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  • $760,000

    5601 NE Cleveland Ave, Portland, OR 97211

    3beds
    3,144sqft
    Multi Family
    Built in 1951
    -- sqft lot
    $759,900 Zestimate®
    $242/sqft
    $-- HOA

    What's special

    Nestled in the heart of the historic Piedmont neighborhood, this immaculate 3100sf duplex, built in 1951, stands as a testament to enduring quality and meticulous upkeep. Boasting high-quality construction, this property presents classic midcentury architecture, offering a unique blend of charm and functionality.Inside each unit, and you'll be greeted by pristine hardwood floors and a fireplace, creating an inviting atmosphere for any homeowner/tenant. The thoughtful layout extends to full basements on both sides, providing ample space for customization or additional living areas.Situated on a generous 75 x 100 lot with convenient alley access, this duplex not only offers a comfortable living experience but also presents a myriad of possibilities for future development. The flexible zoning allows for the addition of more units, providing an excellent opportunity for expansion and increased investment potential.What sets this property apart is its strategic location, just a stone's throw away from the vibrant Vancouver Williams corridor, Mississippi, and Alberta Arts districts. Explore the charm of local bodegas and nearby restaurants, making this duplex an ideal home for those seeking the perfect blend of convenience and cultural richness.This property is a strategic move to hedge against mortgage rates while unlocking the value of future development potential in the unfinished basement. The property ha SUPER low taxes too! Furthermore, the setup is perfect for adding an Accessory Dwelling Unit (ADU), offering even more versatility and added value to the discerning buyer.Seize the opportunity to own a piece of history with this meticulously maintained duplex. Immerse yourself in midcentury charm, capitalize on flexible zoning, and embrace a lifestyle enriched by the vibrant surroundings. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10223374]

    Zillow last checked: 7 hours ago

    Listing updated: February 08, 2024 at 03:04am

    Listed by:

    Joe Spanish 503-860-2805,

    Windermere Realty Trust

    Bought with:

    Nicolette Hanna, 201206245

    Neighbors Realty

    Source: RMLS (OR),MLS#: 23007938MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Fireplace(s)
    Appliances
    • Included: Range, Washer/Dryer, Refrigerator, Electric Water Heater
    Features
    • Flooring: Hardwood
    • Basement: Full,Storage Space
    Interior area
    • Total structure area: 3,144
    • Total interior livable area: 3,144 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned
    Lot
    • Features: Level, SqFt 7000 to 9999
    Details
    • Parcel number: R243162
    • Zoning: R5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Shake Siding, Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Restored
    • Year built: 1951

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Portland

    HOA & financial

    Other financial information
    • Total actual rent: 4100

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $759,900