This Lents Neighborhood home has more to offer than a large back yard, it also has an ADU! Great income opportunity, with Unit A being 4 bed, 2.5 bath, wood floors, daylight, vaulted ceilings, and a den. Unit B offers a 2 bed, 1 bath, breakfast nook, & utility room. The units share a water meter but have separate electric meters, laundry, & parking. Reserve your tour today!
Off market
$591,200
8923 SE Reedway St, Portland, OR 97266
6beds
1,741sqft
MultiFamily
Built in 1910
-- sqft lot
$591,200 Zestimate®
$340/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced air, Gas
Cooling
- None
Appliances
- Included: Dryer, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Hardwood
- Windows: Window Coverings
- Basement: Finished
Interior area
- Total interior livable area: 1,741 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Shingle (Not Wood)
Lot
- Size: 6,969 sqft
Details
- Parcel number: R115539
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Approximately
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 1995
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Forced Air
- RoadSurfaceType: Paved
- Appliances: Refrigerator, Washer/Dryer, Electric Water Heater, Range
- HeatingYN: true
- NumberOfUnitsTotal: 2
- Utilities: Natural Gas Connected
- FarmLandAreaUnits: Square Feet
- ConstructionMaterials: Shingle Siding, Cedar
- Zoning: RM2
- WindowFeatures: Window Coverings
- RentIncludes: Trash Collection, Maintenance Grounds
- TotalActualRent: 1995
- OperatingExpense: 6899
- CapRate: 6.06
- MlsStatus: Active
- PropertyCondition: Approximately
- GrossIncome: 38338
- NetOperatingIncome: 31439
- TaxAnnualAmount: 5437.39
- Road surface type: Paved
Services availability
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Estimated market value
$591,200