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Jesse Richter

jesse@jesserichter.com +1(503) 310-7012

Listed by RE/MAX Equity Group

$440,000

Est. payment - /mo

4 Beds

2 Baths

1,588 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,588 sqft

Price per Sqft $277

Subdivision Anniversary Park

MLS Listing ID 415569253

Bedrooms 4

HOA Y/N No

Year Built 1963

Annual Tax Amount $4,208

Tax Year 2025

Lot Size 8,712 Sqft

Property Description

Excellent Investment Opportunity! Duplex situated on a large 8,519 sq. ft. corner lot just one block from MAX for convenient commuting. Long-term ownership of over 20 years with excellent rental history.Unit #1 features 2 bedrooms, 1 bath, newer range & refrigerator, laminate flooring and inside utility room with washer/dryer hookups, utility sink and storage cabinets. Large fenced yard is separated from the adjoining unit for added privacy. Enclosed and gated carport provides additional storage plus a separate storage shed.Unit #2 offers a similar 2-bedroom, 1-bath floor plan plus a bonus room that could provide flexible space for an office, den or potential 3rd bedroom (no closet). Also includes inside utility, fenced yard, enclosed/gated carport and storage.Major improvements include NEW roof & gutters in 2023 and NEW vinyl windows in 2019. Exterior is ready for fresh paint and your personal touch.One unit is currently vacant for easy viewing. Long-term tenant in occupied unit has been there approximately 20+ years and currently pays $1,100/month, reflecting reduced rent in consideration of assistance with yard/property care. Vacant unit most recently rented for $1,600/month. Current rents indicate potential rental upside. Great opportunity for investor or owner-occupant looking to build equity and generate income!

Location

State OR

County Multnomah

Area _144

Zoning 1101

Interior

Heating Wall Heater

Cooling None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level, Trees

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Davis

Middle Schools Reynolds

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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Regional Multiple Listing Service (RMLS)

Nearby Locations

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Jesse Richter

REALTOR® | Knipe Realty ERA Powered Lic# 201246341

jesse@jesserichter.com

+1(503) 310-7012

7440 SW Hermoso Way, Portland, OR 97223

19570 SE YAMHILL ST Gresham, OR 97233

Jesse Richter

Key Details

Location

Interior

Exterior

Building

Schools

Others

19570 SE YAMHILL ST