MLS# 24366890 – 626 628 Ne 75th Ave, Portland, OR 97213 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of eXp Realty, LLC.

Property Description

Description

4 Units

Status: Active

Year Built: 1960

Neighborhood: Brainard

Days on Website: 45

Discover the epitome of urban living in the heart of vibrant northeast Portland with this stunning multi-family 4-plex. Boasting a total of 6 bedrooms and 4 bathrooms spread across 2978 square feet, this meticulously crafted investment opportunity offers both comfort and convenience. Each unit exudes updated elegance, featuring spacious layouts, sleek finishes, and abundant natural light. Whether you're an investor seeking lucrative rental opportunities or a homeowner looking for a prime property with income potential, this is an exceptional opportunity not to be missed. Enjoy the eclectic charm of Portland's bustling neighborhoods, renowned dining spots, and cultural attractions, all just steps from these doorsteps. Don't miss your chance to own a piece of Portland's dynamic lifestyle in this remarkable property.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Unfinished

Building

Building Area Total:

2978

Built in 1960

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

24481

Operating Expense:

$24,442

Exterior Features

Exterior Description:

Brick,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.31

Gross Income:

$69,540

Gross Rent Multiplier:

12.22

Gross Scheduled Income:

$70,200

Net Operating Income:

$45,098

Net Scheduled Income:

45719

Listing

Contract Status Change Date:

2024-03-16

Days On Market:

Last Transaction Date:

2024-03-18 11:41:35

List Price:

$850,000

Listing Contract Date:

2024-03-16

Listing Id:

24366890

Mls Status:

Active

Modification Timestamp:

2024-05-01 02:46:01

On Market Date:

2024-03-16

Previous List Price:

$85,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

Brainard

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

0.15

Size Range:

SqFt5000to6999

Size Square Feet:

6,534

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

Leases,ProfitLossStatement,RentRecords

Parking

Features:

Carport,OnStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Roseway Heights

Elementary School:

Vestal

Security Features

Features:

None

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,080

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,360

Area:

612

Features:

Dishwasher,HardwoodFloors,Range,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,465

Area:

688

Features:

Dishwasher,HardwoodFloors,Range,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,450

Area:

600

Features:

Dishwasher,HardwoodFloors,Range,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,520

Area:

1000

Features:

Dishwasher,HardwoodFloors,Range,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

None

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$850,000 -

626 628 Ne 75th Ave Portland , OR 97213

MLS Area Major: _142

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.