MLS# 24535448 – 5501 E Burnside St, Portland, OR 97215 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of MORE Realty.

Property Description

Description

2 Units

Status: Active

Year Built: 1894

Neighborhood: North Tabor

Days on Website: 156

This exceptional duplex offers prime access to Providence Medical Center, transit, restaurants, and amenities. Each spacious unit features beautiful hardwood and tile flooring, large bedrooms, updated kitchens and baths with stainless steel appliances, and full-size washers and dryers. Upstairs unit is 2 bedrooms and 1 bath while downstairs is 1 bedroom 1 bath. A major 2015 renovation added a new roof, gutters, sewer, and exterior upgrades. Furnace in each unit replaced in 2022. One unit is vacant, perfect for owner-occupancy or selecting your ideal tenant, while the other unit is occupied, providing immediate rental income. Don't miss this prime investment opportunity in sought-after North Tabor. Schedule your viewing today!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

PartialBasement,Unfinished

Building

Built in 1894

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

WindowUnit

Expenses

Operating Expense:

$11,150

Exterior Features

Exterior Description:

ShingleSiding

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.24

Gross Income:

$45,686

Gross Rent Multiplier:

14.42

Net Operating Income:

$34,535

Listing

Contract Status Change Date:

2024-06-19

Days On Market:

156

Last Transaction Date:

2024-11-22 14:30:49

List Price:

$659,000

Listing Contract Date:

2024-06-19

Listing Id:

24535448

Mls Status:

Active

Modification Timestamp:

2024-11-22 14:39:11

On Market Date:

2024-06-19

Previous List Price:

$674,900

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

NORTH TABOR

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level,OnBusline

Size Acres:

0.06

Size Range:

SqFt0Kto2999

Size Square Feet:

2,613

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

ProfitLossStatement

Parking

Features:

OnStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

CM2

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Mt Tabor

Elementary School:

Glencoe

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,805

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,795

Area:

1054

Features:

Dishwasher,Refrigerator,WasherDryer,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$2,066

Area:

1078

Features:

Dishwasher,Refrigerator,WasherDryer,WoodFloors

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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$659,000 - Br/0Ba - for Sale in North Tabor, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$659,000 -

5501 E Burnside St Portland , OR 97215

MLS Area Major: _142

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.