1228 NE 26TH Ave

    Portland, OR 97232
    • $825,000
    • STATUS: Pending
    • ON SITE: 100 days
    • MLS #: 19237291
    Under Contract
    UPDATED: 77 min ago
    $825,000
    • 5
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,140
      SQFT
    • $263
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Fourplex opportunity in Sullivan's Gulch. Great unit mix in a quiet location. Well cared for property with room to grow rents. Amazing hardwoods in two of the units (always under rugs). Heater rated gas fireplace in 2 units, furnace rated stove in upper unit. Shared laundry room. Bill back for utilities not reflected in rents. Seller may perform 1031 exchange at no cost to buyer. Make offer subject to interior inspections.

    Monthly Payment Calculator

    The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Matin Real Estate LLC | Inspire Realty, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-11-17T19:59:12.87.Data deemed reliable but not guaranteed.

    Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Matin Real Estate LLC | Inspire Realty, LLC and should be independently verified.
    www.matinrealestategroup.com/homes/97748313

    1228 NE 26TH Ave Portland, OR 97232

    • Price: $825,000
    • Status: Pending
    • Updated: 77 min ago
    • MLS #: 19237291
    5
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,140
    SQFT
    $263
    $/SQFT
    1906
    Built
    Neighborhood:
    Sullivan's Gulch
    County:
    Multnomah
    Area:
    142-Portland Northeast
    Property Description
    Fourplex opportunity in Sullivan's Gulch. Great unit mix in a quiet location. Well cared for property with room to grow rents. Amazing hardwoods in two of the units (always under rugs). Heater rated gas fireplace in 2 units, furnace rated stove in upper unit. Shared laundry room. Bill back for utilities not reflected in rents. Seller may perform 1031 exchange at no cost to buyer. Make offer subject to interior inspections.
    Exterior Features

    Exterior Description Wood Siding Lot Description CornerPrivate Lot Size 5000 To 6999 Sqft Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Foundation FinishedPartial Basement Heating Description Baseboard Unit Features DishwasherFireplaceHardwood FloorsRangeRefrigerator Unit Type1 Features FireplaceHardwood FloorsRangeRefrigerator Unit Type1 Sq Ft 754 Unit Type2 Features FireplaceHardwood FloorsRangeRefrigerator Unit Type2 Sq Ft 754 Unit Type3 Features RangeRefrigerator Unit Type3 Sq Ft 632 Unit Type4 Features DishwasherFireplaceRangeRefrigerator Unit Type4 Sq Ft 1000

    Property Features

    Bank Owned YN No Capitalization Rate 5.61 Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 64320 Gross Income Projected 67080 Gross Rent Multiplier 12.83 Net Income Actual 47684 Net Income Projected 50310 Occupancy Types LeasedMonth To MonthVacant Operating Expenses Actual 16636 Operating Expenses Projected 16770 Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage None Tax Amount 7399.27 Third Party Approval YN No Unit Type1 Rent 1320 Unit Type1 Units Total 1 Unit Type2 Rent 1295 Unit Type2 Units Total 1 Unit Type3 Rent 1295 Unit Type3 Units Total 1 Unit Type4 Rent 1450 Unit Type4 Units Total 1 Utilities Included Trash CollectionSewerWater Year Built Description Approximately Zoning R2.5

    Listing provided courtesy of Equity Pacific Real Estate Llc.
    The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Matin Real Estate LLC | Inspire Realty, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-11-17T19:59:12.87.Data deemed reliable but not guaranteed.

    Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Matin Real Estate LLC | Inspire Realty, LLC and should be independently verified.
     
    Matin Real Estate LLC | Inspire Realty, LLC
    5441 SW Macadam Ave. Suite 208
    Portland OR, 97239
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