MLS# 24587565 – 514 Ne Prescott St, Portland, OR 97211 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Sunset Corridor.

Property Description

Description

2 Units

Status: Active

Year Built: 1950

Neighborhood: King

Days on Website: 6

Charming Duplex in the King Neighborhood – Ideal for Owner-Occupants or InvestorsThis solid duplex, in the heart of the sought-after King Neighborhood, offers a fantastic opportunity for both owner-occupants and investors alike. Each side of this one-level duplex features 2 spacious bedrooms and 1 bathroom, providing comfort and functionality. Each unit also includes a partially finished basement with additional storage or bonus rooms to suit your needs, extra large laundry room, a private backyard, and parking options with both a driveway and on-street parking.One unit has had recent updates and has ADA accessibility, including a walk-in shower, making it move-in ready or perfect for a market-rate rental. Whether you're looking to live in one side and rent the other or expand your investment portfolio, and generate income from both, this duplex offers great value and potential in a thriving neighborhood. Don't miss out on this versatile property!

Property Details and Features

Property Access

Road Surface Type:

Concrete

Basement

Basement:

Finished,PartialBasement

Building

Building Area Total:

1508

Built in 1950

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Community

Community Features:

Laundry

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir90

Income

Gross Income:

$14,400

Gross Rent Multiplier:

43.06

Listing

Contract Status Change Date:

2024-11-14

Days On Market:

Last Transaction Date:

2024-11-14 21:55:28

List Price:

$620,000

Listing Contract Date:

2024-11-14

Listing Id:

24587565

Mls Status:

Active

Modification Timestamp:

2024-11-21 01:07:54

On Market Date:

2024-11-14

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

KING

County Or Parish:

Multnomah

Lot

Features:

Level,OnBusline

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,OnStreet

2 total parking spots

Possession

Possession:

SellerRentBack

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

R2.5

Roof

Roof:

Shake,Shingle

Schools

High School:

Jefferson

Middle Or Junior School:

Harriet Tubman

Elementary School:

Sabin

Security Features

Features:

HandicapAccess

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,889

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,200

Area:

611

Features:

Range,Refrigerator,Storage,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$800

Area:

548

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$620,000 -

514 Ne Prescott St Portland , OR 97211

MLS Area Major: _142

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.