Excellent opportunity in the popular St. Johns neighborhood where growth and development are booming. Considered a Walker's Paradise (90) and Very Bikeable (88) from walkscore Walking distance to shops, theaters, parks and New Seasons. Vintage charm with modern interiors mean low vacancy in this hot neighborhood. Strong rents currently in place with room to grow in both house and duplex units. Do not disturb tenants or walk property.
Off market
$573,000
8045 N Lombard Way, Portland, OR 97203
5beds
4baths
2,627sqft
MultiFamily
Built in 1916
-- sqft lot
$573,000 Zestimate®
$218/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Baseboard, Electric
Appliances
- Included: Range / Oven
- Laundry: Washer/Dryer Hookup
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 2,627 sqft
Property
Details
- Zoning: R2.5
Construction
Type & style
- Home type: MultiFamily
Condition
- Existing
- Year built: 1916
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: 3400
Other
Other facts
- Flooring: Wood, Hardwood
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- HeatingYN: true
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 3
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- GrossIncome: 40800
- Zoning: R2.5
- RentIncludes: Trash Collection
- Appliances: Range, Tank Water Heater
- TotalActualRent: 3400
- CapRate: 4.36
- GrossScheduledIncome: 47400
- LaundryFeatures: Washer/Dryer Hookup
- PropertyCondition: Existing
- MlsStatus: Active
- NetOperatingIncome: 32673
- OperatingExpense: 8127
Services availability

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Estimated market value
$573,000