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Listing 7 out of 101
$725,000 For Sale

2620 NE Lombard St
Portland, OR 97211

4 units | Multi Family Home - MLS# 17175428
Property Photo
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Description

Buffed mid-century construction well-maintained + updated, offering worry-free investment. 10k lot, R-2 zoning, 5th unit potential? New Roof 2017. Good bones + pretty cosmetics, happy tenants. 6 parking spaces, 5 storage units. 2 units w/d, all have w/d hookup. Low monthly maintenance & taxes. Owner pays water, sewer, garbage (av $300/mo). Fully rented. Reliable rental history. Great commuter location. Please do not disturb tenants.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Listing Price: $725,000
  • County/Area: Multnomah County
  • Zip Code: 97211
  • Year Built: 1966
  • Subdivision/Neighborhood: Concordia
  • Elementary School: Faubion
  • High School: Jefferson
  • Sq.Ft.: 2,992 sq ft
  • Stories: 1-Story
  • Units: 4 units
  • Basement: Crawlspace, Storage
  • Garage: 6-Car
  • Lot Size: 10, 000 To 14, 999 Sqft
  • View: Mountain Yes
  • Zoning: R2
  • Area: Portland Northeast
  • Exterior: T-111 Siding, Wood
  • Fuel: Electricity
  • Gross Income Actual: 55500
  • Gross Income Projected: 62400
  • Gross Rent Multiplier: 13.06
  • Heating: Wall
  • Hot Water: Electricity
  • Limited Representation: Full Service
  • Lot: Corner, Sloped
  • Net Income Actual: 44580
  • Net Income Projected: 50480
  • Occupancy Types: Month To Month
  • Operating Expenses Actual: 10920
  • Operating Expenses Projected: 11920
  • Parking: Assigned, Carport
  • Roof Type: Flat
  • Sewer: Public
  • Storage: Attached, Individual Storage Units
  • Tax Amount: 3721.94
  • Unit Features: Hardwood Floors, Range, Refrigerator, Washer/Dryer Hookup, Washer/Dryer, Window Coverings
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Hardwood Floors, Range, Refrigerator, Washer/Dryer
  • Unit Type 1 Sq Ft: 748
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator, Washer/Dryer Hookup, Window Coverings
  • Unit Type 2 Sq Ft: 748
  • Unit Type 2 Units Total: 1
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator, Washer/Dryer, Window Coverings
  • Unit Type 3 Sq Ft: 748
  • Unit Type 3 Units Total: 1
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator, Washer/Dryer Hookup, Window Coverings
  • Unit Type 4 Sq Ft: 748
  • Unit Type 4 Units Total: 1
  • Utilities Included: Garbage, Sewer, Water
  • Water: Public
Courtesy of Living Room Realty

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Jim Lutz

Jim Lutz, CCIM
Oregon Principal Broker
Premiere Property Group, LLC
Beaverton, OR 97006

503-750-6388
Contact Me

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Jim Lutz | 
503-750-6388 | Contact Me

1500 NW Bethany Blvd #190 - Beaverton, OR 97006
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