MLS# 24293253 – 2705 Se Ash St, Portland, OR 97214 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Cascade Hasson Sotheby's International Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 2013

Days on Website: 78

Nestled in the heart of SE Portland, this three-story live-work unit offers remarkable living potential along with income-generating opportunities. Constructed in 2013, the building is equipped with modern amenities suitable for a variety of business uses, whether as office space, retail store, or service-based enterprises. Each commercial unit spans 2,400 square feet, featuring large windows that flood the space with natural light. The units share a mirrored floor plan, each with a kitchen that includes a dishwasher, microwave, and range, as well as mini-splits and two bathrooms. Two floors in each unit provide ample space for offices, while the open floor entry is perfect for welcoming customers or clients. The units currently rent for $3,193 and $3,375. Above these commercial spaces lies a stunning residence with striking architecture and high ceilings. Situated on the third floor, this unit offers privacy and city views. The open-concept living and dining area features a fireplace and floor-to-ceiling windows, seamlessly integrating with the space. The residence includes two bedrooms and two bathrooms, providing a relaxing living environment. The kitchen is outfitted with modern amenities, including a range, dishwasher, refrigerator, and a large window above the sink. A large covered balcony, accessed by beautiful sliding glass doors, offers extra outdoor dining and entertainment space. The unit also offers rooftop access to a green roof with breathtaking views. This residence, while an exceptional place to live, also serves as an income generator through Airbnb or short-term rentals, currently earning between $2,800 and $3,000 per month from part-time rentals.

Property Details and Features

Property Access

Road Surface Type:

Concrete,Paved

Basement

Basement:

None

Building

Building Area Total:

3984

Built in 2013

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$27,792

Exterior Features

Exterior Description:

Block,Cedar

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.7

Gross Income:

$112,416

Gross Rent Multiplier:

16.01

Net Operating Income:

$84,624

Listing

Contract Status Change Date:

2024-08-21

Days On Market:

Last Transaction Date:

2024-10-08 12:52:01

List Price:

$1,800,000

Listing Contract Date:

2024-08-21

Listing Id:

24293253

Mls Status:

Active

Modification Timestamp:

2024-10-08 12:52:01

On Market Date:

2024-08-21

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Range:

SqFt0Kto2999

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OnStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property View

Zoning:

Roof

Roof:

GreenRoof

Schools

High School:

Franklin

Middle Or Junior School:

Sunnyside Env

Elementary School:

Sunnyside Env

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$14,012

Legal Description

Unit One

Actual Rent:

$3,193

Area:

1200

Features:

AirConditioning,Disposal,HardwoodFloors,WasherDryer

Units Total:

6 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$3,375

Area:

1200

Features:

AirConditioning,Disposal,HardwoodFloors,WasherDryerHookup

Units Total:

6 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$2,800

Area:

1584

Features:

Deck,Fireplace,HardwoodFloors,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

[+] Read More

$1,800,000 - Br/0Ba - for Sale in Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,800,000 -

2705 Se Ash St Portland , OR 97214

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.