MLS# 24169894 – 4714 Se 83rd Ave, Portland, OR 97266 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Rarebird Real Estate.

Property Description

Description

4 Units

Status: Active

Year Built: 1966

Neighborhood: Lents

Days on Website: 163

Two duplexes (4 units total) strategically situated close to transit and groceries, convenience is at your doorstep, ensuring easy access for tenants. WalkScore of 90! Fantastic opportunity to break into the landlord game with this income producing gem. The layout of the complex encourages a sense of community, with a central parking lot providing off-street parking for all tenants. Buyers and their agents welcome!

Property Details and Features

Building

Built in 1966

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$23,116

Exterior Features

Exterior Description:

LapSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.48

Gross Income:

$67,322

Gross Rent Multiplier:

12.25

Net Operating Income:

$45,205

Listing

Contract Status Change Date:

2024-06-10

Days On Market:

163

Last Transaction Date:

2024-08-08 09:51:00

List Price:

$825,000

Listing Contract Date:

2024-06-10

Listing Id:

24169894

Mls Status:

Active

Modification Timestamp:

2024-08-08 09:51:00

On Market Date:

2024-06-10

Rent Includes:

MaintenanceGrounds

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

LENTS

County Or Parish:

Multnomah

Lot

Size Acres:

0.24

Size Dimensions:

104x100

Size Range:

SqFt10000to14999

Size Square Feet:

10,454

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,Leases,ProfitLossStatement,RentRecords

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Kellogg

Elementary School:

Marysville

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,260

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,125

Area:

620

Features:

Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,650

Area:

800

Features:

Dishwasher,Range,WasherDryerHookup

Units Total:

1 total bathroom

3 total bedroom

Unit Three

Actual Rent:

$1,370

Area:

730

Features:

Dishwasher,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,350

Area:

730

Features:

Dishwasher,Range,Refrigerator

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

$825,000 -

4714 Se 83rd Ave Portland , OR 97266

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.