MLS# 24287734 – 5105 Se Tibbetts St, Portland, OR 97206 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Urban Nest Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 1956

Neighborhood: South Tabor

Days on Website: 20

Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.4% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. No Showings, please contact the listing agent for Open House information or questions. DND Tenants.

Property Details and Features

Property Access

Road Surface Type:

Concrete,Paved

Basement

Basement:

FullBasement,PartiallyFinished,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

3420

Built in 1956

Storage:

Basement,Locked

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense:

$14,700

Exterior Features

Exterior Description:

ShakeSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.36

Gross Income:

$58,944

Gross Rent Multiplier:

Net Operating Income:

$44,244

Listing

Contract Status Change Date:

2024-04-11

Days On Market:

Last Transaction Date:

2024-04-20 11:47:46

List Price:

$825,000

Listing Contract Date:

2024-04-11

Listing Id:

24287734

Mls Status:

Active

Modification Timestamp:

2024-04-20 11:47:46

On Market Date:

2024-04-11

Rent Includes:

Electricity,Gas,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

SOUTH TABOR

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

0.13

Size Range:

SqFt5000to6999

Size Square Feet:

5,662

Size:

5,000 to 6,999 SqFt

Parking

Features:

Driveway,OffStreet

3 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Kellogg

Elementary School:

Creston

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,443

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,032

Area:

875

Features:

HardwoodFloors,Range,Storage,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,250

Area:

1150

Features:

AirConditioning,HardwoodFloors,Storage,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,630

Area:

855

Features:

AirConditioning,Refrigerator,Storage,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$825,000 -

5105 Se Tibbetts St Portland , OR 97206

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.