Portland, OR 97202,2744 SE 35TH PL
Portland, OR 97202,2744 SE 35TH PL
Portland, OR 97202,2744 SE 35TH PL
Portland, OR 97202,2744 SE 35TH PL
Portland, OR 97202,2744 SE 35TH PL
Portland, OR 97202,2744 SE 35TH PL
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Listed by RealtyNET, LLC
Bought with Windermere Northwest Living

$1,224,000

$1,249,000

2.0%
Est.Price: ?

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Est. payment /mo

2,668 SqFt


SOLD DATE : 08/31/2023

Key Details

Sold Price $1,224,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,668 sqft

Price per Sqft $458

Subdivision Division/Clinton

MLS Listing ID 23566261

Sold Date 08/31/23

Year Built 1955

Annual Tax Amount $10,969

Tax Year 2022

Property Description

This investment opportunity is a top performer in the market, boasting a 6.49% cap rate and a 12.82x gross rent multiplier, with great potential for tenant occupancy.. The 4plex features a 1955 original construction, which underwent renovations in 2016, and is situated just 1.5 blocks away from the vibrant SE Division. All units rent quickly, usually within 1-2 showings, and there is no historical vacancy. The property includes an expansive 3BR unit with central HVAC, two gas fireplaces, a private washer/dryer, a dishwasher, and a large patio. This unit has a near-term lease expiration perfect for owner occupant. Additionally, there are three beautiful 1BR units, each with hardwood floors, large windows, private outdoor spaces, and mid-century charm. The property comes with two garages, basement laundry facilities, and tenant storage areas. The seller is a licensed real estate agent in Oregon. Unit sizes are approximate.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning R25

Rooms

Basement Daylight, Exterior Entry, Partially Finished

Interior

Heating Forced Air

Cooling Central Air

Exterior

Community Features Laundry

View Y/N true

View Seasonal

Roof Type Shingle

Garage No

Building

Lot Description Private

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Abernethy

Middle Schools Hosford

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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