MLS# 24178305 – 1921 1929 Ne 12th Ave, Portland, OR 97212 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of MORE Realty.

Property Description

Description

2 Units

Status: Pending

Year Built: 1925

Neighborhood: Irvington

Days on Website: 61

A rare vintage Irvington side-by-side duplex nestled on a quiet street offers; hardwood floors, a fireplace, updated kitchens with all the appliances included, three full bedrooms, 1.5 bathroom on one side, the other has 2 full bathrooms. The partially finished basement has had an upgraded waterproofing system installed, each side has a private basement, and a utility area with a washer & dryer included. The charming shared backyard has two decks for summer hangouts, yard space with a large covered carport for parking, and more additional storage. The options are endless as owner occupied, Multi-generational living side by side, or an amazing investment opportunity in this sought-after Urban-City location. Plenty of restaurants, pubs, cafes, boutiques, grocery stores like Wholefoods & Safeway, with a Walkers Paradise score of 93 and Bikers score of 100!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement,StorageSpace

Building

Building Area Total:

4196

Built in 1925

Storage:

Attached,Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

WindowUnit

Expenses

Operating Expense:

$18,686

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.3

Gross Income:

$54,152

Gross Rent Multiplier:

15.23

Net Operating Income:

$35,466

Listing

Contract Status Change Date:

2024-03-05

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-04-15 11:30:04

List Price:

$825,000

Listing Contract Date:

2024-02-29

Listing Id:

24178305

Mls Status:

Pending

Modification Timestamp:

2024-05-01 02:46:01

Off Market Date:

2024-03-05

On Market Date:

2024-02-29

Purchase Contract Date:

2024-03-05

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_142

Subdivision Name:

IRVINGTON

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,RentRecords,TaxReturnsAvailable,UtilityRecordsAvailable

Energy Saving

Green Certification

Parking

Features:

Carport,Detached

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

Grant

Middle Or Junior School:

Harriet Tubman

Elementary School:

Irvington

Second High School:

Jefferson

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$10,889

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,250

Area:

2098

Features:

Fireplace,HardwoodFloors,Range,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$2,360

Area:

2098

Features:

Fireplace,HardwoodFloors,Range,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Internet Service Type:

Cable,DSL

Water Source:

PublicWater

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$825,000 - Br/Ba - for Sale in Irvington, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$825,000 -

1921 1929 Ne 12th Ave Portland , OR 97212

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 11:45AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.