MLS# 24614023 – 1630 Ne 81st Ave, Portland, OR 97213 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1962

Neighborhood: Madison South

Days on Website: 4

Duplex next door is being sold too! This duplex is situated in an excellent location. Each unit features two bedrooms and one bathroom. Unit 1630 is currently occupied by a long-term renter, while Unit 1632 boasts hardwood floors and quartz countertops in the kitchen. The property is conveniently located near a university, public transportation, and highway access, enhancing its rental appeal. Please refrain from disturbing the tenants. Please write offer subject to inspection. Listing agent Risa Davis is an Oregon licensed Realtor, and Trustee to property.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1560

Built in 1962

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

9512

Operating Expense:

$9,512

Exterior Features

Exterior Description:

Cedar

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

2.91

Gross Income:

$25,540

Gross Rent Multiplier:

21.53

Gross Scheduled Income:

$28,878

Net Operating Income:

$16,028

Net Scheduled Income:

19366

Listing

Contract Status Change Date:

2024-11-18

Days On Market:

Last Transaction Date:

2024-11-18 17:53:45

List Price:

$550,000

Listing Contract Date:

2024-11-18

Listing Id:

24614023

Mls Status:

Active

Modification Timestamp:

2024-11-23 01:40:46

On Market Date:

2024-11-18

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

MADISON SOUTH

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:

ProfitLossStatement,RentRecords

Parking

Features:

Driveway,Garage

2 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RM1

Roof

Roof:

Shingle

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Roseway Heights

Elementary School:

Jason Lee

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,253

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,400

Area:

800

Features:

HardwoodFloors

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,065

Area:

760

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$550,000 -

1630 Ne 81st Ave Portland , OR 97213

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.