MLS# 24440969 – 5950 Se 141st Ave, Portland, OR 97236 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of MORE Realty.

Property Description

Description

3 Units

Status: Pending

Year Built: 1981

Days on Website: 38

Fantastic opportunity to own 1.07 acres in the city with R5 zoning. Two separate living spaces with their own entrances - both currently leased through 2/28/25; plus an RV pad which is leased - total monthly gross income $4,374. Each level of main house has its own kitchen, laundry, full bathroom and living area. Garage features a 117sf 6th bedroom/studio/bonus room with a full bathroom. Plenty of off street parking and two parking pads, one covered, perfect for RVs, boats or your outdoor toys. Quiet area, steps from Springwater Trail. Perfect for multi-generational living or live on one level and lease the other space for added income. Development potential for a possible 7 lot subdivision - buyer to verify all information. Early assistance documentation and 7 lot layout available. Photos 2-11 from 2022. Also listed as lots/land RMLS #24161042 & Res RMLS #24494479.

Property Details and Features

Basement

Basement:

Daylight,ExteriorEntry,Finished

Building

Building Area Total:

3264

Built in 1981

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense:

$15,746

Exterior Features

Exterior Description:

WoodSiding

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

6.12

Gross Income:

$52,488

Gross Rent Multiplier:

11.43

Net Operating Income:

$36,742

Listing

Contract Status Change Date:

2024-10-18

Cumulative Days On Market:

141

Days On Market:

141

Last Transaction Date:

2024-10-18 17:17:26

List Price:

$599,900

Listing Contract Date:

2024-05-30

Listing Id:

24440969

Mls Status:

Pending

Modification Timestamp:

2024-10-18 17:23:12

Off Market Date:

2024-10-18

On Market Date:

2024-05-30

Previous List Price:

$649,900

Purchase Contract Date:

2024-10-18

Rent Includes:

Electricity,Gas,Heat,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

1.07

Size Range:

Acres1to3

Size Square Feet:

46,609

Size:

1 to 2.99 Acres

Miscellaneous

Investor Information:

Leases,RentRecords

Parking

Features:

Garage,RVAccessParking

6 total parking spots

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

David Douglas

Middle Or Junior School:

Alice Ott

Elementary School:

Gilbert Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,322

Legal Description

Unit One

Actual Rent:

$1,890

Area:

1680

Features:

Range,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,759

Area:

1944

Features:

Range,Refrigerator

Units Total:

1 total bathroom

3 total bedroom

Unit Three

Actual Rent:

$725

Area:

800

Units Total:

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity,Gas

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$599,900 -

5950 Se 141st Ave Portland , OR 97236

MLS Area Major: _143

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.