MLS# 24498176 – 5435 N Montana Ave, Portland, OR 97217 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Living Room Realty.

Property Description

Description

4 Units

Status: Pending

Year Built: 1944

Neighborhood: Overlook

Days on Website: 77

Classic Craftsman fourplex walking distance to Mississippi Avenue! Each unit lives like a home featuring hard wood floors, and a front and back entry to a shared fenced backyard. Coin operated laundry and storage units located in the basement. With below CM3 zoning, market rents & garage spaces currently unrented, there is plenty of room to grow your cash flow! Great owner occupant 4 plex opportunity with only 5% down on a conventional loan! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10232637]

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

PartialBasement

Building

Building Area Total:

3600

Built in 1944

Storage:

Garage,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense Scheduled:

10529

Operating Expense:

$10,222

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.83

Gross Income:

$47,677

Gross Rent Multiplier:

16.26

Gross Scheduled Income:

$65,700

Net Operating Income:

$37,455

Net Scheduled Income:

55171

Listing

Contract Status Change Date:

2024-10-07

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-08 16:46:50

List Price:

$775,000

Listing Contract Date:

2024-09-05

Listing Id:

24498176

Mls Status:

Pending

Modification Timestamp:

2024-10-08 16:46:50

Off Market Date:

2024-10-07

On Market Date:

2024-09-05

Previous List Price:

$799,000

Purchase Contract Date:

2024-10-07

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_141

Subdivision Name:

Overlook

County Or Parish:

Multnomah

Lot

Size Acres:

0.23

Size Range:

SqFt10000to14999

Size Square Feet:

10,018

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,TaxReturnsAvailable

Energy Saving

Green Certification

Parking

Features:

Driveway

4 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

CM3 - C

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Ockley Green

Elementary School:

Beach

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,220

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,300

Area:

600

Features:

HardwoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,260

Area:

600

Features:

HardwoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,250

Area:

600

Features:

HardwoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,265

Area:

600

Features:

HardwoodFloors

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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$775,000 - Br/0Ba - for Sale in Overlook, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$775,000 -

5435 N Montana Ave Portland , OR 97217

MLS Area Major: _141

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.