MLS# 24199512 – 438 Ne 26th Ave, Portland, OR 97232 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Think Real Estate.

Property Description

Description

2 Units

Status: Pending

Year Built: 1924

Neighborhood: Kerns

Days on Website: 34

There might be nicer duplexes out there, but we sure haven’t seen them. Located in Kerns, the 5th coolest neighborhood in the WORLD, this 1920s extravaganza of charm is perfect for an owner-occupied duplex or an investor looking for a special property. Meticulously maintained and updated, both sides have original hardwood floors, fireplaces flanked by bungalow-required built-ins, box beam ceilings, period appropriate casework and lighting, updated bathrooms and kitchens, skylights to capture all the sun, newer furnaces and AC and tuck under garages (though really you can walk to anything your heart desires). Particular delights per unit: the vacant unit, 438, has elaborate box beam ceilings in the main living area and main floor bedroom, a large west facing window in the living area to capture precious light, a sweet outdoor space with a patio for outdoor dining, a Viking range and a large arch connecting the kitchen to the living room. Unit 430 has amazing south and west exposure, a 2024 kitchen remodel and a large and lovely yard with multiple sitting areas. If you’ve been considering an owner occupied duplex and have been discouraged by the lack of charm and updates, come fall in love with this 1920s duplex that feels like a home. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10233791]

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Finished,PartialBasement

Building

Building Area Total:

2352

Built in 1924

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense:

$13,694

Exterior Features

Exterior Description:

Stucco

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir95Plus

Income

CAP Rate:

4.48

Gross Income:

$49,985

Gross Rent Multiplier:

16.5

Net Operating Income:

$36,917

Listing

Contract Status Change Date:

2024-10-21

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-22 10:42:55

List Price:

$824,900

Listing Contract Date:

2024-10-18

Listing Id:

24199512

Mls Status:

Pending

Modification Timestamp:

2024-10-22 10:42:55

Off Market Date:

2024-10-21

On Market Date:

2024-10-18

Purchase Contract Date:

2024-10-21

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_142

Subdivision Name:

KERNS

County Or Parish:

Multnomah

Lot

Features:

CornerLot

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,TaxReturnsAvailable

Energy Saving

Energy Efficiency Features:

DoublePaneWindows,ForcedAir95Plus

Green Certification

Parking

Features:

Garage,GarageDoorOpener

2 total parking spots

Possession

Possession:

CloseOfEscrow

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

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,943

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,900

Area:

1176

Features:

AirConditioning,Dishwasher,Fireplace,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$2,700

Area:

1176

Features:

AirConditioning,Dishwasher,Fireplace,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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$824,900 - Br/0Ba - for Sale in Kerns, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$824,900 -

438 Ne 26th Ave Portland , OR 97232

MLS Area Major: _142

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.