MLS# 786757026 – 2475 Nw Raleigh St, Portland, OR 97210 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Knipe Realty ERA Powered.

Property Description

Description

6 Units

Status: Active

Year Built: 1941

Neighborhood: Alphabet District/nob Hill

Days on Website: 19

Incredible opportunity to own a 6 plex in the heart of Portland's Alphabet District. Each unit has beautiful wood floors throughout and built-ins in the living room. Great floor plan. Most units have been recently painted, some new flooring in kitchen and bathrooms, most have updated bathrooms. On site coin operated laundry (generates income) and each unit has lockable storage and own garbage can. Untapped potential in the basement (1304sqft) with high ceilings and natural light! Overall utility costs are low! Walking distance to NW 23rd, Wallace Park, shops, restaurants and public transportation. Walk Score of 98! Bike Score of 95!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,PartialBasement,StorageSpace

Building

Building Area Total:

2887

Built in 1941

Storage:

Basement,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Community

Community Features:

AllLandscaping,Laundry

Cooling

Cooling:

AirConditioningReady

Expenses

Operating Expense Scheduled:

26000

Operating Expense:

$25,400

Exterior Features

Exterior Description:

LapSiding

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.44

Gross Income:

$88,700

Gross Rent Multiplier:

16.07

Gross Scheduled Income:

$94,800

Net Operating Income:

$63,300

Net Scheduled Income:

68800

Listing

Contract Status Change Date:

2025-01-08

Days On Market:

Last Transaction Date:

2025-01-24 16:12:39

List Price:

$1,425,000

Listing Contract Date:

2025-01-08

Listing Id:

786757026

Mls Status:

Active

Modification Timestamp:

2025-01-27 02:00:23

On Market Date:

2025-01-08

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_148

Subdivision Name:

ALPHABET DISTRICT/NOB HILL

County Or Parish:

Multnomah

Lot

Features:

Level,PublicRoad,Seasonal

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,ProfitLossStatement,RentRecords

Parking

Features:

OnStreet

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Lincoln

Middle Or Junior School:

West Sylvan

Elementary School:

Chapman

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,886

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,100

Area:

462

Features:

HardwoodFloors,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

Unit Two

Actual Rent:

$1,240

Area:

485

Features:

HardwoodFloors,Range,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,250

Area:

485

Features:

HardwoodFloors,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,250

Area:

485

Features:

HardwoodFloors,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Five

Actual Rent:

$1,250

Area:

485

Features:

HardwoodFloors,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Six

Actual Rent:

$1,255

Area:

485

Features:

HardwoodFloors,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 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

$1,425,000 -

2475 Nw Raleigh St Portland , OR 97210

MLS Area Major: _148

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.