Excellent income producing property with terrific Gross Rent Multi (8.33) and CAP Rate (9.90%). All Units leased. Large 3 bedrooms/2 bathrooms detached house, charming 2 bedrooms/1 bathroom detached house, large mechanic shop plus studio inside grandfathered for use and 2 detached garage rented separately. All Tenants recently signed new leases extension, simply just come in to collect rent. Listing Agent is the owner.
Off market
Street View
Price Unknown
6850 NE Emerson St, Portland, OR 97218
5beds
4baths
4,332sqft
MultiFamily
Built in 1952
-- sqft lot
$-- Zestimate®
$--/sqft
$1,774 Estimated rent
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: 4,332 sqft
Property
Parking
- Total spaces: 6
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1952
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- BasementFoundation: Slab
- HotWaterDescription: Electricity
- ListingStatus: Pending
- ParkingDescription: Garage, Paved
- PropertyCategory: MultiFamily
- UnitFeatures: Range, Wood Floors
- OccupancyTypes: Leased
- UnitType1Features: Range, Wood Floors
- UtilitiesIncluded: Sewer, Water, Trash Collection
- UnitType2Features: Range, Wood Floors
- UnitType3Features: Range
- Storage: Garage(s)
- FuelDescription: Gas
- UnitTypeType: 1, 2, 3, 4
- WaterDescription: Public
- RoofType: Composition
- StandardStatus: Pending
- ExteriorDescription: Vinyl Siding
- LegalDescription: PADDOCK HOMESITES, LOT 7
- TaxID: R232633