MLS# 24611974 – 1805 Ne 8th Ave, Portland, OR 97212 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

6 Units

Status: Active

Year Built: 1940

Neighborhood: Irvington

Days on Website: 4

Fantastic investment opportunity to acquire a 6-plex in the vibrant heart of Northeast Portland. This property is conveniently located by shops, restaurants, public transport, and highway access. It features six 1-bedroom, 1-bathroom apartment units, complete with on-site laundry facilities and personal storage units. No sign or lockbox is present on the property. It is fully occupied, and units will be available for viewing once an offer is accepted. Risa Davis is an Oregon Licensed Realtor and Trustee to property.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

PartialBasement

Building

Building Area Total:

2883

Built in 1940

Storage:

IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1

Community

Community Features:

Laundry

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

21613

Operating Expense:

$21,613

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Gravity

Income

CAP Rate:

6.02

Gross Income:

$90,598

Gross Rent Multiplier:

14.07

Gross Scheduled Income:

$90,598

Net Operating Income:

$76,806

Net Scheduled Income:

76806

Listing

Contract Status Change Date:

2024-11-17

Days On Market:

Last Transaction Date:

2024-11-18 15:31:50

List Price:

$1,275,000

Listing Contract Date:

2024-11-17

Listing Id:

24611974

Mls Status:

Active

Modification Timestamp:

2024-11-21 01:07:54

On Market Date:

2024-11-17

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

IRVINGTON

County Or Parish:

Multnomah

Lot

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

Leases,ProfitLossStatement

Parking

Features:

OffStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RM3

Schools

High School:

Jefferson

Middle Or Junior School:

Harriet Tubman

Elementary School:

Irvington

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$7,820

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$6,178

Area:

480

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,275,000 -

1805 Ne 8th Ave Portland , OR 97212

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.