MLS# 24362747 – 1617/1625 Se Clatsop St, Portland, OR 97202 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of All Professionals Real Estate.

Property Description

Description

2 Units

Status: Active

Year Built: 2000

Neighborhood: Sellwood

Days on Website: 19

Own a piece of the American dream with this meticulously maintained duplex in the desirable Sellwood neighborhood. This property offers the perfect opportunity for both investment and comfortable living.Spacious and Stylish: Two well-maintained units, each with 3 bedrooms and 1.5 bathrooms. Ideal for owner-occupants to live in one unit and rent out the other, or for savvy investors seeking a strong rental property.Each unit boasts an updated kitchen with lots of storage space, hardwood floors, and an open floor LDK.Situated in the heart of Sellwood, it's close to Sellwood Middle School, trendy shops, restaurants, and parks. It also offers easy access to public transportation and major highways. May be possible to condominiumize and sell separately.Don't miss out on this fantastic opportunity!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

None

Building

Building Area Total:

3048

Built in 2000

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense Scheduled:

12555

Operating Expense:

$11,330

Exterior Features

Exterior Description:

LapSiding

Foundation

Foundation Details:

Slab

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.75

Gross Income:

$49,260

Gross Rent Multiplier:

16.22

Gross Scheduled Income:

$54,588

Net Operating Income:

$37,930

Net Scheduled Income:

42033

Listing

Contract Status Change Date:

2024-04-12

Days On Market:

Last Transaction Date:

2024-04-21 08:49:29

List Price:

$799,000

Listing Contract Date:

2024-04-12

Listing Id:

24362747

Mls Status:

Active

Modification Timestamp:

2024-04-21 08:49:29

On Market Date:

2024-04-12

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

Sellwood

County Or Parish:

Multnomah

Lot

Features:

Trees

Size Acres:

0.12

Size Dimensions:

50' x 100'

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,Leases,MaintenanceRecordsAvailable,ProfitLossStatement

Parking

Features:

Attached,Garage

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Sellwood

Elementary School:

Duniway

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,184

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,099

Area:

1524

Features:

Dishwasher,Microwave,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,848

Area:

1524

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 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

$799,000 -

1617/1625 Se Clatsop St Portland , OR 97202

MLS Area Major: _143

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.