1124 SE SHERMAN ST Portland, OR97214

$1,290,000
3 total units
7 total bedrooms
4 total bathrooms
$56,400 annual income
Capitilization Rate: 3.96
3,000 to 4,999 SqFt
Elementary School: Abernethy
Middle School: Hosford
High School: Cleveland
Zoning: RM2
1008 days on market
Tour #1Tour #2

VestorFilter™

Price per unit$430K/unit
Recent price drop$409,000
Price per acre$18.3M/ac
Price per bedroom$184.3K/bed
Time on market1008 days

Property Description

Rare and unique well designed 8 bedroom duplex and single 3 bedroom family home set on a large corner lot. The 2011 constructed duplex with 3 bedrooms up and a fourth bedroom on the ground floor with a separate entrance, each unit has a full two car garage. Duplex rent is below market. Single family home is vacant and not included in multiplier. Duplex 2301 and 2305 SE 12th Sellers own the adjoining property on 12th would consider including in a sale. Possible development potential.

{{ compliance-logo }}Listing Provided By Belrose Realty, LLC

Financial Data

Date Sold2021-11-04
Sold Price$1,290,000
Price ChangeDropped $409,000 on 11/17/2021
Total $409,000 drop
Original Price$1,699,000
Current Price$1,290,000
Property Taxes$11,779

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Home Facts

StatusSold
Year Built2011
Green/Energy SupplementNo
Exterior Features
MLS ID21240928

Unit Details

Unit 1
Unit 2