MLS# 24142388 – 6210 N Mears St, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

4 Units

Status: Pending

Year Built: 2000

Neighborhood: St Johns

Days on Website: 63

Charming 4-Plex in the Heart of St. Johns - Investment Opportunity!Discover this well-maintained 4-plex situated in the vibrant and sought-after St. Johns neighborhood. This property offers immediate rental income with potential for rent growth.Each unit features 2 bed and 1 bathroom. Each unit boasts spacious layouts, in-unit washer/dryer, and off-street parking for added convenience. Adjacent to city-owned property, enjoy the added privacy and open surroundings. Please respect tenant privacy – offers subject to inspection. An ideal investment opportunity in one of Portland’s most thriving areas.

Property Details and Features

Unit One

Area:

816

Actual Rent:

$1,500

Features:

Deck,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Property Access

Road Surface Type:

Concrete,Paved

Basement

Basement:

CrawlSpace

Building

Built in 2000

Storage:

None

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

AllLandscaping

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

39000

Operating Expense:

$28,169

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

WallHeater,Zoned

Income

CAP Rate:

5.01

Gross Income:

$44,772

Gross Rent Multiplier:

16.19

Gross Scheduled Income:

$66,120

Net Operating Income:

$36,352

Net Scheduled Income:

57524

Listing

Contract Status Change Date:

2024-10-03

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-11 12:12:11

List Price:

$725,000

Listing Contract Date:

2024-09-19

Listing Id:

24142388

Mls Status:

Pending

Modification Timestamp:

2024-10-11 12:15:20

Off Market Date:

2024-10-03

On Market Date:

2024-09-19

Purchase Contract Date:

2024-10-03

Rent Includes:

MaintenanceGrounds,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_141

Subdivision Name:

ST JOHNS

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement

Parking

Features:

OffStreet,Open

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

George

Elementary School:

James John

Security Features

Features:

None

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,073

Legal Description

Tax Year:

2023

Unit Two

Actual Rent:

$1,600

Area:

816

Features:

Deck,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,100

Area:

816

Features:

Unfurnished,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,600

Area:

816

Features:

Unfurnished,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity,Tank

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$725,000 -

6210 N Mears St Portland , OR 97203

MLS Area Major: _141

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.