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Listed by Opt
$437,500
Est. payment /mo
1,702 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,702 sqft
Price per Sqft $257
Subdivision Cully
MLS Listing ID 640026506
Year Built 1984
Annual Tax Amount $6,285
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Looking for a turn-key investment with serious upside? Look no further than this Cully Duplex gem in vibrant NE Portland! New Roof and maintenance completed! Both units have updated, kitchens & bathrooms! Kitchens feature modern cabinetry, quartz counters and SS appliances. Townhouse style units include new rear Sliders, electric fireplaces, individual storage units, private patios and washer/dryer units. Off-street assigned parking round out this perfect investment near NE 42nd, Alberta Street, Fernhill Park and PDX International! Current annual income with in-place rents = $41,880. Selling at an outstanding 10.5 GRM with potential rent growth.
Location
State OR
County Multnomah
Community Frontyardlandscaping
Area _142
Zoning RM1
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Community Features FrontYardLandscaping
Roof Type Composition,Shingle
Garage No
Building
Lot Description Corner Lot, Level, On Busline
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Rigler
Middle Schools Beaumont
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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NEARBY SCHOOL & BUSINESS
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