Incredible opportunity to owner-occupy a duplex in beautiful Sellwood! This well-maintained duplex at 2422 SE Nehalem St offers two spacious units, each featuring 2 bedrooms and 1 bathroom within 850 square feet of living space. Each unit has an outdoor patio for entertaining or extra storage! The 5,000 sqft corner lot gives you lots of room for parking and a shared driveway in case you need more! Built in 1966, the building is constructed with wood and brick, ensuring durability and classic appeal. Each unit includes a cozy fireplace, adding warmth and character to the living areas. Located near Westmoreland Park and Sellwood Park, you can enjoy easy access to parks, restaurants and everything Sellwood has to offer! Don't wait on this one!
MORE RealtyBrokerage Phone: 503-309-9406License #201234887Listed on: 02/11/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,355
Year Built
Built in 1966 | Remodeled
Lot Details
5,227 Sq Ft Lot
Corner Lot
Level Lot
Home Design
Brick Exterior Construction
Composition Roof
Concrete Perimeter Foundation
Interior Spaces
1,714 Sq Ft Home
1-Story Property
Crawl Space
Bedrooms and Bathrooms
4 Bedrooms
2 Bathrooms
Parking
Driveway
On-Street Parking
Schools
Llewellyn Elementary School
Sellwood Middle School
Cleveland High School
Utilities
No Cooling
Baseboard Heating
Listing and Financial Details
Assessor Parcel Number R224978
Community Details
Overview
2 Units
Building Details
Operating Expense $14,292
Gross Income $36,550
Net Operating Income $17,338
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,355
Year Built
Built in 1966 | Remodeled
Lot Details
0
Listing Details
Standard Status: Pending
MLS Status: Pending
Property Type: MultiFamily
Stories: 1
Year Built: 1966
Property Condition: UpdatedRemodeled
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: CrawlSpace
Total Bedrooms: 4
Lot Size Range: SqFt5000to6999
Exterior Features
Exterior Description: Brick
Lot Size: 5,000 to 6,999 SqFt
Foundation Details: ConcretePerimeter
View: No
Lot Features: CornerLot, Level
Road Surface Type: Paved
Roof: Composition
Garage/Parking
Parking Description: Driveway, OnStreet
Attached Garage: No
Utilities
Fuel Description: Electricity
Hot Water: Electricity,Tank
Security: None
Cooling: None
Cooling Y N: No
Heating: Baseboard
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Schools
Elementary School: Llewellyn
High School: Cleveland
Middle Or Junior School: Sellwood
Lot Info
Zoning: R2
Lot Size Acres: 0.12
Lot Size Sq Ft: 5227.0
Parcel #: R224978
Green Features
Green Certification: No
Rental Info
Rent Includes: Sewer, TrashCollection, Water
Tax Info
Tax Deferral: No
Tax Year: 2024
Tax Annual Amount: 6354.67
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2
Number Of Units Total: 2
Gross Rent Multiplier: 14.91
Annual Gross Income: 36550.0
Property Net Operating Income: 17338.0
Annual Operating Expense: 14292.0
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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This home is located at 2422 SE Nehalem St Unit 2424, Portland, OR 97202 and is currently priced at $545,000, approximately $317 per square foot. This property was built in 1966. 2422 SE Nehalem St Unit 2424 is a home located in Multnomah County with nearby schools including Llewellyn Elementary School, Sellwood Middle School, and Cleveland High School.
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