MLS# 24299873 – 11125 Sw 61st Ave, Portland, OR 97219 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Aetna Properties, Inc..

Property Description

Description

4 Units

Status: Active

Year Built: 1938

Neighborhood: Pasadena

Days on Website: 72

A rare quadruplex in SW Portland! Conveniently located off Hwy 99 and I-5 on a very private dead end road. Large lot with two single level duplexes and a separate laundry room. All units leased. Each unit has one assigned off-street parking space. Newer roofs and exterior paint. Zoned RM1 with possibility of additional development (buyer to do own due diligence). Solid rent growth potential. An ideal addition to any investment real estate portfolio! **UNIT 11125 is vacant. Great opportunity to owner-occupy!**

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,None

Building

Building Area Total:

2259

Built in 1938

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

AllLandscaping,Laundry

Cooling

Cooling:

None

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

WallHeater,Zoned

Income

Gross Income:

$29,075

Gross Rent Multiplier:

27.52

Gross Scheduled Income:

$38,455

Listing

Contract Status Change Date:

2024-09-10

Days On Market:

Last Transaction Date:

2024-11-16 22:17:03

List Price:

$800,000

Listing Contract Date:

2024-09-10

Listing Id:

24299873

Mls Status:

Active

Modification Timestamp:

2024-11-18 14:14:20

On Market Date:

2024-09-10

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_148

Subdivision Name:

PASADENA

County Or Parish:

Multnomah

Lot

Features:

Level,Trees

Size Acres:

0.27

Size Range:

SqFt10000to14999

Size Square Feet:

11,761

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Incomplete,Leases

Parking

Features:

OffStreet,OnStreet

4 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Ida B Wells

Middle Or Junior School:

Jackson

Elementary School:

Markham

Security Features

Features:

None

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,953

Legal Description

Tax Year:

2024

Unit One

Area:

588

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$800

Area:

495

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,000

Area:

588

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$900

Area:

588

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

None

Hot Water Description:

Electricity

Water Source:

PublicWater

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

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$800,000 -

11125 Sw 61st Ave Portland , OR 97219

MLS Area Major: _148

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.