3716 SE BELMONT ST, Portland, OR 97214

$549,000
2,172
SqFt
List Price
$549,000
Price Change
▼ $45,000 1717462980
Days on Market
70
MLS#
24136929
Property Type
Multifamily
Sqft. of Residence
2,172
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland Southeast
Status
ACTIVE

Property Description

Investment opportunity of a lifetime in the heart of the hip and vibrant Belmont District! Legal duplex offering 2 comfortable 1 Bedroom 1 Bath units. (Projected CAP rate of 4.4 based on projected rent) Be greeted by the inviting light filled living spaces, a well-designed layout with high ceilings and built-in storage. The use of space is maximized, creating a comfortable and functional atmosphere that is sure to inspire your personal touches. Original hardwood floors add warmth to the interiors, enhancing the overall charm of the units. The large unfinished basement offers a versatile space that provides ample storage options and shared laundry facilities. With its separate entrance, the basement opens up possibilities for expansion or additional income opportunities. The upper unit is currently occupied by a solid, leased tenant. Please respect their privacy and note that offers are subject to interior inspection of Unit B. The lower unit is vacant, presenting the perfect opportunity for an owner-occupied investment. Consider the exciting prospect of a fun reno project, restoring this gem to its former glory in an unbeatable location! Location is everything, and this duplex does not disappoint. Nestled in the highly coveted Belmont Conveniently located to trendy eateries, vibrant cafes, and eclectic shops and more. Everything you need is within easy reach. Outside you'll discover a fenced backyard, providing a private oasis for outdoor enjoyment w/ plenty of room to indulge your green thumb or create a parking area accessed by the long shared driveway. Unlock the endless possibilities of this remarkable duplex, from generating rental income to accessing potential for future development!

Additional Information

Tax Amount
$5,390
Year Built
1903
High School
Franklin
Elementary School
Sunnyside Env
Middle School
Sunnyside Env
Acres
0.08
Living Area
2,172
Stories
2
Subdivision
SUNNYSIDE/HAWTHORNE
Terms
Conventional, FHA
Cooling Description
None
Fuel Description
Gas
Heating Description
Forced Air, Wall Furnace
Hoa Rent Includes
None
Hot Water Description
Gas
Exterior Description
Asbestos, Cement Siding
Roof Type
Composition
Sewer Description
Public Sewer
Parking
Off Street, On Street
Security Or Entry
None
Parking Description
Off Street, On Street
Road Surface
Paved
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Sq Ft
824
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

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

Listing courtesy of John L. Scott Portland Central.

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