MLS# 24229941 – 5816 Se Foster Rd, Portland, OR 97206 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Ianos Realty.

Property Description

Description

2 Units

Status: Active

Year Built: 1904

Days on Website: 184

Great investment opportunity on this fully leased building in a CE zoned area. The second level boasts a spacious apartment perfect for a potential live-work situation. This great location has a lot of redevelopment potential as well given the flexible and high density CE zoning. Potential to build up to 45 feet tall (buyer to do due diligence).

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

3002

Built in 1904

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense:

$12,000

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

ForcedAir90

Income

CAP Rate:

4.97

Gross Income:

$48,000

Gross Rent Multiplier:

15.1

Net Operating Income:

$36,000

Listing

Contract Status Change Date:

2024-05-21

Days On Market:

183

Last Transaction Date:

2024-05-28 15:03:47

List Price:

$725,000

Listing Contract Date:

2024-05-21

Listing Id:

24229941

Mls Status:

Active

Modification Timestamp:

2024-08-04 12:45:01

On Market Date:

2024-05-21

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet

4 total parking spots

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

Roof

Roof:

Flat

Schools

High School:

Franklin

Middle Or Junior School:

Kellogg

Elementary School:

Creston

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,828

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,500

Area:

800

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$2,500

Area:

2202

Units Total:

1 total bathroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$725,000 -

5816 Se Foster Rd Portland , OR 97206

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.