MLS# 24126617 – 9579 N Lombard St, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of John L. Scott Portland Central.

Property Description

Description

2 Units

Status: Active

Year Built: 1905

Neighborhood: St Johns

Days on Website: 75

Opportunity knocks in St. Johns! With a wonderful, reliable tenant in the lower unit refinished bathrooms and new carpet/paint in the upper, the sky is the limit. Both apartments have outdoor deck/patios, separate yard space, parking and tons of storage in the basement (which is not included in square footage). Rentometer shows the vacant unit as avg $1459/mo. Parking for 2+ and close to all St. Johns has to offer, this is a must see!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,StorageSpace,Unfinished

Building

Building Area Total:

1360

Built in 1905

Storage:

Basement,Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$1,890

Exterior Features

Exterior Description:

Other

Garage

Garage Spaces:

Heating

Heating:

WallHeater

Income

CAP Rate:

5.55

Gross Income:

$24,600

Gross Rent Multiplier:

16.06

Net Operating Income:

$21,930

Listing

Contract Status Change Date:

2024-02-15

Days On Market:

Last Transaction Date:

2024-04-26 18:28:51

List Price:

$395,000

Listing Contract Date:

2024-02-15

Listing Id:

24126617

Mls Status:

Active

Modification Timestamp:

2024-04-26 18:28:51

On Market Date:

2024-02-15

Previous List Price:

$410,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

ST JOHNS

County Or Parish:

Multnomah

Lot

Size Range:

SqFt0Kto2999

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway

2 total parking spots

Possession

Possession:

ImmediatePossession

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RES2.5

Schools

High School:

Roosevelt

Middle Or Junior School:

George

Elementary School:

Sitton

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,477

Legal Description

Unit One

Actual Rent:

$1,000

Area:

800

Features:

Deck,HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Area:

560

Features:

Deck,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$395,000 -

9579 N Lombard St Portland , OR 97203

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 4:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.