12314 SE Tibbetts ST Portland, OR97236

$361,000
2 total units
3 total bedrooms
3 total bathrooms
$11,940 annual income
Capitilization Rate: 2.40
1275 total sq. ft
10,000 to 14,999 SqFt
Elementary School: Mill Park
Middle School: Ron Russell
High School: David Douglas
Zoning: RM2
1465 days on market

VestorFilter™

Price per unit$180.5K/unit
Price per ft²$283.14/ft²
Price per acre$1.54M/ac
Price per bedroom$120.3K/bed
Time on market1465 days

Property Description

This is a sleeper deal! So cute inside!! 2br/2 Full bath And 1br/ 1 Full bath.Enjoy a great outdoor space, RV parking, tiny houses, ADUs? Live in one side and rent the other on this large lot! Perfect first time home owner/ investor deal. Lenders can use 75% of rented side unit toward your buyers' qualifying income, no previous landlord exp. necessary! Garage could be turned into another bedroom. Per portland Maps: 2-4 UNIT MULTI-FAMILY so maybe development potential? Buyer to do due diligence.

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Financial Data

Date Sold2020-09-24
Sold Price$361,000
Original Price$360,000
Current Price$361,000
Property Taxes$2,145

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Home Facts

StatusSold
Year Built1948
Stories1
Green/Energy SupplementNo
Exterior Features
MLS ID20642428

Unit Details

Unit 1
Unit 2