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    1224 NE 81ST Ave

    Portland, OR 97213
    • $389,900
    • STATUS: Pending
    • ON SITE: 87 days
    • MLS #: 20521423
    Pending
    UPDATED: 65 min ago
    $389,900
    • 3
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,464
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    House and an ADU for this price! Main floor is a 2 bed, 1 bath home with kitchen, living room, dining area, indoor laundry, front porch and rear deck. Lower level ADU is recently approved with huge bedroom, large living room, kitchen and bath. Also, large indoor laundry area with storage. Located 600 feet from Max Station, CM2 zoning allows for several commercial uses. Projected rents indicate a strong cash flow. Buy and hold? Live on one floor and have tenant make most of your payments.

    Monthly Payment Calculator



    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Premiere Property Group LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-01-16T23:39:42.173.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Premiere Property Group LLC and should be independently verified.
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    1224 NE 81ST Ave Portland, OR 97213

    • Price: $389,900
    • Status: Pending
    • Updated: 65 min ago
    • MLS #: 20521423
    3
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,464
    SQFT
    $266
    $/SQFT
    1920
    Built
    Neighborhood:
    Montavilla
    County:
    Multnomah
    Area:
    142-Portland Northeast
    Elementary School:
    Woodlawn
    Middle School:
    Roseway Heights
    High School:
    Madison
    Property Description
    House and an ADU for this price! Main floor is a 2 bed, 1 bath home with kitchen, living room, dining area, indoor laundry, front porch and rear deck. Lower level ADU is recently approved with huge bedroom, large living room, kitchen and bath. Also, large indoor laundry area with storage. Located 600 feet from Max Station, CM2 zoning allows for several commercial uses. Projected rents indicate a strong cash flow. Buy and hold? Live on one floor and have tenant make most of your payments.
    Exterior Features

    Exterior Description Lap Siding Lot Description Level Lot Size 5000 To 6999 Sqft Parking Features Paved Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Full Basement Foundation Details Concrete Perimeter Heating Description Zoned Hot Water Description Electricity Unit Features DeckRangeWasher/Dryer Hookup Unit Type1 Features DeckRangeWasher/Dryer Hookup Unit Type1 Sq Ft 687 Unit Type2 Features RangeWasher/Dryer Hookup Unit Type2 Sq Ft 777

    Property Features

    Bank Owned YN No Capitalization Rate 7.45 Country Us Fuel Description Electricity Gross Income Actual 32400 Gross Income Projected 32400 Gross Rent Multiplier 12.03 Net Income Actual 32400 Occupancy Types Vacant Operating Expenses Actual 5600 Property Condition Approximately Rent Includes None Security Features Security System Owned Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage None Tax Amount 2369.07 Third Party Approval YN No Unit Type1 Rent 1500 Unit Type1 Units Total 1 Unit Type2 Rent 1200 Unit Type2 Units Total 1 Zoning Cm2

    Listing provided courtesy of First Class Properties.


    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Premiere Property Group LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-01-16T23:39:42.173.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Premiere Property Group LLC and should be independently verified.
     
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    Premiere Property Group LLC
    5000 Meadows Rd. Suite 150
    Lake Oswego OR, 97035