MLS# 24523995 – 4417 N Gantenbein Ave, Portland, OR 97217 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Equity Group.

Property Description

Description

3 Units

Status: Active

Year Built: 1907

Neighborhood: Williams / Mississippi

Days on Website: 181

Classic Portland architecture completely remodeled in 2017. Main house (4bd,2ba) has FP, bay window, dining area open to the kitchen and is completely furnish. Basement: mother-in-law suite kitchen, living room 2bd 1ba w outside entrance Separate 2 story ADU, kitchen LR and half bath on main and 2bd 1ba on second. Excellent opportunity for owner occupant. Blocks from the infamous Mississippi area, Williams St and Vancouver St, shops, restaurants, day and night life. So many things to experience.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

3757

Built in 1907

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

Other

Expenses

Operating Expense Scheduled:

36500

Operating Expense:

$40,369

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir,ForcedAir95Plus

Income

CAP Rate:

3.59

Gross Income:

$79,835

Gross Rent Multiplier:

13.78

Gross Scheduled Income:

$85,740

Net Operating Income:

$39,466

Net Scheduled Income:

49240

Listing

Contract Status Change Date:

2024-05-24

Days On Market:

180

Last Transaction Date:

2024-09-27 09:53:48

List Price:

$1,100,000

Listing Contract Date:

2024-05-24

Listing Id:

24523995

Mls Status:

Active

Modification Timestamp:

2024-09-27 09:53:48

On Market Date:

2024-05-24

Previous List Price:

$1,175,000

Rent Includes:

Gas,MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

WILLIAMS / MISSISSIPPI

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.12

Size Dimensions:

101X50

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToAccountant,AnnualPropertyOperationData,RentRecords,TaxReturnsAvailable

Parking

Features:

OffStreet

2 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Harriet Tubman

Elementary School:

Boise-Eliot

Security Features

Features:

Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,300

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$3,500

Area:

1881

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

3 total bathrooms

4 total bedroom

Unit Two

Actual Rent:

$1,995

Area:

904

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

6 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,650

Area:

972

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Tank,Tankless

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,100,000 -

4417 N Gantenbein 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.