MLS# 24265575 – 2629 Se 174th Ave, Portland, OR 97236 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of JC Realty NW.

Property Description

Description

4 Units

Status: Active

Year Built: 1995

Days on Website: 72

Wonderful investment opportunity! Spacious units with 2 or 3 bedrooms and 2 full baths. Plenty of room to increase rent with a little modern updates to each unit. Rent includes water/sewer/garbage. Write offer subject to interior inspection. DO NOT DISTURB TENANTS! No sign on property.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1995

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling:

None

Expenses

Operating Expense:

$16,555

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

6.83

Gross Income:

$75,216

Gross Rent Multiplier:

11.42

Net Operating Income:

$58,661

Listing

Contract Status Change Date:

2024-02-19

Days On Market:

Last Transaction Date:

2024-03-19 12:35:03

List Price:

$859,000

Listing Contract Date:

2024-02-19

Listing Id:

24265575

Mls Status:

Active

Modification Timestamp:

2024-03-19 12:35:03

On Market Date:

2024-02-19

Previous List Price:

$849,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

PrivateRoad

Size Acres:

0.19

Size Range:

SqFt7000to9999

Size Square Feet:

8,276

Size:

7,000 to 9,999 SqFt

Parking

Features:

Garage

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Zoning:

mult

Roof

Roof:

Composition

Schools

High School:

Centennial

Middle Or Junior School:

Centennial

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$10,727

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,750

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,750

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Three

Actual Rent:

$1,384

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Four

Actual Rent:

$1,384

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$859,000 -

2629 Se 174th Ave Portland , OR 97236

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

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