4 plex in St. Johns Each unit is 2 beds 1 bath. Basement has storage for each unit and coin operated washer & dryer. Potential to build add'l unit(s) on this lot (10,152 SqFt)-buyer to do due diligence regarding requirements and approvals for same. 1 block to bus and Lombard Fred Meyer. Owner pays water, sewer & garbage. Off street parking. Seller to do IRS 1031 tax deferred exchange at closing-no costs to buyer. Write offer subj to interior inspection Do not disturb tenants.
Off market
$868,800
7535 N Heppner Ave, Portland, OR 97203
8beds
4baths
3,132sqft
MultiFamily
Built in 1970
-- sqft lot
$868,800 Zestimate®
$277/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Basement: Partial, Crawl Space, Storage Space
Interior area
- Total interior livable area: 3,132 sqft
Property
Features
- Exterior features: Wood, Brick
Lot
- Features: Level
Details
- Parcel number: R227553
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Existing
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 3995
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- FoundationDetails: Concrete Perimeter
- RoadSurfaceType: Paved
- Appliances: Refrigerator, Electric Water Heater, Range
- HeatingYN: true
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 4
- Basement: Partial, Crawl Space, Storage Space
- ConstructionMaterials: Wood Siding, Brick
- Roof: Composition
- LotFeatures: Level
- LeaseTerm: Month To Month
- Zoning: RM1
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection, Maintenance Grounds
- GrossIncome: 48000
- ParkingFeatures: Paved
- TotalActualRent: 3995
- CapRate: 3.65
- GrossScheduledIncome: 47940
- PropertyCondition: Existing
- NetOperatingIncome: 31000
- MlsStatus: Active
- OperatingExpense: 16900
- TaxAnnualAmount: 6702.19
- Road surface type: Paved
Services availability
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Estimated market value
$868,800