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Listed by Windermere Realty Trust • saralewis@windermere.com
$ 675,000
Est. payment | /mo
2,700 SqFt
$ 675,000
Est. payment | /mo
2,700 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $250
Subdivision Reed
MLS Listing ID 385340385
Year Built 1944
Annual Tax Amount $7,783
Tax Year 2025
Lot Size 5,662 Sqft
Property Description
Charming duplex in the heart of the Reed College Neighborhood with a nearly 6% cap rate and room for improvement. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors, gas fireplace & extensive recent improvements including new appliances. Lower unit is 2 bedroom/2 bath and remodeled in 2011. Both units have laundry. All siding was just replaced & painted. Great rents and extremely low vacancy rates. Please do not disturb tenants and make offers subject to interior inspection. Upper (larger unit) is on a lease through March 2027, lower unit was just vacated 7/1/26. Operating expenses do not include property management fee of 6%.
Location
State OR
County Multnomah
Area _143
Zoning R2.5
Rooms
Basement Daylight, Finished, Full Basement
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level, On Busline, Sloped
Story 3
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
