1224 NE 81ST AVE Portland, OR97213
$389,900
2 total units
3 total bedrooms
2 total bathrooms
$32,400 annual income
Capitilization Rate: 7.45
1464 total sq. ft
5,000 to 6,999 SqFt
Elementary School: Woodlawn
Middle School: Roseway Heights
High School: Madison
Zoning: CM2
1283 days on market
VestorFilter™
Price per unit$195K/unit
Price per ft²$266.33/ft²
Recent price drop$10,000
Price per acre$3.32M/ac
Price per bedroom$130K/bed
Time on market1283 days
Property Description
House and an ADU for this price! Main floor is a 2 bed, 1 bath home with kitchen, living room, dining area, indoor laundry, front porch and rear deck. Lower level ADU is recently approved with huge bedroom, large living room, kitchen and bath. Also, large indoor laundry area with storage. Located 600 feet from Max Station, CM2 zoning allows for several commercial uses. Projected rents indicate a strong cash flow. Buy and hold? Live on one floor and have tenant make most of your payments.
{{ compliance-logo }}Listing Provided By First Class Properties
Financial Data
Date Sold2021-01-20
Sold Price$389,900
Price ChangeDropped $10,000 on 01/20/2021
Total $45,100 drop
Total $45,100 drop
Original Price$435,000
Current Price$389,900
Property Taxes$2,369
Find On Map
Home Facts
StatusSold
Year Built1920
Exterior Features
MLS ID20521423
Unit Details
Unit 1
Unit 2
