MLS# 24558926 – 114 S Lane St, Portland, OR 97239 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Portera Realty Group.

Property Description

Description

4 Units

Status: Active

Year Built: 1890

Neighborhood: S Portland

Days on Website: 101

Walk to South Waterfront from this vintage Portland 4Plex! EZ access to OHSU tram, downtown by bus or rail, and freeway. Next to City open space. Full basement with shared laundry, single garage spot. Updates include new siding and windows. Great opportunity for owner occupied or investor. Please submit offers subject to interior inspection. Family owned for 40 years. Seller is licensed Oregon principal broker. Please do not disturb residents.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Daylight

Building

Building Area Total:

3168

Built in 1890

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

WindowUnit

Expenses

Operating Expense:

$15,000

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

Slab

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard,WallFurnace

Income

CAP Rate:

3.72

Gross Income:

$50,000

Gross Rent Multiplier:

18.8

Net Operating Income:

$35,000

Listing

Contract Status Change Date:

2024-08-12

Days On Market:

100

Last Transaction Date:

2024-10-16 16:52:00

List Price:

$940,000

Listing Contract Date:

2024-08-12

Listing Id:

24558926

Mls Status:

Active

Modification Timestamp:

2024-10-16 16:52:00

On Market Date:

2024-08-12

Previous List Price:

$990,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_148

Subdivision Name:

S Portland

County Or Parish:

Multnomah

Lot

Features:

GentleSloping

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,Garage

1 total parking spot

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Ida B Wells

Middle Or Junior School:

Jackson

Elementary School:

Capitol Hill

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,920

Legal Description

Tax Year:

2023

Unit One

Area:

700

Features:

Range,Refrigerator,Storage

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$995

Area:

700

Features:

Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Area:

700

Features:

Microwave,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,180

Area:

700

Features:

Range,Refrigerator,Storage,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Internet Service Type:

Cable,DSL

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$940,000 -

114 S Lane St Portland , OR 97239

MLS Area Major: _148

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.