Easy to rent duplex that feels like two separate homes, almost no shared walls. Each unit has its own sunny deck, laundry and off street parking. Large basement with separate entrance for storage. Close proximity to the Jade District and Division with shops and restaurant galore. Easy access to 205. Unit 2 was rented out and Unit 1 was a profitable and established AirBnB. Cap rate at 6.11% - A real money maker!
Remarks Public: Easy to rent duplex that feels like two separate homes, almost no shared walls. Each unit has its own sunny deck, laundry and off street parking. Large basement with separate entrance for storage. Close proximity to the Jade District and Division with shops and restaurant galore. Easy access to 205. Unit 2 was rented out and Unit 1 was a profitable and established AirBnB. Cap rate at 6.11% - A real money maker!
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Legal Description: PARTITION PLAT 1998-35, LOT 1
Basement: Crawl Space, Partial Basement
Storage: Attic, Basement
Exterior Features
Exterior Description: Lap Siding, Vinyl Siding
Lot Size: 3,000 to 4,999 SqFt
Roof Type: Composition
Garage/Parking
Parking Description: Off Site
Utilities
Fuel Description: Electricity
Hot Water: Electricity
Sewer: Public Sewer
Water Description: Public
Heating Description: Zoned
Condo/Co-op/Association
Unit Features: Deck, Dishwasher, Range, Washer/Dryer Hookup
Schools
Elementary School: Harrison Park
High School: Madison
Lot Info
Lot Description: Level
Zoning: R2
Rental Info
Rent Includes: Trash Collection, Sewer, Water
Tax Info
Tax Amount: 4805.30
Assessor Parcel Number: R240032
Tax Year: 2017
Multi Family
Unit Type: 1, 2
Number Of Units Total: 2
Gross Rent Multiplier: 13.16
MLS Schools
Elementary School: Harrison Park
High School: Madison
Ownership History
DateNameOwned ForOwner Type
Aug 2023 - PresentElhamady Ahmed Moustafa1 Year and 11 Months
Private Individual
Purchase Details
Listed on
Jul 14, 2023
Closed on
Aug 14, 2023
Sold by
Mcelravy Timothy and Mcelravy Jennifer
Bought by
Elhamady Ahmed Moustafa
Seller's Agent
Nick Shivers
Keller Williams PDX Central
Buyer's Agent
Sarah Stanfill
Realty Pro Oregon LLC.
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
23
Current Estimated Value
$574,562
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,562
Avg. Annual Appreciation
5.25%
Original Mortgage
$390,000
Outstanding Balance
$382,860
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$191,702
Jul 2018 - Aug 2023Mcelravy Timothy and Mcelravy Jennifer5 Years and 1 Month
Private Individual
Purchase Details
Listed on
Mar 19, 2018
Closed on
Jul 13, 2018
Sold by
Nickerman Wesley
Bought by
Mcelravy Timothy and Mcelravy Jennifer
Seller's Agent
Ana de la Rua Domenech
Like Kind Realty
Buyer's Agent
Kelsey Williams
Real Broker
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.90%
Original Mortgage
$441,849
Interest Rate
4.6%
Mortgage Type
FHA
Jun 2015 - Jul 2018Nickerman Wesley3 Years and 1 Month
Private Individual
Purchase Details
Listed on
Feb 25, 2015
Closed on
Jun 16, 2015
Sold by
Good Family Real Estate Llc
Bought by
Nickerman Wesley
Seller's Agent
Cindy Lam Co-Pfeifer
Premiere Property Group, LLC
Buyer's Agent
Brett Lee
John L. Scott Portland Central
List Price
$329,000
Sold Price
$304,990
Premium/Discount to List
-$24,010
-7.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$299,465
Interest Rate
3.77%
Mortgage Type
FHA
Dec 2014 - Jun 2015Good Family Real Estate Llc6 Months
Company
Purchase Details
Listed on
Jun 14, 2014
Closed on
Dec 11, 2014
Sold by
Kyrejko Vera
Bought by
Good Family Real Estate Llc
Seller's Agent
Kevin Pfeifer
Premiere Property Group, LLC
Buyer's Agent
Jesus Gomez
RE/MAX Equity Group
List Price
$149,900
Sold Price
$162,000
Premium/Discount to List
$12,100
8.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
254.44%
Original Mortgage
$134,800
Interest Rate
3.95%
Mortgage Type
New Conventional
Oct 2000 - Dec 2014Olinghouse Jon R14 Years and 2 Months
Private Individual
Purchase Details
Closed on
Oct 30, 2000
Sold by
Newcomb Janet A
Bought by
Olinghouse Jon R
Feb 1999 - Oct 2000Newcomb Janet A1 Year and 8 Months
Townhome Style Duplex on large private flag lot, new roof in 2024. Spacious bedrooms, sliding glass door to very large back yards, , vaulted ceilings with 2 1/2 baths, separate water meters, attached single-car garages. Great residential pocket just south of Division. Vinyl siding for easy outside maintenance. Live in one and rent the other. Additional parking spaces. Qualifies for DSCR loans for
Townhome Style Duplex on private feeling flag lot with large 960 sqft. units, spacious bedrooms and bathroom. Sliding glass door to back yard space and lots of storage. Attached single-car garages, W/D. Vinyl siding for easy outside maintenance. Live in one and rent the other. Qualifies for DSCR loans for investors seeking easy financing, or low down-payment options for first-time buyers. Would
Townhouse-style, move-in ready duplex is vacant and primed for your market-rate rents! Ideal as an investment property or live in one half and rent the other to offset mortgage costs. Nice floor plan w/2BRs w/generous closets and full bathroom upstairs; 1/2 bathroom down. Both units freshly painted and carpeted. Kitchens w/new flooring, counters & appliances. Eating area w/slider (new) opens to a
Prime Investment Opportunity: One-Level Duplex Near Key Amenities. This well-maintained, one-level duplex offers great potential for investors or owner-occupiers looking for a comfortable living space in a prime location. Each unit features: New LVP Flooring for durability and modern style. Kitchen includes refrigerator, built-in dishwasher, and range. Washer & Dryer Hookups for convenience.
Nice and clean triplex ready to buy and add to your real estate portfolio. Easy access to freeway and public transportation and consistent tenants in place makes this a smart investment. Nice updates in these units with newer kitchens, granite counters, new floors, newer paint and window coverings. Rents are currently below market which offers some room for future upside.
Don’t miss this rare opportunity to own a classic Portland duplex nestled on a quiet street. This property offers two spacious units, each featuring 2 bedrooms, 1 bathroom, and private laundry facilities—perfect for owner-occupancy, multigenerational living, or a solid investment. Step inside to discover the warmth of real hardwood floors that flow throughout both units, adding timeless charm and
Nicely remodeled one level duplex with off street parking on quiet street of nice houses in desirable Montavilla. Front unit newly redone with quartz kitchen counters, stainless appliances and new interior paint throughout. Nicely remodeled bathroom with subway tile tub/shower and heated tile floor. Bamboo floors throughout living, hall and both bedrooms. Back unit has similar finishes plus a
Andrew BerlinbergKeller Williams Realty Professionals
One level + Lots of Parking/HUGE lot = BIG Appeal. Room to grow in this lovely, well-kept Ranch with an oversized, level Lot with basement. Dreaming of extra space for a big backyard project? Welcome to a charming 3-bed ranch on a massive 0.33-acre lot, perfect for buyers who want more than just a starter home. This well-maintained home features a functional floorplan, large windows and a full
Kelly AsmusBerkshire Hathaway HomeServices NW Real Estate
Duplex in the Woodstock neighborhood. Schedule your appointment to view today! Get ready to begin or continue your investment journey with a fantastic property. This one-level duplex includes a covered parking space, two bedrooms, one full bathroom, an additional half bath in the primary bedroom, and a spacious laundry room in each unit (the photos depict the updated unit). Each unit offers 864
Angie BissettCascade Hasson Sotheby's International Realty
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List Price
Sold Price
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Tax AssessmentTax Assessment
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This home is located at 2803 SE 87th Ave, Portland, OR 97266 and is currently priced at $450,000, approximately $182 per square foot. This property was built in 1927. 2803 SE 87th Ave is a home located in Multnomah County with nearby schools including Harrison Park School, Leodis V. McDaniel High School, and Grace Lutheran School.
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