MLS# 24332613 – 7537 N Richmond Ave, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Premiere Property Group, LLC.

Property Description

Description

2 Units

Status: Pending

Year Built: 1927

Neighborhood: St Johns / Cathedral Park

Days on Website: 111

Location, location, location: Walkscore-95, Bike Score-93! Experience classic charm and modern comfort in this beautiful Craftsman home in Portland's desirable St. Johns neighborhood. Meticulous remodeling maintains its historical character while providing modern amenities. With new wiring, plumbing, and a gas furnace, it combines historic elegance with peace of mind. The flexible layout accommodates a 4-bed, 2.5-bath primary unit and a 2-bed, 1-bath ADU with a separate entrance. In the main home, there are 2 bedrooms located on the 1st floor with a full bathroom and 2 more 2 bedrooms upstairs with a full bath. Walkscore of 95 with easy access to St. Johns' dining, shopping, and Cathedral Park. As a bonus, this home has a unique historical connection, as it was originally built by Nancy Caples, one of the St. John's pioneers. This piece of history adds an extra layer of character to the property. Don't miss this exceptional opportunity to own a piece of Portland's history. Walkscore-95, Bike Score-93. Commercial zoning, or mixed use type situation. Great live/work opportunity.

Property Details and Features

Parking

Features:

None

Basement

Basement:

ExteriorEntry,Finished,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

3280

Built in 1927

Storage:

Attic,Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense Scheduled:

8137

Operating Expense:

$8,137

Exterior Features

Exterior Description:

Cedar,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

7.13

Gross Income:

$55,140

Gross Rent Multiplier:

11.95

Gross Scheduled Income:

$59,940

Net Operating Income:

$47,003

Net Scheduled Income:

53140

Listing

Contract Status Change Date:

2024-11-20

Cumulative Days On Market:

383

Days On Market:

109

Last Transaction Date:

2024-11-21 15:02:12

List Price:

$659,000

Listing Contract Date:

2024-08-03

Listing Id:

24332613

Mls Status:

Pending

Modification Timestamp:

2024-11-21 15:02:12

Off Market Date:

2024-11-20

On Market Date:

2024-08-03

Previous List Price:

$659,000

Purchase Contract Date:

2024-11-20

Rent Includes:

TrashCollection

Standard Status:

Pending

Location

MLS Area Major:

_141

Subdivision Name:

ST JOHNS / CATHEDRAL PARK

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.09

Size Range:

SqFt3000to4999

Size Square Feet:

3,920

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Incomplete

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

CM2

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

George

Elementary School:

James John

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,590

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,800

Area:

2000

Features:

AirConditioning,Fireplace,HardwoodFloors,WasherDryerHookup

Units Total:

2 total bathrooms

4 total bedroom

Unit Two

Actual Rent:

$1,795

Area:

1280

Features:

Dishwasher,Refrigerator,Storage,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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$659,000 - Br/0Ba - for Sale in St Johns / Cathedral Park, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$659,000 -

7537 N Richmond Ave Portland , OR 97203

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.