MLS# 24069684 – 1554 Ne 68th Ave, Portland, OR 97213 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of MORE Realty.

Property Description

Description

2 Units

Status: Active

Year Built: 1996

Neighborhood: Rose City Park

Days on Website: 72

Located in Rose City Park, this 1996-built duplex offers incredible potential with excellent access to Providence, public transit, and a variety of local restaurants and amenities. The lower unit features a comfortable one-bedroom, one-bath layout, perfect for renters or owner-occupants looking to house hack. The spacious upper unit boasts two bedrooms, 1.5 baths, a cozy fireplace, and a brand-new heat pump system for year-round comfort. Both units are positioned on the north side of the property, sharing a common wall with the duplex next door. With the lower unit currently vacant and the upper unit occupied, this property provides immediate income potential with room to increase revenue. Reach out for your private showing.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

1644

Built in 1996

Storage:

Garage

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

HeatPump,MiniSplit

Expenses

Operating Expense:

$15,146

Exterior Features

Exterior Description:

Other

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

HeatPump,MiniSplit,WallHeater

Income

CAP Rate:

3.2

Gross Income:

$28,434

Gross Rent Multiplier:

14.6

Gross Scheduled Income:

$34,500

Net Operating Income:

$13,288

Listing

Contract Status Change Date:

2024-09-12

Days On Market:

Last Transaction Date:

2024-11-22 14:29:52

List Price:

$415,000

Listing Contract Date:

2024-09-12

Listing Id:

24069684

Mls Status:

Active

Modification Timestamp:

2024-11-23 01:40:46

On Market Date:

2024-09-12

Previous List Price:

$420,000

Rent Includes:

TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

ROSE CITY PARK

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.06

Size Range:

SqFt0Kto2999

Size Square Feet:

2,613

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,Leases

Energy Saving

Energy Efficiency Features:

DoublePaneWindows,HeatPump,MiniSplit,SolarPhotovoltaic

Parking

Features:

Garage,OffStreet

1 total parking spot

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

CM1

Roof

Roof:

Composition

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Roseway Heights

Elementary School:

Rose City Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,420

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,775

Area:

1122

Features:

AirConditioning,Deck,Dishwasher,WasherDryerHookup

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,100

Area:

564

Features:

Dishwasher,Range,WasherDryerHookup

Units Total:

1 total bathroom

1 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

$415,000 -

1554 Ne 68th Ave Portland , OR 97213

MLS Area Major: _142

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.