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Listed by Berkshire Hathaway HomeServices NW Real Estate
$999,000
Est. payment /mo
11 Beds
4 Baths
3,753 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,753 sqft
Price per Sqft $266
Subdivision Portsmouth/University Park
MLS Listing ID 450186994
Bedrooms 11
HOA Y/N No
Year Built 1942
Annual Tax Amount $10,666
Tax Year 2025
Property Description
Exceptional income-producing multi-family opportunity in one of Portland's most desirable near-campus neighborhoods. This duplex sits in the charming University Park/Portsmouth area, just minutes from the University of Portland. It's perfectly positioned to attract strong student & professional tenant demand with excellent capitalization potential.Built in 1942, Unit 1 has a total of 1933 sq ft, 5 beds/2 baths and timeless character throughout. Original coved ceilings, oak hardwood flooring, fireplace, arched doorways, period fixtures and built-ins add to the charm! All new kitchen appliances and a quaint breakfast nook. The laundry area is located in the basement.Built in 2014, Unit 2 has a total of 1820 sq ft, 6 beds/2 baths, this unit provides modern living with updated granite counters & maple cabinetry in the kitchen and bathrooms. Large open living/kitchen area with plenty of space for large groups. Upper-level laundry for added convenience. In addition, this duplex has a newer roof and vinyl windows and is close to everyday amenities, including parks, transit, shops & restaurants. Whether you're an investor seeking reliable returns, or a buyer looking for a solid multi-family asset, this duplex delivers both timeless appeal and an investment with great cashflow and cap rate potential.
Location
State OR
County Multnomah
Area _141
Zoning R5
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling Wall Unit
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Astor
Middle Schools Astor
High Schools Roosevelt
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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Nearby Locations
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