MLS# 24510644 – 9907 N Lombard St, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Sunset Corridor.

Property Description

Description

2 Units

Status: Active

Year Built: 1943

Neighborhood: St Johns

Days on Website: 8

Located in Portland’s vibrant St. Johns neighborhood, this well-maintained duplex is an ideal choice for both investors and owner-occupants. The property includes two spacious 2-bedroom, 1-bath units, each approximately 860 square feet, with recent updates such as a new roof (2017), updated siding, a sewer line replacement, and a new fence. These upgrades combine vintage appeal with modern reliability, ensuring a low-maintenance investment.Each unit offers hardwood floors, in-unit laundry, built-in dishwashers, and tenant conveniences. A detached garage and two off-street parking spots provide ample parking and storage. Situated on a corner lot, this duplex offers a prime opportunity for those seeking a well-positioned, versatile property in one of Portland’s most desirable neighborhoods.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1720

Built in 1943

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense Scheduled:

7380

Operating Expense:

$5,220

Exterior Features

Exterior Description:

WoodSiding

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

6.15

Gross Income:

$43,632

Gross Rent Multiplier:

14.32

Gross Scheduled Income:

$49,200

Net Operating Income:

$38,412

Net Scheduled Income:

41820

Listing

Contract Status Change Date:

2024-11-12

Days On Market:

Last Transaction Date:

2024-11-13 13:14:03

List Price:

$625,000

Listing Contract Date:

2024-11-12

Listing Id:

24510644

Mls Status:

Active

Modification Timestamp:

2024-11-22 06:27:47

On Market Date:

2024-11-12

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

St Johns

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

0.17

Size Range:

SqFt7000to9999

Size Square Feet:

7,405

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

George

Elementary School:

Sitton

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,960

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,836

Area:

860

Features:

Dishwasher,HardwoodFloors,Range,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,800

Area:

860

Features:

Dishwasher,HardwoodFloors,Range,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$625,000 -

9907 N Lombard St Portland , OR 97203

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.