MLS# 24627982 – 8707 Sw Terwilliger Blvd, Portland, OR 97219 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of The Agency Portland.

Property Description

Description

4 Units

Status: Pending

Year Built: 1962

Days on Website: 61

With a steady rental history, this mid-century 4 PLEX retains much of it's original character and charm with hardwood floors, large windows, spacious rooms, back decks, individual tuck under garages with additional storage, and guest parking. These single level units offer comfort and ease of living. This .22 acre lot is situated in the Carson Heights neighborhood and conveniently located with a bus line out front and easy freeway access. New roof in 2020. New Exterior paint on North and West sides and all garage doors in 2023.A CAP rate of 5.57 makes this a sound investment. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10223666]

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Built in 1962

Storage:

Deck,Garage

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$13,762

Exterior Features

Exterior Description:

LapSiding,Plywood,TongueandGroove

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.57

Gross Income:

$61,140

Gross Rent Multiplier:

13.9

Gross Scheduled Income:

$66,690

Net Operating Income:

$47,378

Listing

Contract Status Change Date:

2024-04-13

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-04-13 11:28:32

List Price:

$850,000

Listing Contract Date:

2024-02-29

Listing Id:

24627982

Mls Status:

Pending

Modification Timestamp:

2024-04-13 11:28:32

Off Market Date:

2024-04-13

On Market Date:

2024-02-29

Purchase Contract Date:

2024-04-13

Rent Includes:

MaintenanceGrounds,TrashCollection

Standard Status:

Pending

Location

MLS Area Major:

_148

County Or Parish:

Multnomah

Lot

Features:

OnBusline,PublicRoad,Sloped

Size Acres:

0.22

Size Range:

SqFt7000to9999

Size Square Feet:

9,583

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Energy Saving

Green Certification

Parking

Features:

Garage,Guest

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RM1

Roof

Roof:

Fiberglass

Schools

High School:

Ida B Wells

Middle Or Junior School:

Jackson

Elementary School:

Capitol Hill

Security Features

Features:

Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,373

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,350

Area:

750

Features:

HardwoodFloors,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,255

Area:

750

Features:

HardwoodFloors,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,360

Area:

750

Features:

HardwoodFloors,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,200

Area:

750

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity,Tank

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$850,000 -

8707 Sw Terwilliger Blvd Portland , OR 97219

MLS Area Major: _148

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.