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Listed by Premiere Property Group, LLC
$799,900
Est. payment /mo
10,018 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Montavilla
MLS Listing ID 502946846
Year Built 1950
Annual Tax Amount $8,819
Tax Year 2025
Lot Size 10,018 Sqft
Property Description
Strong investment opportunity with immediate income potential in Montavilla! This property, situated on a double lot with excellent development upside, was purchased as a gorgeous mid-century with a shop. The home is split into two units, in addition to the shop converted into a cottage. The main home has been configured into two separate living spaces, offering seven total bedrooms – four on the main level and three on the lower – each rented individually. The former shop has been transformed into a detached one-bedroom one-bathroom unit with tall ceilings, bringing the total to eight income-producing tenants. Each unit is equipped with its own kitchen, washer/dryer, and water heater. Positioned on a spacious corner lot, this property offers significant flexibility for future expansion or redevelopment with possibility of building a new home in front of the detached extended living space. Sellers have nearly completed the lot partition – only utility adjustments to be finalized. Located in the vibrant Montavilla neighborhood with a 98 Bike Score, enjoy easy access to freeways, tons of shopping, dining, transportation, plus convenient to all that Mt Tabor has to offer! Tenant occupied, please DO NOT walk property or disturb tenants.
Location
State OR
County Multnomah
Area _143
Zoning R5
Rooms
Basement Finished
Interior
Heating Forced Air, Mini Split
Cooling Central Air, Mini Split
Exterior
Roof Type Composition,Metal
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Vestal
Middle Schools Harrison Park
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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NEARBY SCHOOL & BUSINESS