MLS# 24030485 – 6020 Ne Milton St, Portland, OR 97213 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of The Broker Network, LLC.

Property Description

Description

3 Units

Status: Pending

Year Built: 1961

Days on Website: 133

This versatile property provides rental income and expansion potential. Each 2-bedroom, 1-bathroom unit features oak hardwood floors, ample storage, forced air heat, and on-site parking. Tenants enjoy patio spaces, a large yard with garden beds, fruit trees, and raspberries. Shared amenities include coin laundry and storage lockers. Situated near all that the Fremont District offers—restaurants, shops, parks, recreation, and necessities—this 1960s triplex brings charm and convenience. With future development potential and stable income, it’s perfect for investors who want the best of both worlds.

Property Details and Features

Lot

Size Acres:

0.3

Features:

CornerLot,Level

Size Range:

SqFt10000to14999

Size Square Feet:

13,068

Size:

10,000 to 14,999 SqFt

Building

Built in 1961

Building Area Total:

3217

Storage:

Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Expenses

Operating Expense Scheduled:

18104

Operating Expense:

$20,366

Exterior Features

Exterior Description:

Brick

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.59

Gross Income:

$54,804

Gross Rent Multiplier:

13.69

Gross Scheduled Income:

$58,104

Net Operating Income:

$34,438

Net Scheduled Income:

40000

Listing

Contract Status Change Date:

2024-10-29

Cumulative Days On Market:

110

Days On Market:

110

Last Transaction Date:

2024-10-29 19:47:50

List Price:

$750,000

Listing Contract Date:

2024-07-11

Listing Id:

24030485

Mls Status:

Pending

Modification Timestamp:

2024-10-29 19:47:50

Off Market Date:

2024-10-29

On Market Date:

2024-07-11

Purchase Contract Date:

2024-10-29

Rent Includes:

TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Miscellaneous

Investor Information:

AccordingToOwner,RentRecords

Parking

Features:

Driveway,OnStreet

6 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Zoning:

R-7

Roof

Roof:

Composition

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Roseway Heights

Elementary School:

Scott

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,180

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,750

Area:

950

Features:

Dishwasher,HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,525

Area:

750

Features:

Dishwasher,HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,292

Area:

750

Features:

Dishwasher,HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,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

$750,000 -

6020 Ne Milton St Portland , OR 97213

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.