See related listing #742021713. Great opportunity for owner occupied investment. Unique property includes a modern 2020 duplex (1,128 & 1,210 sq ft) and a charming 1912 single-family home (900 sq ft). Ideal for owner-occupants looking to offset their mortgage with rental income while growing equity. The duplex, constructed by contractor-owner, is thoughtfully set back from the street, providing privacy and a residential feel. Each unit offers light-filled living spaces, LVP flooring, stylish half-baths, and open kitchens with stainless appliances. Sliding glass doors from the dining areas lead to private, enclosed patios—ideal for entertaining or relaxing. Upstairs are two bedrooms, a full bath with shower, and laundry. The 1912 home has been well-maintained, featuring two bedrooms, one bath, hardwood floors, a dining room, galley kitchen with new sink and countertops, newer appliances, and a spacious laundry room with second entry. Updates on the house include a 2019 roof and 2015 furnace. Tenants enjoy off-street, assigned parking. See attached information for owner-occupied financing and more details on the units. This exceptional, well-maintained property offers a perfect blend of immediate cash flow and future growth potential. City of Portland approved building plans for a total of seven units, giving buyers the opportunity to expand and increase value. (See attached plans. Buyer to perform their own due diligence.) Located in a prime area with easy access to I-205, public transportation, schools, shopping, and parks. Please do not disturb tenants or enter the property without agent. No sign on property. Offers subject to interior inspection. CAP rate of 5.25.
