MLS# 24555307 – 532 Se 52nd Ave, Portland, OR 97215 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of JMA Properties LLC.

Property Description

Description

4 Units

Status: Active

Year Built: 1951

Neighborhood: Mt Tabor

Days on Website: 62

Gorgeous mid-century brick Quad-Plex! This 1951 bricker oozes with character including hardwood floors, arched entries, coved ceilings, wood-burning fireplaces and bright oversized windows. The grand main-level unit is a very generous 2-Bedroom with spacious kitchen and massive rooms, updated high-eff furnace & A/C. The top floor 1-Bedroom is 862sf and features an open floorplan throughout DR/LR/Kitchen. Includes oak hardwoods, mini split with A/C and insulation upgrades. The lower level was built out in 2021 and features sleek, refined finishes mixed with large windows and lots of light. The lower level includes a 2-Bedroom unit with fireplace, polished concrete floors and custom tile. The lower level 1-Bedroom unit lives large with double closets and open floorplan. Soundproofing added to lower level ceiling & walls for privacy. Amenities for all units include; shared back patio, (2) shared Washer/Dryer units, (4) bike lockers, (3) electric car charging stations and a dedicated off-street parking spot per unit. Don't miss out on this great investment opportunity in the coveted Mount Tabor neighborhood!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

4490

Built in 1951

Storage:

IndividualStorageUnits,Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

Commons,Laundry

Cooling

Cooling Equipped

Cooling:

CentralAir,MiniSplit

Expenses

Operating Expense Scheduled:

24073

Operating Expense:

$23,372

Exterior Features

Exterior Description:

Brick

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir90,MiniSplit,Radiant

Income

CAP Rate:

7.24

Gross Income:

$88,451

Gross Rent Multiplier:

10.16

Gross Scheduled Income:

$88,968

Net Operating Income:

$65,079

Net Scheduled Income:

64895

Listing

Contract Status Change Date:

2024-02-29

Days On Market:

Last Transaction Date:

2024-04-04 11:11:00

List Price:

$899,000

Listing Contract Date:

2024-02-29

Listing Id:

24555307

Mls Status:

Active

Modification Timestamp:

2024-04-04 11:11:00

On Market Date:

2024-02-29

Previous List Price:

$950,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

MT TABOR

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.11

Size Dimensions:

55 x 88

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases

Parking

Features:

Assigned,OffStreet

4 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Mt Tabor

Elementary School:

Glencoe

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,759

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,450

Area:

1811

Features:

AirConditioning,Dishwasher,Fireplace,HardwoodFloors

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,870

Area:

862

Features:

AirConditioning,Dishwasher,HardwoodFloors,Range

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,734

Area:

949

Features:

AirConditioning,Dishwasher,Fireplace,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,360

Area:

601

Features:

AirConditioning,Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$899,000 -

532 Se 52nd Ave Portland , OR 97215

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.