MLS# 24035734 – 3125 Sw Vermont St, Portland, OR 97219 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Kelly Right Real Estate of Portland, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1923

Neighborhood: Southwest Portland

Days on Website: 295

Step into your new cottage-style abode right beside the acclaimed Gabriel Park. Live in one unit and offset your mortgage with the other or rent both out and generate cash flow. This character-filled 1920s home, zoned RM1, has always been well-maintained and offers stunning West Hills views. Both sides have been remodeled in the past year. 3 beds & 2 full baths on one side, along with new carpeting, a spacious master suite, formal dining, a living room with a wood fireplace, and a modern kitchen. The other side houses a sizable 1-bedroom apartment with its own kitchen, full bath, and living area, boasting new floors, appliances, and more. Additional amenities include a massive deck with a view, a detached garage, and a full basement with storage and laundry. Enjoy proximity to a trifecta of amenities: Gabriel Park, spanning 89+ acres with a brand new playground, nature trails, tennis & basketball courts, skatepark, and much more; unique boutiques and gourmet dining in the charming Multnomah Village; and a variety of locally owned businesses in Hillsdale for everything else you could need, all within walking distance! Please do not disturb occupants.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement,Unfinished

Building

Building Area Total:

2600

Built in 1923

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

MiniSplit

Exterior Features

Exterior Description:

Cedar,ShakeSiding

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir90,ForcedAir95Plus

Income

CAP Rate:

6.35

Gross Income:

$46,200

Gross Rent Multiplier:

13.63

Gross Scheduled Income:

$60,000

Net Operating Income:

$40,000

Listing

Contract Status Change Date:

2024-02-01

Days On Market:

294

Last Transaction Date:

2024-10-14 10:32:42

List Price:

$629,900

Listing Contract Date:

2024-02-01

Listing Id:

24035734

Mls Status:

Active

Modification Timestamp:

2024-10-14 10:32:42

On Market Date:

2024-02-01

Previous List Price:

$654,900

Rent Includes:

TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_148

Subdivision Name:

SOUTHWEST PORTLAND

County Or Parish:

Multnomah

Lot

Features:

GentleSloping,Private,Secluded,Trees

Size Acres:

0.14

Size Dimensions:

~ 100ftX60

Size Range:

SqFt5000to6999

Size Square Feet:

6,098

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,Garage

1 total parking spot

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Ida B Wells

Middle Or Junior School:

Other

Elementary School:

Hayhurst

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,115

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,500

Area:

1650

Features:

AirConditioning,Deck,Furnished,Refrigerator

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,350

Area:

750

Features:

AirConditioning,Deck,Refrigerator,Storage

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Water Source:

PublicWater

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$629,900 - Br/0Ba - for Sale in Southwest Portland, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$629,900 -

3125 Sw Vermont St Portland , OR 97219

MLS Area Major: _148

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.