MLS# 24363450 – 6739 6741 E Burnside St, Portland, OR 97215 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Delavan Realty Inc.

Property Description

Description

3 Units

Status: Active

Year Built: 1952

Neighborhood: Mount Tabor

Days on Website: 144

DO NOT DISTURB TENANTS. Back on market due to no fault of the seller. Investment opportunity! Don't miss your chance to own this well-maintained triplex in the heart of North Tabor. Minutes from Montavilla, SE Burnside, Stark, Hawthorne, and Division. Easy public transit access and close to I-84. Brand new roof and gutters, multiple windows have been replaced, new sewer line, 3 car garage--one for each tenant, shared backyard space, ample street parking. All units are occupied by long-standing tenants, no rent increases have been done this year.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement

Building

Building Area Total:

3824

Built in 1952

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$14,921

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

MiniSplit,WallHeater

Income

CAP Rate:

4.76

Gross Income:

$51,840

Gross Rent Multiplier:

14.95

Net Operating Income:

$36,919

Listing

Contract Status Change Date:

2024-06-26

Days On Market:

148

Last Transaction Date:

2024-10-03 12:56:00

List Price:

$774,900

Listing Contract Date:

2024-06-26

Listing Id:

24363450

Mls Status:

Active

Modification Timestamp:

2024-10-03 12:56:00

On Market Date:

2024-06-26

Previous List Price:

$799,900

Rent Includes:

TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

Mount Tabor

County Or Parish:

Multnomah

Lot

Features:

CornerLot

Size Acres:

0.18

Size Range:

SqFt7000to9999

Size Square Feet:

7,840

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,RentRecords

Parking

Features:

Driveway,Garage

3 total parking spots

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Harrison Park

Elementary School:

Vestal

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,486

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,450

Area:

1545

Features:

AirConditioning,Fireplace,HardwoodFloors,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,695

Area:

1193

Features:

AirConditioning,Fireplace,HardwoodFloors,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,175

Area:

1086

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$774,900 -

6739 6741 E Burnside St Portland , OR 97215

MLS Area Major: _142

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.