MLS# 24313154 – 4642 Se Madison St, Portland, OR 97215 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Windermere Realty Trust.

Property Description

Description

2 Units

Status: Pending

Year Built: 2008

Neighborhood: Sunnyside / Hawthorne

Days on Website: 65

Fantastic turn key investment property. Low maintenance newer construction craftsman plus an impressive 5.74 cap rate and all in an A+ location, just off of SE Hawthorne Blvd.! Unit A consist of the top 3 floors and boasts 5 bedrooms and 3 1/2 baths. Spacious main floor living with lovely kitchen and eat area that opens to the fenced backyard. Unit B is the 1,085 square foot lower level and is a 2 bed 1 bath. Fully separate water and electricity for both units. And both fully rented with tenants that would love to stay.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,Finished,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

4292

Built in 2008

Storage:

Attached,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense:

$14,323

Exterior Features

Exterior Description:

LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir90

Income

CAP Rate:

5.74

Gross Income:

$59,100

Gross Rent Multiplier:

13.2

Net Operating Income:

$44,777

Listing

Contract Status Change Date:

2024-04-07

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-04-11 13:15:49

List Price:

$780,000

Listing Contract Date:

2024-02-26

Listing Id:

24313154

Mls Status:

Pending

Modification Timestamp:

2024-04-11 13:15:49

Off Market Date:

2024-04-07

On Market Date:

2024-02-26

Purchase Contract Date:

2024-04-07

Rent Includes:

TrashCollection

Standard Status:

Pending

Location

MLS Area Major:

_143

Subdivision Name:

SUNNYSIDE / HAWTHORNE

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,OffStreet

1 total parking spot

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Mt Tabor

Elementary School:

Glencoe

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$13,482

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$3,675

Area:

3204

Features:

AirConditioning,HardwoodFloors,Refrigerator,WasherDryer

Units Total:

4 total bathrooms

5 total bedroom

Unit Two

Actual Rent:

$1,250

Area:

1085

Features:

AirConditioning,Dishwasher,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$780,000 -

4642 Se Madison St Portland , OR 97215

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.