Wonderfully kept 4 Plex in a very well established community, close to Rose City Golf, a public golf course. This property has been in the same family for over 60 years. Current long term tenants wish to stay. Unit 1208, 1210, 1212 are identical layouts with 1 bedroom 1 bathroom each. Wall to wall carpet and a fireplace in each unit. Rent is $1,030. Unit 1214 has 2 bedrooms and 1 bathroom. It has wall to wall carpet and a gas fireplace. Additionally, this unit has use of the 2 car garage and bonus attic space. This unit has a private enclosed back yard. Rent is $1,790. All units have a dedicated full unfinished basements where the laundry hook-ups are located. Off-street parking for all units. The property is located on a massive corner lot that may hold future development potential. Low maintenance brick exterior, updated gas furnaces, close proximity to shopping, and easy freeway access make this a wonderful addition to any portfolio.
MORE RealtyBrokerage Phone: 971-235-7568License #201011016Listed on: 06/11/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$9,029
Year Built
Built in 1949
Lot Details
0.31 Acre Lot
Lot Dimensions are 114x135
Corner Lot
Level Lot
Parking
2 Car Garage
Driveway
Off-Street Parking
Home Design
Brick Exterior Construction
Slab Foundation
Composition Roof
Lap Siding
Concrete Perimeter Foundation
Interior Spaces
3,170 Sq Ft Home
1-Story Property
Bedrooms and Bathrooms
5 Bedrooms
4 Bathrooms
Partially Finished Basement
Basement Fills Entire Space Under The House
Basement Storage
Schools
Jason Lee Elementary School
Roseway Heights Middle School
Leodis Mcdaniel High School
Utilities
No Cooling
95% Forced Air Heating System
Heating System Uses Gas
Gas Water Heater
High Speed Internet
Listing and Financial Details
Assessor Parcel Number R194035
Community Details
Overview
4 Units
Madison South Subdivision
Building Details
Gross Income $55,000
Net Operating Income $55,000
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$9,029
Year Built
Built in 1949
Lot Details
0
Parking
2
Listing Details
Standard Status: Active
MLS Status: Active
Property Type: MultiFamily
Stories: 1
Year Built: 1949
Property Condition: Restored
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: FullBasement, PartiallyFinished
Storage: Basement
Total Bedrooms: 5
Lot Size Range: SqFt10000to14999
Exterior Features
Exterior Description: Brick,LapSiding
Lot Size: 10,000 to 14,999 SqFt
Foundation Details: ConcretePerimeter, Slab
View: No
Lot Features: CornerLot, Level
Road Surface Type: Paved
Roof: Composition
Garage/Parking
Parking Description: Driveway, OffStreet
Attached Garage: No
Garage Spaces: 2.0
Total Parking Spaces: 2.0
Utilities
Fuel Description: Gas
Hot Water: Gas
Internet Service Type: Cable
Security: None
Cooling: None
Cooling Y N: No
Heating: ForcedAir95Plus
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Schools
Elementary School: Jason Lee
High School: Leodis McDaniel
Middle Or Junior School: Roseway Heights
Lot Info
Zoning: RM1
Lot Size Acres: 0.31
Lot Size: 114x135
Lot Size Sq Ft: 13503.0
Parcel #: R194035
Green Features
Green Certification: No
Rental Info
Rent Includes: None
Tax Info
Tax Deferral: No
Tax Annual Amount: 9028.9
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Number Of Units Total: 4
Gross Rent Multiplier: 15.91
Annual Gross Income: 55000.0
Property Net Operating Income: 55000.0
Map
Range of Values:
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Average Value
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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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