MLS# 24178076 – 5108 Ne Glisan St, Portland, OR 97213 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Windermere Realty Trust.

Property Description

Description

2 Units

Status: Active

Year Built: 1884

Days on Website: 8

Amazing cashflow property. One of the best values in Portland urban core! This impeccably preserved 1884 duplex is a unique opportunity. The property lives like a home with an ADU in the basement. Professionally managed for a hassle-free experience, the duplex is strategically located across from Providence Hospital, Oregon's largest employer. Situated in a vibrant neighborhood with renowned restaurants, coffee shops, and excellent amenities, this property ensures both comfort and convenience. Key features include on-site laundry potential, off-street parking, and RM2 zoning for potential expansion. With a remarkable Cap Rate exceeding 7%, this property is not only a charming residence but also a smart investment. Don't miss the chance to own a piece of Portland's history with this versatile and lucrative property.

Property Details and Features

Unit One

Area:

1738

Actual Rent:

$2,400

Features:

Range,WoodFloors

Units Total:

2 total bathrooms

2 total bedroom

Property Access

Road Surface Type:

Concrete

Basement

Basement:

FullBasement

Building

Built in 1884

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$9,600

Exterior Features

Exterior Description:

ShingleSiding

Foundation

Foundation Details:

Block,ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

7.17

Gross Income:

$50,400

Gross Rent Multiplier:

11.29

Gross Scheduled Income:

$50,400

Net Operating Income:

$40,800

Net Scheduled Income:

40800

Listing

Contract Status Change Date:

2024-11-14

Days On Market:

Last Transaction Date:

2024-11-19 09:55:30

List Price:

$569,000

Listing Contract Date:

2024-11-14

Listing Id:

24178076

Mls Status:

Active

Modification Timestamp:

2024-11-23 01:40:46

On Market Date:

2024-11-14

Rent Includes:

Gas,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Lot

Size Range:

SqFt3000to4999

Size:

3,000 to 4,999 SqFt

Parking

Features:

Assigned

1 total parking spot

Property

Number Of Units Total:

Zoning:

RM2

Schools

High School:

Grant

Middle Or Junior School:

Laurelhurst

Elementary School:

Laurelhurst

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,188

Legal Description

Unit Two

Actual Rent:

$1,600

Area:

720

Units Total:

1 total bathroom

Utilities

Fuel Description:

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

$569,000 -

5108 Ne Glisan St Portland , OR 97213

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 10:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.