MLS# 24532351 – 638 Se 26th Ave, Portland, OR 97214 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Think Real Estate.

Property Description

Description

5 Units

Status: Active

Year Built: 1968

Neighborhood: Buckman

Days on Website: 58

One of a kind eco friendly uber cool 5 unit multifamily investment in Buckman. Situated up and off the street, this mid-century plex was entirely renovated in 2010/2011 with no expense spared! Imagined as a dog friendly complex, this private and fully fenced yard includes large grassy areas, play fire hydrants & other amenities to delight pet lovers & their fur companions. With modern touches, solar panels & durable materials, the Dawg Terrace is built to last and provide a low maintenance and easy to enjoy investment. Bring your friends and create a co-housing community or enjoy the pride of ownership of this rare opportunity!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,None

Building

Building Area Total:

3400

Built in 1968

Storage:

IndividualStorageUnits,Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Community

Community Features:

Commons,Laundry

Expenses

Operating Expense:

$24,000

Exterior Features

Exterior Description:

CementSiding,WoodSiding

Heating

Heating:

WallHeater

Income

CAP Rate:

5.88

Gross Income:

$100,140

Gross Rent Multiplier:

12.93

Net Operating Income:

$76,140

Listing

Contract Status Change Date:

2024-09-23

Days On Market:

Last Transaction Date:

2024-09-23 22:03:35

List Price:

$1,295,000

Listing Contract Date:

2024-09-23

Listing Id:

24532351

Mls Status:

Active

Modification Timestamp:

2024-09-23 22:03:35

On Market Date:

2024-09-23

Rent Includes:

MaintenanceGrounds,TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

Buckman

County Or Parish:

Multnomah

Lot

Size Acres:

0.18

Size Range:

SqFt7000to9999

Size Square Feet:

7,840

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OnStreet

Property

Number Of Units Total:

Property Condition:

Restored

Zoning:

Roof

Roof:

Other

Schools

High School:

Franklin

Middle Or Junior School:

Sunnyside Env

Elementary School:

Sunnyside Env

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$12,522

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,900

Area:

725

Features:

Dishwasher,Disposal,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,850

Area:

725

Features:

Dishwasher,Disposal,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,495

Area:

525

Features:

Deck,Disposal,Range,Storage

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Area:

550

Features:

Deck,Disposal,Range,Storage

Units Total:

1 total bathroom

1 total bedroom

Unit Five

Actual Rent:

$1,550

Area:

575

Features:

Deck,Disposal,Range,Storage

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

$1,295,000 -

638 Se 26th Ave Portland , OR 97214

MLS Area Major: _143

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.