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Listing 3 out of 97
$725,000 For Sale

2326 NE Lombard St
Portland, OR 97211

4 units | Multi Family Home - MLS# 18252462
Property Photo
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Description

Large Concordia Townhome Style 4-Plex perfect for seasoned investor or owner-occupied. Each unit is LARGE 1, 120sf 2 Bed, 1.5 Bath w/ in-unit laundry & plenty of onsite parking. Updates include newer vinyl windows, extra insulation, newer paint & flooring. Units are set back from road w/little road noise & easily rent for $1, 375/ea. Property has solid financials w/low vacancy. Large 10K Lot is zoned for another unit.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Multnomah County
  • Zip Code: 97211
  • Year Built: 1969
  • Elementary School: Faubion
  • High School: Jefferson
  • Sq.Ft.: 4,479 sq ft
  • Units: 4 units
  • Basement: Crawlspace
  • Garage: 5-Car
  • Lot Size: 10, 000 To 14, 999 Sqft
  • Zoning: R2
  • Area: Portland Northeast
  • Exterior: Aluminum
  • Fuel: Electricity
  • Gross Income Actual: 60288
  • Gross Income Projected: 66000
  • Gross Rent Multiplier: 12.03
  • Heating: Zonal
  • Hot Water: Electricity
  • Limited Representation: Full Service
  • Lot: On Busline, Private
  • Net Income Actual: 48900
  • Net Income Projected: 54600
  • Occupancy Types: Leased, Month To Month
  • Operating Expenses Actual: 11400
  • Operating Expenses Projected: 11400
  • Parking: Assigned, Paved
  • Roof Type: Composition
  • Sewer: Public
  • Tax Amount: 6042.68
  • Unit Features: Built-In Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Built-In Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
  • Unit Type 1 Sq Ft: 1120
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Built-In Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
  • Unit Type 2 Sq Ft: 1120
  • Unit Type 2 Units Total: 1
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Built-In Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
  • Unit Type 3 Sq Ft: 1120
  • Unit Type 3 Units Total: 1
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Built-In Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
  • Unit Type 4 Sq Ft: 1120
  • Unit Type 4 Units Total: 1
  • Utilities Included: Garbage, Sewer, Water
  • Water: Public
Courtesy of Keller Williams-Pdx Central

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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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