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Listing 18 out of 101
$725,000 For Sale

1620 NE 72nd Ave
Portland, OR 97213

4 units | Multi Family Home - MLS# 17590941
Property Photo
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Description

Rare investment opportunity featuring an updated foursquare home with separate triplex on 2 tax lots(11, 400sqft)zoned R2. Recent updates to home include new roof, paint inside & out, & flooring. Rent estimated at $1500. 1977 era triplex with 2bd/1ba units. Each unit features a wood burning fireplace, 2 units with decks & 1 with nice side yard. With updates, market rent estimated at $1200 per unit. Great location & upside potential!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Listing Price: $725,000
  • County/Area: Multnomah County
  • Zip Code: 97213
  • Year Built: 1909
  • Subdivision/Neighborhood: Rose City Park
  • Elementary School: Vestal
  • Middle School: Vestal
  • High School: Madison
  • Sq.Ft.: 3,917 sq ft
  • Stories: 2-Story
  • Units: 4 units
  • Basement: Exterior Door, Unfinished
  • Garage: 5-Car
  • Lot Size: 10, 000 To 14, 999 Sqft
  • Zoning: R2
  • Area: Portland Northeast
  • Exterior: T-111 Siding, Fiber Cement
  • Fuel: Gas
  • Gross Income Actual: 61200
  • Gross Rent Multiplier: 11.85
  • Heating: Forced Air
  • Hot Water: Electricity
  • Limited Representation: Full Service
  • Net Income Actual: 45000
  • Occupancy Types: Month To Month, Other, Vacant
  • Operating Expenses Actual: 16200
  • Parking: Open
  • Roof Type: Composition
  • Sewer: Public
  • Storage: Basement
  • Tax Amount: 7097.05
  • Unit Features: Deck, Range, Refrigerator, Storage, Washer/Dryer Hookup
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Deck, Range, Storage, Washer/Dryer Hookup
  • Unit Type 1 Sq Ft: 1549
  • 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
  • Unit Type 2 Sq Ft: 789
  • Unit Type 2 Units Total: 3
  • Utilities Included: Water
  • Water: Public
  • Year Built Info: Approximately
Courtesy of Premiere Property Group, Llc

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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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