2620 NE Flanders St

    Portland, OR 97232
    • $825,000
    • STATUS: Pending
    • ON SITE: 62 days
    • MLS #: 19475925
    Under Contract
    UPDATED: 35 min ago
    $825,000
    • 3
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 3,425
      SQFT
    • $241
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Historic duplex PLUS adjacent buildable 4,000 sq. ft lot zoned for multiple units, walk to 28th Ave restaurants, Whole Foods and more. Main level unit has 2 bds/1 ba, plus den or office. Upper unit 1 bd/1 ba, possible 2nd bedroom. Shared basement w/storage and laundry. Sep gas/electric meters. Excellent opportunity for investor/builder/owner occupant, live in 1 unit and rent other unit? Airbnb / VRBO / ADU? 3 car garage on adjacent lot.

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    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 2019-11-22T15:59:39.51.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/99192056

    2620 NE Flanders St Portland, OR 97232

    • Price: $825,000
    • Status: Pending
    • Updated: 35 min ago
    • MLS #: 19475925
    3
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,425
    SQFT
    $241
    $/SQFT
    1900
    Built
    Neighborhood:
    Kerns
    County:
    Multnomah
    Area:
    142-Portland Northeast
    Elementary School:
    Buckman
    Middle School:
    Hosford
    High School:
    Cleveland
    Property Description
    Historic duplex PLUS adjacent buildable 4,000 sq. ft lot zoned for multiple units, walk to 28th Ave restaurants, Whole Foods and more. Main level unit has 2 bds/1 ba, plus den or office. Upper unit 1 bd/1 ba, possible 2nd bedroom. Shared basement w/storage and laundry. Sep gas/electric meters. Excellent opportunity for investor/builder/owner occupant, live in 1 unit and rent other unit? Airbnb / VRBO / ADU? 3 car garage on adjacent lot.
    Exterior Features

    Exterior Description Wood Siding Garage Or Parking Spaces 0 Lot Description LevelGentle Sloping Lot Size 7000 To 9999 Sqft Parking Description None Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Foundation Partial Basement Cooling Description None Heating Description Forced Air Hot Water Description ElectricityGas Unit Features Hardwood FloorsRangeRefrigeratorStorage Unit Type1 Features Hardwood FloorsRangeRefrigeratorStorage Unit Type1 Sq Ft 1258 Unit Type2 Features Hardwood FloorsRangeRefrigeratorStorage Unit Type2 Sq Ft 1168

    Property Features

    Bank Owned YN No Capitalization Rate 2.83 Common Amenities CommonsLaundry Country Us Fuel Description Gas Gross Income Actual 38400 Gross Rent Multiplier 21.48 Net Income Actual 23385 Occupancy Types Month To Month Operating Expenses Actual 15015 Security Or Entry Entry Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Basement Tax Amount 6700.20 Third Party Approval YN No Unit Type1 Rent 1750 Unit Type1 Units Total 1 Unit Type2 Rent 1450 Unit Type2 Units Total 2 Utilities Included Trash CollectionSewerWaterLandscaping Year Built Description Approximately Zoning R1

    Listing provided courtesy of Windermere Realty Trust.
    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 2019-11-22T15:59:39.51.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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