MLS# 24503544 – 4641 Ne 98th Ave, Portland, OR 97220 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RealtyNET, LLC.

Property Description

Description

2 Units

Status: Pending

Year Built: 2006

Days on Website: 166

Duplex consisting of (2) large, 3 bed / 2.5 bath units. Below market rents with upside potential to bring utility reimbursements up to market rate as well. The property has been professionally managed and ideal for an investor or owner-user looking to take advantage of a 2006 construction duplex. Ideal location just blocks from I-205 in the Parkrose neighborhood. Do not disturb tenants. Sellers in a 1031 exchange.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

2600

Built in 2006

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Exterior Features

Exterior Description:

Other

Heating

Heating Available

Heating:

ForcedAir

Income

Gross Income:

$47,314

Gross Rent Multiplier:

11.62

Gross Scheduled Income:

$49,208

Listing

Contract Status Change Date:

2024-07-19

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-07-19 16:12:40

List Price:

$550,000

Listing Contract Date:

2024-06-10

Listing Id:

24503544

Mls Status:

Pending

Modification Timestamp:

2024-08-03 12:00:01

Off Market Date:

2024-07-19

On Market Date:

2024-06-10

Previous List Price:

$580,000

Purchase Contract Date:

2024-07-19

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Lot

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Parking

Features:

Attached

2 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R2H

Roof

Roof:

Composition

Schools

High School:

Parkrose

Middle Or Junior School:

Parkrose

Elementary School:

Prescott

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,929

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,828

Area:

1400

Units Total:

3 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,725

Area:

1400

Units Total:

3 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$550,000 -

4641 Ne 98th Ave Portland , OR 97220

MLS Area Major: _142

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.