1917 NE 8TH AVE, Portland, OR 97212

$1,095,000
List Price
$1,095,000
Price Change
▼ $100,000 1613887971
Days on Market
111
MLS#
21264125
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Classic Arts & Crafts era Irvington 4-plex with cute rebuilt balconies, covered decks, updated windows, updated siding & newer roof! Incredible opportunity to own a well maintained vintage 4-square building on a quiet street close to all lower NE has to offer! Each unit features fireplaces, hardwood floors, enclosed sleeping porches & built-in trundle bed. Zoned RM2, building is 6,142 square feet in size w/private storage & laundry in basement.

Additional Information

Tax Amount
$5,678
Year Built
1910
High School
Grant
Elementary School
Irvington
Middle School
Harriet Tubman
Stories
3
Subdivision
Irvington
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Forced Air
Hot Water Description
Electricity
Exterior Description
Lap Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
6142
Capitalization Rate
3.86
Operating Expenses Actual
21000
Gross Income Actual
63240
Gross Rent Multiplier
17.31
Net Income Actual
42240
Occupancy Types
Month To Month
Covenants/Restrictions
No
Road Surface
Paved
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1450
Unit Type One Sq Ft
1030
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1325
Unit Type Two Sq Ft
1030
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
1250
Unit Type Three Sq Ft
1027
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
1225
Unit Type Four Sq Ft
1027
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 JMA Properties LLC.

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