Great opportunity for owner occupant buyer or investor looking for low GRM. Light cosmetic updates needed, get great cashflow right off the bat with this townhouse style duplex. Tenant currently pays $1600 per month, unit 320 vacant. Light cosmetic updates needed. Numbers are based on full occupancy at current rent of occupied unit.
Off market
$599,000
320 SE 157th Ave, Portland, OR 97233
6beds
6baths
2,540sqft
MultiFamily
Built in 1997
-- sqft lot
$599,000 Zestimate®
$236/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Forced air, Gas
Appliances
- Included: Dishwasher, Range / Oven, Refrigerator
- Laundry: Washer/Dryer Hookup
Features
- Flooring: Hardwood
- Basement: Crawl Space
Interior area
- Total interior livable area: 2,540 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Vinyl
Lot
- Features: Level, Flag Lot
Details
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
Condition
- Approximately
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 1600
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Forced Air
- RoadSurfaceType: Paved
- Zoning: R5
- Appliances: Dishwasher, Refrigerator, Gas Water Heater, Range
- GarageYN: true
- HeatingYN: true
- NumberOfUnitsTotal: 2
- Utilities: Natural Gas Connected
- Flooring: Hardwood
- ConstructionMaterials: Vinyl Siding
- LotFeatures: Level, Flag Lot
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Garage
- RentIncludes: Water, Sewer
- OperatingExpense: 9600
- GrossIncome: 38400
- NetOperatingIncome: 28800
- TotalActualRent: 1600
- CapRate: 6.40
- GrossScheduledIncome: 38400
- LaundryFeatures: Washer/Dryer Hookup
- MlsStatus: Pending
- PropertyCondition: Approximately
- Road surface type: Paved
Services availability

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Estimated market value
$599,000