MLS# 308399041 – 11380 Sw Greenburg Rd, Portland, OR 97223 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott Portland Central.

Property Description

Description

9 Units

Status: Active

Year Built: 1970

Days on Website: 11

Live, Work, Invest - A unique property with two 4-Plex units, a 2/1 free standing home with an unfinished basement and a separate 300 sq ft accessory/office building with a half bath. Seller has made significant upgrades to the property including new siding, windows, insulation, exterior paint on both 4- Plex buildings, a new storm drain system and new asphalt/paving of the parking lot. Fabulous location, on the 76 bus line with the stop next door to the complex. A rare Live, Work, Investment opportunity.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,FullBasement,Unfinished

Building

Building Area Total:

7400

Built in 1970

Storage:

Basement,Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

AllLandscaping,Laundry

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense Scheduled:

49694

Operating Expense:

$45,258

Exterior Features

Exterior Description:

Cedar,CementSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir90,MiniSplit,WallHeater

Income

CAP Rate:

4.07

Gross Income:

$137,756

Gross Rent Multiplier:

16.51

Gross Scheduled Income:

$165,648

Net Operating Income:

$92,498

Net Scheduled Income:

115954

Listing

Contract Status Change Date:

2025-01-16

Days On Market:

Last Transaction Date:

2025-01-16 13:03:06

List Price:

$2,275,000

Listing Contract Date:

2025-01-16

Listing Id:

308399041

Mls Status:

Active

Modification Timestamp:

2025-01-16 13:03:06

On Market Date:

2025-01-16

Rent Includes:

Electricity,TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_151

County Or Parish:

Washington

Lot

Features:

Level,OnBusline,PublicRoad

Size Acres:

0.48

Size Range:

SqFt20000toAcres1

Size Square Feet:

20,908

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet,Paved

13 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

R-12

Roof

Roof:

Composition,Metal,Shingle

Schools

High School:

Tigard

Middle Or Junior School:

Fowler

Elementary School:

Metzger

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Legal Description

Tax Deferral

Tax Deferral Description:

Exempt - NP

Tax Year:

2024

Unit One

Area:

800

Features:

Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$912

Area:

800

Features:

Range,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Area:

1008

Features:

Fireplace,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$2,275,000 -

11380 Sw Greenburg Rd Portland , OR 97223

MLS Area Major: _151

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on January 26, 2025 11:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.