1623 SE 50TH AVEPortland, OR97215

$725,000
3 total units
$40,200 annual income
Capitilization Rate: 3.79
2712 sq. ft
SqFt5000to6999
Elementary School: Glencoe
Middle School: Mt Tabor
High School: Franklin
Zoning: RM2
618 days on market

VestorFilter™

Price per unit$241.7K/unit
Price per ft²$267.33/ft²
Recent price drop$25,000
Time on market618 days

Property Description

MT TABOR craftsman duplex! Large bright units. Main floor unit has 3bed + 2bath large living room featuring hardwood flooring and fireplace, Large dining room, quaint kitchen and in-unit w/d. Upper unit features new LVP, 1bed plus nice living and dining space with upper deck with West Hills views & w/d. Excellent location with strong rental history. Opportunity for long term development w/ 20+units (RM2). Near New Seasons, restaurants, shops and more.

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

Financial Data

Date Sold2022-10-14
Sold Price$725,000
Price ChangeDropped $25,000 on 01/22/2024
Total $50,000 drop
Original Price$775,000
Current Price$725,000
Property Taxes$6,525

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Home Facts

StatusSold
Year Built1911
Stories3
Exterior Features
MLS ID22051665

Unit Details

Unit 1
Unit 2