2322 SE 121ST AVEPortland, OR97216
$315,000
2 total units
$27,360 annual income
Capitilization Rate: 5.74
1520 sq. ft
SqFt7000to9999
Elementary School: Mill Park
Middle School: Floyd Light
High School: David Douglas
Zoning: RM2
817 days on market
VestorFilter™
Price per unit$157.5K/unit
Price per ft²$207.24/ft²
Recent price drop$5,000
Time on market817 days
Smart Fixer ListYes
Property Description
Value add fixer duplex on a oversize lot in SE Portland. The property consists of two 2 Bed / 1 bath units. Both have been updated on the interiors and have consistent tenant history. Situated on an .18 acre lot with RM2 zoning. This allows for medium density residential and has the potential to build additional units in the large backyards. Property to be sold as-is, seller to do no repairs.
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Financial Data
Date Sold2022-09-16
Sold Price$300,000
Price ChangeDropped $5,000 on 09/19/2022
Total $84,000 drop
Total $84,000 drop
Original Price$399,000
Current Price$315,000
Property Taxes$3,267
Find On Map
Home Facts
StatusSold
Year Built1953
Exterior Features
MLS ID22309308
Unit Details
Unit 1
Unit 2
