MLS# 24035941 – 2123/2125 Se Sherrett St, Portland, OR 97202 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Windermere Realty Trust.

Property Description

Description

2 Units

Status: Pending

Year Built: 1968

Neighborhood: Sellwood

Days on Website: 36

PLEASE DO NOT DISTURB TENANTS, BOTH UNITS OCCUPIED. 10 out of 10 energy scores! Discover an exceptional investment opportunity in coveted Sellwood. This meticulously maintained 1968 side-by-side duplex offers a rare blend of charm and modern updates, presenting an outstanding chance for investors. This wonderful property has a strong rental history with infrequent vacancies. Its prime location, directly across from a charming pocket park, provides a peaceful setting for residents while offering convenient off-street parking and gorgeous, thoughtful landscaping. With its combination of extensive recent updates, desirable location, and proven rental performance, this duplex presents both immediate returns and long-term appreciation potential. Don't miss this chance to own a lucrative investment property in one of Portland's most sought-after neighborhoods. Please respect tenant privacy – offers subject to inspection.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1584

Built in 1968

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Community

Community Features:

AllLandscaping

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$18,638

Exterior Features

Exterior Description:

Brick,T111Siding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

4.37

Gross Income:

$44,817

Gross Rent Multiplier:

13.37

Net Operating Income:

$26,178

Listing

Contract Status Change Date:

2024-10-26

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-26 20:57:45

List Price:

$599,000

Listing Contract Date:

2024-10-18

Listing Id:

24035941

Mls Status:

Pending

Modification Timestamp:

2024-10-26 21:03:11

Off Market Date:

2024-10-26

On Market Date:

2024-10-18

Purchase Contract Date:

2024-10-26

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_143

Subdivision Name:

SELLWOOD

County Or Parish:

Multnomah

Lot

Features:

Level,Private

Size Acres:

0.11

Size Dimensions:

50'x100'

Size Range:

SqFt5000to6999

Size Square Feet:

4,791

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases

Energy Saving

Green Certification

Parking

Features:

OffStreet,OnStreet

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

RM1dp

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Sellwood

Elementary School:

Duniway

Sewer

Sewer:

SepticTank

Taxes

Annual Amount:

$5,928

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,850

Area:

792

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,885

Area:

792

Features:

AirConditioning,Deck,Dishwasher,WasherDryer

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

$599,000 -

2123/2125 Se Sherrett St Portland , OR 97202

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.