903 SE FRANKLIN ST, Portland, OR 97202

$674,950
List Price
$674,950
Days on Market
58
MLS#
21356073
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland Southeast
Status
Active

Property Description

Don't miss this rare offering of 2 "detached" homes on a corner lot in the hip Brooklyn neighborhood. 903 vacant Nov 1, 2021 for ideal for owner occ or an investment. "Both" homes have been tastefully updated-corner unit #903 has 2 bed/1 bath, full basement & rents for $1700/month, market rent is $2200 and can rent for more. Unit #915 has 2 beds/2 baths (no basement) & rents for $1800/month. Both have ample onsite storage & on-street parking.

Additional Information

Tax Amount
$5,173
Year Built
1900
High School
Cleveland
Elementary School
Grout
Middle School
Hosford
Stories
1
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Other
Heating Description
Other
Hot Water Description
Electricity, Gas
Exterior Description
Wood Siding
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
2370
Capitalization Rate
6.22
Gross Income Actual
42000
Gross Rent Multiplier
16.07
Net Income Actual
42000
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1700
Unit Type One Sq Ft
1634
Unit Type One Units Total
1
Unit Type Two Baths Total
2
Unit Type Two Beds Total
2
Unit Type Two Rent
1800
Unit Type Two Sq Ft
736
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hardy Properties.

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