MLS# 24221083 – 10801 Ne Fremont St, Portland, OR 97220 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

6 Units

Status: Active

Year Built: 2004

Neighborhood: Parkrose Heights

Days on Website: 2

2 Triplexes, 6 Units total in private road off NE Fremont. Investment Opportunity. Owner is a non-profit affordable housing Developer. Units need to remain affordable until 2063. Tenants need to be within 50% MFI and current rents can't exceed $1,534 for the 3 bedroom units and $1,711 for the 4 bedrooms. Rent includes Electricity, water, gas, sewer, garbage.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Built in 2004

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Expenses

Operating Expense:

$32,756

Exterior Features

Exterior Description:

Other

Water Features

Waterfront Features:

Other

Waterfront Property

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.96

Gross Income:

$65,513

Gross Rent Multiplier:

8.4

Net Operating Income:

$32,756

Listing

Contract Status Change Date:

2024-11-21

Days On Market:

Last Transaction Date:

2024-11-22 08:06:11

List Price:

$550,000

Listing Contract Date:

2024-11-21

Listing Id:

24221083

Mls Status:

Active

Modification Timestamp:

2024-11-22 08:06:11

On Market Date:

2024-11-21

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

PARKROSE HEIGHTS

County Or Parish:

Multnomah

Lot

Features:

Cul_de_sac,Private

Size Acres:

0.48

Size Range:

SqFt20000toAcres1

Size Square Feet:

20,908

Size:

20,000 SqFt to .99 Acres

Property

Number Of Units Total:

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Parkrose

Middle Or Junior School:

Parkrose

Elementary School:

Prescott

Sewer

Sewer:

PublicSewer

Taxes

Legal Description

Unit One

Actual Rent:

$1,354

Area:

1140

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

4 total bedroom

Unit Two

Actual Rent:

$1,329

Area:

1070

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Three

Actual Rent:

$1,132

Area:

1070

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Four

Area:

1140

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

4 total bedroom

Unit Five

Actual Rent:

$1,283

Area:

1070

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Six

Actual Rent:

$968

Area:

1070

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 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

$550,000 -

10801 Ne Fremont St Portland , OR 97220

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.