MLS# 24514729 – 107 S Arthur St, Portland, OR 97201 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Paris Group Realty LLC.

Property Description

Description

3 Units

Status: Pending

Year Built: 1890

Days on Website: 195

Just a short jaunt to SW Waterfront, this home has easy access to parks, the waterfront for walking and biking, restaurants, coffee shops and OHSU. This property has three nicely appointed units, and all units are currently rented at market rents. Hardwood floors and big picture windows bathe the main and upper units in tons of natural light. Decks give each unit access to an outdoor hang-out space. The financials work well for a solid investment property. You could also move in and occupy one of the units as your home. See this property today! It's a rare blend of vintage charm and updated systems in a great location.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

SeparateLivingQuartersApartmentAuxLivingUnit

Building

Built in 1890

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense:

$15,789

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating:

WallHeater

Income

CAP Rate:

5.4

Gross Income:

$53,520

Gross Rent Multiplier:

13.06

Net Operating Income:

$37,731

Listing

Contract Status Change Date:

2024-11-13

Cumulative Days On Market:

188

Days On Market:

188

Last Transaction Date:

2024-11-14 12:28:42

List Price:

$699,000

Listing Contract Date:

2024-05-09

Listing Id:

24514729

Mls Status:

Pending

Modification Timestamp:

2024-11-14 12:31:09

Off Market Date:

2024-11-13

On Market Date:

2024-05-09

Purchase Contract Date:

2024-11-13

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_148

County Or Parish:

Multnomah

Lot

Size Acres:

0.04

Size Range:

SqFt0Kto2999

Size Square Feet:

1,742

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OnStreet

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

CM2

Roof

Roof:

Composition

Schools

High School:

Lincoln

Middle Or Junior School:

West Sylvan

Elementary School:

Ainsworth

Security Features

Features:

Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,027

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,225

Area:

800

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

Unit Two

Actual Rent:

$1,925

Area:

1200

Features:

Deck,Dishwasher,Range,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,620

Area:

750

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$699,000 -

107 S Arthur St Portland , OR 97201

MLS Area Major: _148

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.