2240 NE 14TH AVE, Portland, OR 97212

$1,295,000
List Price
$1,295,000
Price Change
▼ $55,000 1590203356
Days on Market
175
MLS#
20450602
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Rare opportunity to own charming 4-plex in Irvington. All units are rented. Each 2 bed/1 bath apartment has fireplace, hardwoods, built-ins, covered sun porch or open-air balcony. Spacious basement can be finished for added square footage. Backyard common area, on-site laundry, & storage. Significant improvements, include new roof, EQ retrofitting, & updated plumbing. Centrally located to shops and restaurants. Bike Score=100, Walk Score=88.

Additional Information

Tax Amount
$10,922
Year Built
1908
High School
Grant
Elementary School
Irvington
Middle School
Harriet Tubman
Stories
2
Subdivision
Irvington
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
Stucco
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
4316
Capitalization Rate
3.12
Operating Expenses Actual
15600
Gross Income Actual
55980
Gross Rent Multiplier
23.13
Net Income Actual
40380
Occupancy Types
Leased, Vacant
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1585
Unit Type One Sq Ft
979
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1595
Unit Type Two Sq Ft
979
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1625
Unit Type Three Sq Ft
979
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1650
Unit Type Four Sq Ft
979
Unit Type Four Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of The Agency, Inc.

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