MLS# 24252160 – 3122 N Williams Ave, Portland, OR 97227 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Alternative Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 1907

Neighborhood: Boise Eliot

Days on Website: 115

Fantastic owner occupied/development/ investment/urban farm opportunity on the Williams Corridor. Sale includes two parcels. R308691 (.09 acres) is a ground level store front/retail spaced currently leased as a bar; the upper residential duplex has two spacious (over 1000 sq ft). Unit A rents is on a month:month and unit B is on a lease through 9/25. Tenants pay all utilities. Possible 3rd bedroom in unit B, currently used as a large laundry room. Adjacent R308690 (.07 acres) is an undeveloped corner lot with an agricultural tax exemption based on current use as Fargo Forest, an urban farm and education space. Development package and floor plans available. Do not disturb tenants or walk on the property. Showings contingent on accepted offer. Contact agent with questions. Commercial CM2 zoning- cross listed as MLS# 2419822.

Property Details and Features

Property Access

Road Surface Type:

Gravel

Basement

Basement:

Other

Building

Building Area Total:

3949

Built in 1907

Storage:

Deck

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

None

Expenses

Operating Expense:

$10,019

Exterior Features

Exterior Description:

WoodSiding

Heating

Heating:

WallHeater

Income

CAP Rate:

5.91

Gross Income:

$86,784

Gross Rent Multiplier:

14.98

Net Operating Income:

$76,765

Listing

Contract Status Change Date:

2024-01-25

Days On Market:

300

Last Transaction Date:

2024-11-07 14:10:20

List Price:

$1,300,000

Listing Contract Date:

2024-01-25

Listing Id:

24252160

Mls Status:

Active

Modification Timestamp:

2024-11-07 14:10:20

On Market Date:

2024-01-25

Previous List Price:

$1,300

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

BOISE ELIOT

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Orchard

Size Acres:

0.16

Size Dimensions:

41X100 + 51X50

Size Range:

SqFt5000to6999

Size Square Feet:

6,969

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet

1 total parking spot

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Unknown

Zoning:

CM2

Roof

Roof:

Composition,Rubber

Schools

High School:

Jefferson

Middle Or Junior School:

Harriet Tubman

Elementary School:

Boise-Eliot

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,337

Legal Description

Tax Deferral

Tax Year:

2023

Unit One

Actual Rent:

$1,885

Area:

1152

Features:

Range,Refrigerator,WasherDryerHookup,WoodFloors

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,875

Area:

1077

Features:

HardwoodFloors,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$3,472

Area:

1964

Units Total:

1 total bathroom

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

$1,300,000 -

3122 N Williams Ave Portland , OR 97227

MLS Area Major: _141

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.