MLS# 24545466 – 3618 N Albina Ave, Portland, OR 97227 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Premiere Property Group, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1907

Neighborhood: Mississippi / Williams

Days on Website: 190

2 UNITS! Major income producing properties. Airbnb & VRBO ready. A gorgeous Victorian main residence PLUS newly constructed detached loft just one block from the popular Mississippi Ave. Perfectly located one block from shops, bars, coffee and top rated restaurants, this property is a must see. The main residence offers tons of natural light emphasizing the tall ceilings throughout the main level. All new finishes and so much more will make you feel happy to be home as soon as you step inside. Retreat downstairs to your rec room, 3rd bedroom and large laundry area. This property has convenient alley access with ideal parking for the main home and 2 story ADU loft (built in 2019). The ADU is a fantastic income producing property or can simply be enjoyed by your out of town guests when they visit. This luxury designed loft has vaulted ceilings and incredible natural light making this 620 square foot space feel much larger than imaginable. Both units are being sold FULLY FURNISHED. Contact us for a tour!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

PartiallyFinished

Building

Building Area Total:

2175

Built in 1907

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir,MiniSplit

Expenses

Operating Expense Scheduled:

18000

Operating Expense:

$15,000

Exterior Features

Exterior Description:

CementSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir95Plus,MiniSplit

Income

CAP Rate:

8.67

Gross Income:

$93,033

Gross Rent Multiplier:

9.67

Gross Scheduled Income:

$108,000

Net Operating Income:

$78,033

Net Scheduled Income:

90000

Listing

Contract Status Change Date:

2024-05-15

Days On Market:

189

Last Transaction Date:

2024-11-12 12:20:57

List Price:

$899,900

Listing Contract Date:

2024-05-15

Listing Id:

24545466

Mls Status:

Active

Modification Timestamp:

2024-11-12 12:20:57

On Market Date:

2024-05-15

Previous List Price:

$949,900

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

MISSISSIPPI / WILLIAMS

County Or Parish:

Multnomah

Lot

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

RentRecords

Parking

Features:

OffStreet,Paved

2 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Harriet Tubman

Elementary School:

Boise-Eliot

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,810

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$4,300

Area:

1555

Features:

AirConditioning,Furnished,HardwoodFloors,WasherDryer

Units Total:

1 total bathroom

3 total bedroom

Unit Two

Actual Rent:

$3,450

Area:

620

Features:

AirConditioning,Furnished,Range,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas,Tankless

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$899,900 -

3618 N Albina Ave Portland , OR 97227

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.