Carpe diem on this incredible mixed-use opportunity in Kerns – recently named one of the coolest neighborhoods in the U.S. Today it’s a thriving midterm rental and office space called Hi Buddy that's Perfectly Portland with Wes Anderson vibes. Three beds up and a two bedroom private apartment below, the building is a friendly beacon in the community. Use it as a duplex with owner occupied live/work and rent the apartment below. Lease the main level to a small business and lift up the community. Continue with the successful run of Mid term renters in the rooms above. So many options! Picnic area and large covered patio ready to serve you up your cafe dreams. Positioned in the triangle of some of NE’s favorite spots, Hi Buddy comes practically unlimited potential. The commercial kitchen easily converts to residential, and clever custom built ins allow for dry storage. Professionally installed venting, ADA compliant with lift and bathroom, security and fire systems, and more room to expand (hostel bunk room, anyone?). Walk Score 99, Bike Score 94 with public transit nearby. Office space, hospitality, wellness, cafe, retail, live/work... the dream of Portland is alive. Come see. Owner is co-listing agent.
Real BrokerBrokerage Email: Patricia@WorkingMagicGroup.comLicense #201218800
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,628
Year Built
Built in 1904
Home Design
Wood Siding
Bedrooms and Bathrooms
5 Bedrooms
4 Bathrooms
Schools
Buckman Elementary School
Hosford Middle School
Cleveland High School
Utilities
No Cooling
90% Forced Air Heating System
Heating System Uses Gas
Listing and Financial Details
Assessor Parcel Number R210144
Community Details
Overview
2 Units
Kerns Subdivision
Building Details
Operating Expense $10,440
Gross Income $96,240
Net Operating Income $85,800
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,628
Year Built
Built in 1904
Lot Details
0
Listing Details
Standard Status: Pending
MLS Status: Pending
Property Type: MultiFamily
Year Built: 1904
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Total Bedrooms: 5
Lot Size Range: SqFt0Kto2999
Exterior Features
Exterior Description: WoodSiding
Lot Size: 0K to 2,999 SqFt
View: No
Garage/Parking
Attached Garage: No
Utilities
Fuel Description: Electricity,Gas
Cooling Y N: No
Heating: ForcedAir90
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Schools
Elementary School: Buckman
High School: Cleveland
Middle Or Junior School: Hosford
Lot Info
Zoning: CM2
Parcel #: R210144
Green Features
Green Certification: No
Rental Info
Rent Includes: Electricity, Heat, Sewer, TrashCollection, Water
Tax Info
Tax Deferral: No
Tax Annual Amount: 6627.56
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2
Number Of Units Total: 2
Gross Rent Multiplier: 8.56
Annual Gross Income: 96240.0
Property Net Operating Income: 85800.0
Annual Operating Expense: 10440.0
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
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This home is located at 15 NE 18th Ave, Portland, OR 97232 and is currently priced at $824,000. This property was built in 1904. 15 NE 18th Ave is a home located in Multnomah County with nearby schools including Buckman Elementary School, Hosford Middle School, and Cleveland High School.
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