$1,395,000

Estimated payment $8,366/month

Total Views 6,815
2 Beds
3 Baths
4,218 Sq Ft
$331 Price per Sq Ft

Highlights

  • No HOA
  • Property is near a bus stop
  • Forced Air Heating System
  • West Sylvan Middle School Rated A-
  • Landscaped
  • 3-minute walk to Wallace Park

About This Home

Great owner-operator/occupied option. Exceptional location! Walkability 10/10. Very low utility cost. Charming, single-level building. Each unit has a great layout and a home-like feeling. Wood floors throughout. Excellent tenants in place. Easy to rent. Low turnover rate. Wallace Park is across the street. Walk to restaurants, coffee, shops, grocery stores, schools and hospital. Seller is offering one-year home warranty. Unfinished basement with 1296 sq ft w/ much potential for additional storage units and more! Zoned R2 - may allow up to 3-4 stories. Please do not disturb tenants. Interior viewing of units is subject to accepted offer. Sellers are licensed OR real estate brokers. Listing Agent is a member of LLC ownership of this property.

Listing Agent

Reese Iris

Windermere Realty Trust Brokerage Phone: 503-539-1143 License #200210121 Listed on: 07/22/2025

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,886

Year Built

  • Built in 1941

Lot Details

  • 4,791 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,218 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Security Lights

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Location

  • Property is near a bus stop

Schools

  • Chapman Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R171386

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Alphabet District Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $23,000
  • Gross Income $88,740
  • Net Operating Income $65,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,886

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1941
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement,IndividualStorageUnits
  • Total Bedrooms: 2
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Commons, FrontYardLandscaping
  • Association: No

Schools

  • Elementary School: Chapman
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Zoning: R2
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R171386

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 9885.71

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 15.72
  • Annual Gross Income: 88740.0
  • Property Net Operating Income: 65740.0
  • Annual Operating Expense: 23000.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $1,395,000 +9.4% $331 / Sq Ft
10/03/2022 10/03/22 Sold $1,275,000 +6.3% $442 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $1,200,000 -- $416 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 139468306

Regional Multiple Listing Service (RMLS)

APN: 1N1E28CC 12500