Great redevelopment site on corner lot. Current zoning of R1 is changing to CM2 in 2018. Excellent investment and cash flow opportunity on close-in NE 42nd. Currently a duplex that lives like a 4-plex with a detached room behind the main building built from two shipping containers. Buy and bank it with positive cash flow(6 cap rate) and develop later. See plans for unit layouts.
Off market
$781,800
5135 NE 42nd Ave, Portland, OR 97218
5beds
4baths
2,880sqft
MultiFamily
Built in 1929
-- sqft lot
$781,800 Zestimate®
$271/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Forced air
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Washer
Interior area
- Total interior livable area: 2,880 sqft
Property
Features
- Exterior features: Vinyl, Wood
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1929
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- HotWaterDescription: Electricity
- ListingStatus: Pending
- OccupancyTypes: Month to Month
- PropertyCategory: MultiFamily
- UtilitiesIncluded: Electricity, Sewer, Garbage, Water, Heat
- UnitFeatures: Range
- UnitType1Features: Range
- UnitType2Features: Range
- FuelDescription: Gas
- UnitTypeType: 1, 2
- WaterDescription: Public
- BasementFoundation: Exterior Door
- RoofType: Composition
- StandardStatus: Pending
Services availability
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Estimated market value
$781,800