MLS# 24398238 – 3207 Ne Alberta St, Portland, OR 97211 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Think Real Estate.

Property Description

Description

2 Units

Status: Active

Year Built: 1951

Neighborhood: Alberta Arts

Days on Website: 61

Your wait is over! This fab mid-century side by side duplex on oversized corner lot has it all! At the doorstep of Alberta Arts & Concordia/Killingsworth find this well maintained property with hardwood floors and thoughtful updates to kitchen and baths. Solid investment or owner occupied possibilities with gross rents above $4k per month. Oversized lot with RM2 zoning. Convert 400 sq foot detached garage to additional unit? Buyer to do due diligence with City of Portland. Served by frequent service bustling & close to bike routes, shops, restaurants & iconic Alberta Rose theatre.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement,PartiallyFinished

Building

Building Area Total:

2484

Built in 1951

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense:

$10,665

Exterior Features

Exterior Description:

Brick,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir90

Income

CAP Rate:

5.57

Gross Income:

$52,440

Gross Rent Multiplier:

14.3

Net Operating Income:

$41,775

Listing

Contract Status Change Date:

2024-09-21

Days On Market:

Last Transaction Date:

2024-09-25 19:10:00

List Price:

$750,000

Listing Contract Date:

2024-09-21

Listing Id:

24398238

Mls Status:

Active

Modification Timestamp:

2024-09-25 19:10:00

On Market Date:

2024-09-21

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

Alberta Arts

County Or Parish:

Multnomah

Lot

Features:

CornerLot,OnBusline

Size Acres:

0.14

Size Range:

SqFt5000to6999

Size Square Feet:

6,098

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Garage,OffStreet

2 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Vernon

Elementary School:

Vernon

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,964

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,495

Area:

1258

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,875

Area:

958

Features:

HardwoodFloors,Range,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$750,000 -

3207 Ne Alberta St Portland , OR 97211

MLS Area Major: _142

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.