MLS# 24181090 – 2422 Ne Glisan St, Portland, OR 97232 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Property Description

Description

5 Units

Status: Active

Year Built: 1913

Days on Website: 3

Amazing opportunity to own an updated 4-plex with an additional auxiliary space in the highly desirable Kerns neighborhood! Walk score of 97 and bike score of 100! Each unit has quartz counters, vinyl flooring and features fully updated kitchens with stainless steel appliances, which include dishwasher, and refrigerator. The auxiliary space could be rented out separately; combined with another unit; or serve as a classic pied-à-terre for the new owner.

Property Details and Features

Lot

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Basement

Basement:

Daylight,Finished,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Built in 1913

Storage:

IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Community

Community Features:

AllLandscaping

Cooling

Cooling Equipped

Cooling:

CentralAir,MiniSplit

Expenses

Operating Expense Scheduled:

16620

Operating Expense:

$16,620

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

ForcedAir,MiniSplit

Income

CAP Rate:

4.84

Gross Income:

$91,620

Gross Rent Multiplier:

16.92

Gross Scheduled Income:

$106,020

Net Operating Income:

$75,000

Net Scheduled Income:

89400

Listing

Contract Status Change Date:

2024-12-17

Days On Market:

Last Transaction Date:

2024-12-17 21:13:44

List Price:

$1,550,000

Listing Contract Date:

2024-12-17

Listing Id:

24181090

Mls Status:

Active

Modification Timestamp:

2024-12-17 21:13:44

On Market Date:

2024-12-17

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Miscellaneous

Investor Information:

AnnualPropertyOperationData

Parking

Features:

OnStreet

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Hosford

Elementary School:

Buckman

Security Features

Features:

FireSprinklerSystem

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$11,054

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$2,495

Area:

950

Features:

Dishwasher,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$2,050

Area:

950

Features:

Dishwasher,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,295

Area:

325

Features:

Dishwasher,Refrigerator,WasherDryer

Units Total:

1 total bathroom

Unit Four

Actual Rent:

$1,795

Area:

850

Features:

Dishwasher,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Area:

500

Features:

Dishwasher

Units Total:

1 total bathroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Internet Service Type:

Cable

Water Source:

PublicWater

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2422 Ne Glisan St Portland , OR 97232

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

John Wesley McPherson, Jr., CFA

Location

Street View

Nearby Schools

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