216 SE 13TH AVE, Portland, OR 97214

$850,000

Listing courtesy of J Residential Properties.

List Price
$850,000
MLS#
20555404
Property Type
Multifamily
Lot Size
0K to 2, 999 SqFt
Region
Portland Southeast
Status
ACTIVE

Property Description

Looking for a trophy to add to your portfolio. Fantastic close-in location with serious upgrades and updates. The upper unit boasts city views to the west and a two story configuration. The main level is a large 1 bed 1 bath in more original condition. Both units share abundant storage in the street level basement. The basement has the potential to be a third unit. Buyer to due diligence. New roof and HVAC completed 2019 with many other upgrades. A terrific owner occupied opportunity.

Additional Information

Tax Amount
$8,008
Year Built
1906
High School
Cleveland
Elementary School
Buckman
Middle School
Hosford
Stories
3
Energy Efficiency Features
Heat Pump, Forced Air - 95+%
Cooling Description
Heat Pump
Fuel Description
Electricity
Heating Description
Heat Pump
Hot Water Description
Gas
Exterior Description
Lap Siding, Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
3833
Capitalization Rate
5.73
Operating Expenses Actual
8862
Gross Income Actual
57600
Gross Rent Multiplier
14.76
Net Income Actual
48738
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
2
Unit Type One Baths Total
2
Unit Type One Beds Total
4
Unit Type One Rent
3000
Unit Type One Sq Ft
2333
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1800
Unit Type Two Sq Ft
1500
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

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