MLS# 24284125 – 201 N Bryant St, Portland, OR 97217 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Sunset Corridor.

Property Description

Description

4 Units

Status: Active

Year Built: 1952

Neighborhood: Piedmont

Days on Website: 48

This property is perfect for investors or homeowners looking to live in one unit and rent out the other three. Generate steady rental income while enjoying the benefits of this location. This 4 plex features 6 bedrooms and 4 bathrooms, 3 units have wood floors throughout and 1 unit has carpet. Units come fully equipped with a range and refrigerator. Unit 1 comes with dishwasher and convenient washer and dryer hookups. The partial basement has coin operated washer and dryer and provides extra storage. Nestled in the Piedmont neighborhood, you're just 5 miles from the downtown Portland area and have easy access to the bus line and Max light rail. With dining, shopping and two fantastic parks offering multiple recreational activities within walking distance, you will not want to miss this opportunity !

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,PartialBasement,StorageSpace

Building

Building Area Total:

3574

Built in 1952

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$19,036

Exterior Features

Exterior Description:

WoodSiding

Heating

Heating:

WallHeater

Income

CAP Rate:

4.12

Gross Income:

$55,115

Gross Rent Multiplier:

15.88

Net Operating Income:

$36,079

Listing

Contract Status Change Date:

2024-10-05

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-11-22 10:53:42

List Price:

$875,000

Listing Contract Date:

2024-10-05

Listing Id:

24284125

Mls Status:

Active

Modification Timestamp:

2024-11-22 10:53:42

Off Market Date:

2024-11-15

On Market Date:

2024-10-05

Purchase Contract Date:

2024-11-15

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

PIEDMONT

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level,LightRail,OnBusline,PublicRoad

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

Leases,RentRecords

Parking

Features:

OnStreet

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

Ockley Green

Elementary School:

Woodlawn

Security Features

Features:

Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,189

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,295

Area:

800

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,195

Area:

800

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$895

Area:

462

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,095

Area:

462

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$875,000 -

201 N Bryant St Portland , OR 97217

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.