MLS# 24354949 – 1039 1041 Ne Grant St, Newport, OR 97365 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott Salem.

Property Description

Description

2 Units

Status: Active

Year Built: 1940

Days on Website: 203

MULTIPLE OPPORTUNITIES in this house remodeled into a duplex. Rent both duplex units for a great income stream. Live on main level and rent out daylight basement full time OR short term w/city permit. Work at home, spacious office set up. Main level - 4 bd, 1.5 bath, 1710 sq ft, all new paint, flooring, kitchen, appliances, bathrooms, decks, all appliances included, incl. W/D. Daylight Basement - 3 bd, 1 bath, 990 sq ft, all new pai

Property Details and Features

Property Access

Road Surface Type:

Dirt

Basement

Basement:

Daylight,Finished

Building

Building Area Total:

2720

Built in 1940

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating Available

Heating:

ForcedAir,Other

Income

CAP Rate:

6.94

Gross Income:

$51,600

Gross Rent Multiplier:

14.42

Net Operating Income:

$51,600

Listing

Contract Status Change Date:

2024-05-02

Days On Market:

202

Last Transaction Date:

2024-11-08 08:40:39

List Price:

$744,000

Listing Contract Date:

2024-05-02

Listing Id:

24354949

Mls Status:

Active

Modification Timestamp:

2024-11-08 08:40:39

On Market Date:

2024-05-02

Previous List Price:

$749,000

Rent Includes:

MaintenanceGrounds

Standard Status:

Active

Location

MLS Area Major:

_200

County Or Parish:

Lincoln

Lot

Features:

Trees

Size Acres:

0.17

Size Range:

SqFt7000to9999

Size Square Feet:

7,405

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,ProfitLossStatement

Parking

Features:

Open

Property

Number Of Units Total:

Property Condition:

Restored

Property View

Zoning:

Roof

Roof:

Shingle

Schools

High School:

Newport

Middle Or Junior School:

Newport

Elementary School:

Yaquina View

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,922

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,500

Area:

1700

Features:

Dishwasher,HardwoodFloors,Refrigerator,WindowCoverings

Units Total:

6 total bathrooms

4 total bedroom

Unit Two

Actual Rent:

$1,800

Area:

1020

Features:

HardwoodFloors,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

3 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity,Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$744,000 -

1039 1041 Ne Grant St Newport , OR 97365

MLS Area Major: _200

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.