size Acres:

0.05

Size Range:

SqFt0Kto2999

Size Square Feet:

2,178

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Carport,Covered

2 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Zoning:

Roof

Roof:

Composition

Schools

High School:

David Douglas

Middle Or Junior School:

Floyd Light

Elementary School:

Ventura Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,417

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,200

Area:

675

Features:

Deck,Dishwasher,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,400

Area:

960

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

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

$450,000 -

11821 Se Pine St Portland , OR 97216

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 2, 2024 6:49AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.