1403 SE 24TH AVE, Portland, OR 97214

$1,100,000
List Price
$1,100,000
Days on Market
53
MLS#
20465360
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Southeast
Status
Active

Property Description

Hard to find vintage 1926 fourplex in prime Hawthorne location! Restored units - with many upgrades including electrical service, water heaters, tiled bathrooms, updated kitchens. Each unit has own basement and separate utilities. Blocks to restaurants, easy downtown access, located on a quiet corner. Big upside with rent- very desirable location and style!

Additional Information

Tax Amount
$7,775
Year Built
1926
High School
Franklin
Elementary School
Sunnyside Env
Middle School
Sunnyside Env
Subdivision
Hawthorne
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Forced Air
Hot Water Description
Electricity
Exterior Description
Stucco
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
3780
Capitalization Rate
4.27
Operating Expenses Actual
13404
Gross Income Actual
63600
Gross Rent Multiplier
17.30
Net Income Actual
47016
Occupancy Types
Leased
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
650
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1350
Unit Type Two Sq Ft
650
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
650
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
1250
Unit Type Four Sq Ft
650
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 Neighborhood Works.

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