MLS# 24669471 – 1501 Se Oak St, Portland, OR 97214 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Property Description

Description

9 Units

Status: Active

Year Built: 1954

Neighborhood: Buckman

Days on Website: 8

Incredible investment opportunity - Classic 9 unit building in Portland’s vibrant Buckman neighborhood! Filled with vintage Portland charm, this brick building sits up off the street with a serene courtyard entry and tuck under garages for each unit! Fully rented with eight 2 bed/1 bath units, one 1 bedroom unit, and a full basement complete with laundry, bike storage, and separate tenant storage! Classic hardwood floors, great layout, meticulously maintained and great rents! Perfect location in the heart of Portland's East side- walk score of 96 and bike score of 95! Super convenient, close to shops, pubs, restaurants, transit, and more!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement

Building

Building Area Total:

8334

Built in 1954

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6,UnitTypeType7,UnitTypeType8,UnitTypeType9

Community

Community Features:

AllLandscaping

Expenses

Operating Expense:

$63,080

Exterior Features

Exterior Description:

Brick

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard,WallHeater

Income

CAP Rate:

4.06

Gross Income:

$156,288

Gross Rent Multiplier:

14.68

Net Operating Income:

$93,209

Listing

Contract Status Change Date:

2024-12-13

Days On Market:

Last Transaction Date:

2024-12-13 14:22:58

List Price:

$2,295,000

Listing Contract Date:

2024-12-13

Listing Id:

24669471

Mls Status:

Active

Modification Timestamp:

2024-12-13 14:22:58

On Market Date:

2024-12-13

Rent Includes:

MaintenanceGrounds,TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

BUCKMAN

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.23

Size Range:

SqFt10000to14999

Size Square Feet:

10,018

Size:

10,000 to 14,999 SqFt

Parking

Features:

Garage

Property

Number Of Units Total:

Zoning:

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Hosford

Elementary School:

Buckman

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$15,147

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,595

Area:

850

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,471

Area:

850

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,295

Area:

850

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,550

Area:

850

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Actual Rent:

$1,595

Area:

850

Features:

Deck,HardwoodFloors,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Six

Actual Rent:

$1,295

Area:

850

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Seven

Actual Rent:

$1,700

Area:

850

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Eight

Actual Rent:

$1,515

Area:

850

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Nine

Actual Rent:

$1,255

Area:

700

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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1501 Se Oak St Portland , OR 97214

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

John Wesley McPherson, Jr., CFA

Location

Street View

Nearby Schools

Recent Sales in the Area

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