Attractive investment property surrounded by high quality, newer homes close to Reed College. Built in 1962 & comprising 5 duplexes on 3 tax lots with (9) 2BR/1BA and one (1) 1BR/1BA. Newer pitched comp shingle roofs, Hardie-plank siding, exterior paint, Milgard windows & 10 new electrical panels. Strong rent upside! No sign. Please call LA & Do Not Disturb Tenants.
Off market
$1,473,500
4522/4608 -1 Se 29th Ave, Portland, OR 97202
11beds
8,390sqft
MultiFamily
Built in 1962
-- sqft lot
$1,473,500 Zestimate®
$176/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard
Appliances
- Included: Refrigerator
Features
- Refrigerator, Range
Interior area
- Total interior livable area: 8,390 sqft
Property
Parking
- Details: Paved
Lot
- Size: 0.46 Acres
- Features: Level
Details
- Zoning: R2.5
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1962
- Major remodel year: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available, Sewer Available, Trash Collection
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- GarageYN: true
- HeatingYN: true
- NumberOfUnitsTotal: 10
- CurrentFinancing: Conventional, Cash
- Roof: Composition
- LotFeatures: Level
- NumberOfUnitsInCommunity: 10
- Utilities: Water Available, Sewer Available, Trash Collection
- YearBuiltEffective: 1962
- Zoning: R2.5
- ParkingFeatures: Paved
- InteriorFeatures: Refrigerator, Range
- OtherParking: Paved
- CapRate: 5.05
- MlsStatus: Pending
- GrossIncome: 149340
- GrossScheduledIncome: 165360
- OperatingExpense: 49227
Services availability
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Estimated market value
$1,473,500