MLS# 24407024 – 1024 Se Sherman St, Portland, OR 97214 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Better Homes & Gardens Realty.

Property Description

Description

2 Units

Status: Active

Year Built: 1903

Neighborhood: Hosford Abernethy

Days on Website: 78

Open House Sunday Nov 24th 11-1. Endless opportunities with this duplex in the heart of the Hosford-Abernethy neighborhood and OMSI District! Nestled in at SE 10th & Sherman, this home is zoned EX, allowing for both commercial and residential use. The upper unit is 999 sqft and features two bedrooms, a full bathroom, large living and dining areas and a laundry room. The lower unit is 919 sqft with a large family room, a bedroom and one bathroom with laundry hookup. Fabulous central location with a walking score of 95 and a perfect 100 biking score! Enjoy the convenience to shopping, public transportation and tons of restaurants right outside your door! Previous tenant rented out the lower unit as an Airbnb, endless opportunities with this one.

Property Details and Features

Property Access

Road Surface Type:

Concrete,Paved

Basement

Basement:

Finished

Building

Building Area Total:

1918

Built in 1903

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$9,270

Exterior Features

Exterior Description:

Cedar

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

Baseboard,GasStove,WallHeater

Income

CAP Rate:

7.27

Gross Income:

$27,810

Gross Rent Multiplier:

18.34

Net Operating Income:

$37,080

Listing

Contract Status Change Date:

2024-09-06

Days On Market:

Last Transaction Date:

2024-11-21 10:19:36

List Price:

$509,900

Listing Contract Date:

2024-09-06

Listing Id:

24407024

Mls Status:

Active

Modification Timestamp:

2024-11-21 10:20:02

On Market Date:

2024-09-06

Previous List Price:

$524,900

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

HOSFORD ABERNETHY

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.05

Size Range:

SqFt0Kto2999

Size Square Feet:

2,178

Size:

0K to 2,999 SqFt

Parking

Features:

Driveway,OnStreet

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Hosford

Elementary School:

Abernethy

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,799

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,695

Area:

999

Features:

Deck,HardwoodFloors,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,395

Area:

919

Features:

Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,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

$509,900 -

1024 Se Sherman St Portland , OR 97214

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 10:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.