2522 NE MULTNOMAH ST, Portland, OR 97232
- $400,000
- 2,596
- SqFt
- List Price
- $400,000
- Days on Market
- 39
- MLS#
- 369599158
- Property Type
- Multifamily
- Sqft. of Residence
- 2,596
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Portland Northeast
- Status
- PENDING
Property Description
Charming NE Portland duplex in the heart of the Multnomah/Lloyd District, offering both steady cash flow and an easy place to call home. Two spacious 3-bed/2-bath townhome-style units (approx. 1,200 sq. ft. each) feature in-unit washer/dryer, dishwasher, full kitchens, and functional layouts that live like single-family homes. Six off-street paved parking spaces and a level 3,924 sq. ft. R2.5 lot provide rare convenience and future flexibility in a close-in location.Investors will appreciate the 100% occupancy, stable tenant base, and “as-is” leased fee valuation of $400,000, supported by professional appraisal, in a submarket with strong incomes and ongoing demand for multifamily housing. With no known deferred major capital items and average overall condition, this is a straightforward hold with room to push rents over time.Owner-occupants and house-hackers can live in one 3-bedroom unit and offset expenses with rent from the other, all while enjoying quick access to I-84, TriMet, Lloyd Center, Fred Meyer, Providence Medical Center, and downtown Portland. The walkable, amenity-rich neighborhood, city utilities, and legal conforming zoning that allows duplex, triplex, fourplex, and multi-dwelling structures make this a rare opportunity to own versatile housing in a prime close-in location.
Additional Information
- Tax Amount
- $6,773
- Year Built
- 1980
- High School
- Jefferson
- Elementary School
- Irvington
- Middle School
- Harriet Tubman
- Acres
- 0.09
- Living Area
- 2,596
- Stories
- 2
- Subdivision
- SULLIVAN'S GULCH
- Terms
- Cash, Conventional, FHA
- Cooling Description
- Window Unit(s)
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Open, Paved
- Parking Description
- Open, Paved
- Road Surface
- Paved
- Number Of Units Total
- 2
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 1610
- Unit Type One Sq Ft
- 1200
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
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Listing courtesy of ELEETE Real Estate.
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