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Listing 15 out of 101
$775,000 For Sale

525 N Simpson St
Portland, OR 97217

3 units | Multi Family Home - MLS# 17438914
Property Photo
1/20

Description

All units extensively remodeled inside and out. Large two bedroom, charming one bedroom and great studio unit. Detached garage rented separately. Great income producing property with no repairs necessary. Main level and second level separately metered. Upper electricity heat. Separate gas meters. Still more upside in rents. Listing Agent is an owner.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Listing Price: $775,000
  • County/Area: Multnomah County
  • Zip Code: 97217
  • Year Built: 1910
  • Subdivision/Neighborhood: Piedmont
  • Elementary School: Chief Joseph
  • Middle School: Ockley Green
  • High School: Jefferson
  • Sq.Ft.: 3,063 sq ft
  • Stories: 2-Story
  • Units: 3 units
  • Basement: Exterior Door, Partial Basement, Unfinished
  • Garage: 2-Car
  • Lot Size: 3, 000 To 4, 999 Sqft
  • Zoning: R5
  • Area: Portland North
  • Exterior: Cedar, Shake
  • Fuel: Gas
  • Gross Income Actual: 51798
  • Gross Income Projected: 53000
  • Gross Rent Multiplier: 14.96
  • Heating: Forced Air - 90%
  • Hot Water: Gas
  • Limited Representation: Full Service
  • Lot: Corner, Level
  • Net Income Actual: 42671
  • Net Income Projected: 44000
  • Occupancy Types: Leased
  • Operating Expenses Actual: 8825
  • Operating Expenses Projected: 9000
  • Parking: Detached, Garage
  • Roof Type: Composition
  • Sewer: Public
  • Storage: Basement
  • Tax Amount: 3237.98
  • Unit Features: Built-In Dishwasher, Fireplace, Range, Refrigerator, Wood Floors
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Built-In Dishwasher, Fireplace, Range, Wood Floors
  • Unit Type 1 Sq Ft: 1272
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Wood Floors
  • Unit Type 2 Sq Ft: 604
  • Unit Type 2 Units Total: 1
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Features: Wood Floors
  • Unit Type 3 Sq Ft: 366
  • Unit Type 3 Units Total: 1
  • Unit Type 4 Sq Ft: 400
  • Unit Type 4 Units Total: 1
  • Utilities Included: Garbage, Water
  • Water: Public
  • Year Built Info: Restored
Courtesy of Rarebird Real Estate

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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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