MLS# 23022376 – 432 Ne Dekum St, Portland, OR 97211 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott NE Portland.

Property Description

Description

3 Units

Status: Active

Year Built: 1910

Neighborhood: Woodlawn/dekum

Days on Website: 408

Calling all entrepreneurs, investors and creative thinkers? this is the spot for you. Zoned CM2 and positioned on a corner lot this three unit rental is ready for your vision. Currently used as a duplex with fully rented salon outbuilding with separate meters. The ground work has been done for more income revenue with a fully permitted space for a food cart, tiny home, or a commercial kitchen if you repurposed the main floor into a cafe or restaurant with more seating available in adjacent level back yard. Full basement is also ready for your finishing touches for even more income revenue. The main level unit has been refreshed with new flooring, light fixtures and plumbing. The salon space was a complete new build in 2020 and has exquisite finishes throughout including a vaulted ceiling, floor to ceiling brick wall with 7 foot wood arched Marvin windows. Complete with a half bath and extra work sink, powered by tankless water heater. Call today for a private tour and to discuss how to make this your creative dream and add to the Dekum Triangle and Woodlawn food scene.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement,StorageSpace,Unfinished

Building

Building Area Total:

3250

Built in 1910

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense Scheduled:

3491

Operating Expense:

$3,491

Exterior Features

Exterior Description:

LapSiding,ShingleSiding,WoodSiding

Foundation

Foundation Details:

Block

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

6.3

Gross Income:

$59,580

Gross Rent Multiplier:

14.94

Gross Scheduled Income:

$64,380

Net Operating Income:

$56,089

Net Scheduled Income:

60889

Listing

Contract Status Change Date:

2023-10-10

Days On Market:

407

Last Transaction Date:

2024-09-30 12:17:35

List Price:

$890,000

Listing Contract Date:

2023-10-10

Listing Id:

23022376

Mls Status:

Active

Modification Timestamp:

2024-09-30 12:17:35

On Market Date:

2023-10-10

Previous List Price:

$900,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

WOODLAWN/DEKUM

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Range:

SqFt5000to6999

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

CM2

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Ockley Green

Elementary School:

Woodlawn

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,851

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,550

Area:

936

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$2,650

Area:

2098

Features:

Dishwasher,HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,165

Area:

216

Units Total:

1 total bathroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$890,000 -

432 Ne Dekum St Portland , OR 97211

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.