MLS# 24027427 – 1927 Ne 16th Ave, Portland, OR 97212 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Better Homes & Gardens Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 1894

Days on Website: 151

The Painted Lady Victorian home is rich in history and beautifully maintained. Currently is being used as a nightly rental, has been a month-to-month rental. 3 living spaces, main house, ADU in basement with full kitchen and outside entrance and the Studio/cottage in back. Parking on driveway and on the street. Quiet location. This property would be a great family home, multi-generational living or continue with investment and use as a short-term rental or long-term rental. Lots of options! Great location to shops, restaurants and the Irvington area. Newer roof (2022), plumbing and electrical box new in 2004, exterior paint 2018, new appliances/flooring in main kitchen 2023. Addition of ADU in basement, and studio out back. Peaceful courtyard and deck off of house. So many historic touches in this home remain yet modern convivences this truly a must see to appreciate incredible craftsmanship. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10100535]

Property Details and Features

Unit One

Units Total:

Area:

2162

Features:

AirConditioning,Deck,Fireplace,HardwoodFloors

3 total bathrooms

4 total bedroom

Property Access

Road Surface Type:

Paved

Basement

Basement:

SeparateLivingQuartersApartmentAuxLivingUnit

Building

Built in 1894

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense Scheduled:

22500

Operating Expense:

$30,100

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.78

Gross Income:

$97,000

Gross Rent Multiplier:

13.14

Gross Scheduled Income:

$106,800

Net Operating Income:

$61,000

Net Scheduled Income:

84300

Listing

Contract Status Change Date:

2024-06-24

Days On Market:

150

Last Transaction Date:

2024-10-29 20:36:15

List Price:

$1,275,000

Listing Contract Date:

2024-06-24

Listing Id:

24027427

Mls Status:

Active

Modification Timestamp:

2024-10-29 20:36:15

On Market Date:

2024-06-24

Rent Includes:

Electricity,Gas,MaintenanceGrounds,Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

RentRecords,UtilityRecordsAvailable

Energy Saving

Green Certification

Parking

Features:

OffSite,Paved

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Grant

Middle Or Junior School:

Harriet Tubman

Elementary School:

Irvington

Second High School:

Jefferson

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$13,388

Legal Description

Tax Year:

2023

Unit Two

Area:

1231

Features:

AirConditioning,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Area:

480

Features:

AirConditioning,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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$1,275,000 - Br/0Ba - for Sale in Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,275,000 -

1927 Ne 16th Ave Portland , OR 97212

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.