MLS# 24336256 – 4617 N Willamette Blvd N, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1944

Neighborhood: University Park

Days on Website: 74

Charming Duplex in University Park, PortlandLocated in the desirable University Park neighborhood, this unique property offers a blend of classic charm and modern convenience, perfect for a variety of living arrangements. The main unit is a spacious 2-bedroom, 1-bathroom home, encompassing 1,673 sq/ft, including a full basement. The living space features beautiful hardwood floors, creating a warm and inviting atmosphere, while the large backyard offers ample room for outdoor activities and includes an enclosed garden/sun room, ideal for enjoying Portland’s seasons year-round.The upper unit is a 760 sq/ft studio apartment, fully remodeled with Luxury Vinyl Plank flooring, providing a contemporary touch. This space is perfect for rental income, guest accommodation, or a private retreat for extended family members.Additional features of this property include a single-car garage with a driveway that comfortably accommodates two more vehicles, ensuring plenty of parking. The property is being sold AS-IS, offering an excellent opportunity for those looking to invest in a property with great potential.Located less than a mile from the University of Portland, this home is perfectly situated for those seeking proximity to the university, local shops, parks, and public transportation. Whether you’re looking for a solid investment property or a versatile living space with rental potential, this duplex in University Park is a must-see!

Property Details and Features

Property

Zoning:

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement,PartiallyFinished

Building

Building Area Total:

1673

Built in 1944

Storage:

Basement,Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense:

$12,000

Exterior Features

Exterior Description:

T111Siding

Foundation

Foundation Details:

Slab

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard,ForcedAir

Income

CAP Rate:

4.38

Gross Income:

$37,200

Gross Rent Multiplier:

15.46

Net Operating Income:

$25,200

Listing

Contract Status Change Date:

2024-09-10

Days On Market:

Last Transaction Date:

2024-09-11 17:46:45

List Price:

$575,000

Listing Contract Date:

2024-09-10

Listing Id:

24336256

Mls Status:

Active

Modification Timestamp:

2024-11-23 01:40:46

On Market Date:

2024-09-10

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

UNIVERSITY PARK

County Or Parish:

Multnomah

Lot

Features:

OnBusline,PublicRoad

Size Acres:

0.13

Size Range:

SqFt5000to6999

Size Square Feet:

5,662

Size:

5,000 to 6,999 SqFt

Parking

Features:

Driveway,Garage

3 total parking spots

Possession

Possession:

CloseOfEscrow

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

Astor

Elementary School:

Astor

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,641

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,850

Area:

1673

Features:

Fireplace,HardwoodFloors,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,250

Area:

760

Features:

Deck,Range,Unfurnished

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Internet Service Type:

Cable,FiberOptics

Water Source:

PublicWater

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$575,000 - Br/0Ba - for Sale in University Park, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$575,000 -

4617 N Willamette Blvd N Portland , OR 97203

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.