MLS# 24521965 – 8218 Se Washington St, Portland, OR 97216 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RealtyNET, LLC.

Property Description

Description

3 Units

Status: Active

Year Built: 1997

Days on Website: 8

Introducing 8218 SE Washington Street, a triplex located in the sought-after Montavilla neighborhood of Portland, OR. Built in 1997, this three-unit property consists of one 3-bedroom unit and two 2-bedroom units, each featuring two baths and a private attached garage. With rents currently below market, there is significant potential for increased revenue, making this an excellent investment opportunity.

Property Details and Features

Building

Built in 1997

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Property Access

Road Surface Type:

Paved

Cooling

Cooling Equipped

Cooling:

CentralAir

Exterior Features

Exterior Description:

LapSiding

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.72

Gross Income:

$53,860

Gross Rent Multiplier:

13.55

Net Operating Income:

$34,478

Listing

Contract Status Change Date:

2024-11-14

Days On Market:

Last Transaction Date:

2024-11-15 10:58:36

List Price:

$729,888

Listing Contract Date:

2024-11-14

Listing Id:

24521965

Mls Status:

Active

Modification Timestamp:

2024-11-15 10:58:36

On Market Date:

2024-11-14

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_143

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:

Detached,Garage

4 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Harrison Park

Elementary School:

Harrison Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$11,177

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,575

Area:

864

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,770

Area:

996

Units Total:

2 total bathrooms

3 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

$729,888 -

8218 Se Washington St Portland , OR 97216

MLS Area Major: _143

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.