1805 NE 8TH AVE, Portland, OR 97212

$1,300,000
List Price
$1,300,000
Days on Market
55
MLS#
21593333
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Fantastic investment property in the heart of NE Portland. All units have been updated since 2015. Newer windows, refinished hardwood floors, tank Decommission 2011, exterior paint 2015. Each unit with individual gas and electric & own gas furnace. On site coin operated laundry and individual storage units in the basement. Walk to shops, restaurants, bus line, very convenient to downtown.

Additional Information

Tax Amount
$6,634
Year Built
1940
High School
Jefferson
Elementary School
Irvington
Middle School
Harriet Tubman
Subdivision
Irvington
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Gravity
Hot Water Description
Gas
Exterior Description
Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
2883
Capitalization Rate
4.61
Operating Expenses Actual
31270
Gross Income Actual
91200
Gross Rent Multiplier
14.25
Net Income Actual
59930
Occupancy Types
Leased, Vacant
Covenants/Restrictions
No
Road Surface
Paved
Number Of Units Total
6
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1265
Unit Type One Sq Ft
480
Unit Type One Units Total
5
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1275
Unit Type Two Sq Ft
480
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Windermere Realty Trust.

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