Look at these great returns, based on current rents: GRM 11.2x, Cap rate 6.1%, Cash on Cash 7.9%. Seller is/has doing substantial repairs. Nice triplex with low maintenance grounds. Tenants pay all utilities. Rent includes water reimbursement from tenants. 3 bedroom apt. was just rented. Gresham, not Portland! Call George for Investors Package. Interior inspection only after accepted offer. Do NOT disturb tenants.
Off market
$657,500
18324 NE Wasco St, Portland, OR 97230
7beds
6baths
2,960sqft
MultiFamily
Built in 1978
-- sqft lot
$657,500 Zestimate®
$222/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
- Laundry: Washer/Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 2,960 sqft
Property
Features
- Exterior features: Brick
Lot
- Features: Level, Views
- Residential vegetation: Wooded
Details
- Zoning: MDR12
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 3830
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- Appliances: Dishwasher, Refrigerator, Washer/Dryer, Electric Water Heater, Range
- HeatingYN: true
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Brick, T-111 Siding
- Roof: Composition
- LotFeatures: Level, Views
- LeaseTerm: Month To Month
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Assigned, Guest
- Vegetation: Wooded
- PropertyCondition: Updated/Remodeled
- View: Trees/Woods
- Zoning: MDR12
- CapRate: 2.34
- GrossIncome: 38220
- LaundryFeatures: Washer/Dryer Hookup
- CoListAgentEmail: GT1956@Fastmail.com
- CoListAgentFullName: George Thompson
- MlsStatus: Active
- NetOperatingIncome: 12041
- OperatingExpense: 26179
- TaxAnnualAmount: 4340.38
- GrossScheduledIncome: 45960
- TotalActualRent: 3830
Services availability
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Estimated market value
$657,500