MLS# 23338003 – 2560 Se 136th Ave, Portland, OR 97236 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams PDX Central.

Property Description

Description

4 Units

Status: Active

Year Built: 1945

Days on Website: 588

Great investment opportunity. 2 duplexes, side by side. Each unit is 2bd/1 ba. All kitchens & bathrooms have been recently remodeled. Additional updates include, new flooring, windows, paint, hot water heaters and electrical panels. Owner has updated the decks and landscaping in the private and common areas. Large off-street parking for 8 vehicles. Close to transportation and plenty of amenities. All units are occupied. One MTM tenant.

Property Details and Features

Building

Building Area Total:

2832

Built in 1945

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$19,815

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

6.23

Gross Income:

$68,880

Gross Rent Multiplier:

11.4

Net Operating Income:

$48,880

Listing

Contract Status Change Date:

2023-04-13

Days On Market:

587

Last Transaction Date:

2024-11-01 12:33:22

List Price:

$785,000

Listing Contract Date:

2023-04-13

Listing Id:

23338003

Mls Status:

Active

Modification Timestamp:

2024-11-01 12:33:22

On Market Date:

2023-04-13

Previous List Price:

$799,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

FlagLot,Level,Private

Size Range:

SqFt15000to19999

Size:

15,000 to 19,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement

Parking

Features:

Open,Paved

8 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

David Douglas

Middle Or Junior School:

Ron Russell

Elementary School:

Lincoln Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$7,869

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,400

Area:

708

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,400

Area:

708

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,515

Area:

708

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,425

Area:

708

Features:

Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$785,000 -

2560 Se 136th Ave Portland , OR 97236

MLS Area Major: _143

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.