MLS# 24141501 – 3316 Se 23rd Ave, Portland, OR 97202 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1923

Neighborhood: Amsterdam

Days on Website: 175

Big old classic craftsman home with separate living quarters used as successful rental. Upper main portion of the home is spacious with the large covered porch, living room, dining room and kitchen. Total of 5 bedrooms! Basement was tastefully converted to a 2 bedroom unit with full kitchen and separate entrance. Both portions of the home have excellent rental history. Zoned for CM2 this home is perfect space for a business while continuing to generate income from the rental space. High walk and bike score. Potential for development into other retail or mixed use. Buyer to verify zoning.

Property Details and Features

Basement

Basement:

SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

4094

Built in 1923

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

AirConditioningReady

Expenses

Operating Expense Scheduled:

12044

Operating Expense:

$12,044

Exterior Features

Exterior Description:

Stucco

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.26

Gross Income:

$64,680

Gross Rent Multiplier:

15.46

Gross Scheduled Income:

$64,680

Net Operating Income:

$52,636

Net Scheduled Income:

52636

Listing

Contract Status Change Date:

2024-05-28

Days On Market:

177

Last Transaction Date:

2024-11-13 11:12:42

List Price:

$999,999

Listing Contract Date:

2024-05-28

Listing Id:

24141501

Mls Status:

Active

Modification Timestamp:

2024-11-21 01:07:54

On Market Date:

2024-05-28

Previous List Price:

$999,900

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

AMSTERDAM

County Or Parish:

Multnomah

Lot

Features:

Trees

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,AnnualPropertyOperationData,Leases,RentRecords

Parking

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Hosford

Elementary School:

Abernethy

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,870

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$3,695

Area:

2550

Features:

Dishwasher,HardwoodFloors,Range,Refrigerator

Units Total:

2 total bathrooms

5 total bedroom

Unit Two

Actual Rent:

$1,695

Area:

1544

Features:

Dishwasher,Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$999,999 -

3316 Se 23rd Ave Portland , OR 97202

MLS Area Major: _143

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.