MLS# 24010165 – 4646 Se 83rd Ave, Portland, OR 97266 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Rarebird Real Estate.

Property Description

Description

2 Units

Status: Active

Year Built: 1966

Neighborhood: Lents

Days on Website: 165

Two unit apartment strategically situated close to transit and groceries, convenience is at your doorstep, ensuring easy access for tenants. Walk Score of 90! Fantastic opportunity to break into the landlord game with this income producing gem. The layout of the complex encourages a sense of community, with a central parking lot providing off-street parking for all tenants. Buyers and their agents welcome!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

StorageSpace

Building

Building Area Total:

1820

Built in 1966

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$11,558

Exterior Features

Exterior Description:

LapSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.24

Gross Income:

$33,834

Gross Rent Multiplier:

12.56

Net Operating Income:

$22,275

Listing

Contract Status Change Date:

2024-06-11

Days On Market:

164

Last Transaction Date:

2024-08-08 09:51:28

List Price:

$425,000

Listing Contract Date:

2024-06-11

Listing Id:

24010165

Mls Status:

Active

Modification Timestamp:

2024-08-08 09:51:28

On Market Date:

2024-06-11

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

LENTS

County Or Parish:

Multnomah

Lot

Size Acres:

0.1

Size Dimensions:

100x45

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,Leases,ProfitLossStatement,RentRecords

Parking

Features:

Assigned,OffStreet

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Kellogg

Elementary School:

Marysville

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,130

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,320

Area:

730

Features:

Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,325

Area:

730

Features:

Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$425,000 -

4646 Se 83rd Ave Portland , OR 97266

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.