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.
Details
| MLS # | 502946846 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 179 |
| Listing Provided By | Premiere Property Group, LLC | John McKay |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | R5 |
| Acreage | 0.23 |
Interior
| Heating | Forced Air, Mini Split |
|---|---|
| Heating Yn | Yes |
| Cooling | Central Air, Mini Split |
| Cooling Yn | Yes |
Exterior
| Roof | Composition, Metal |
|---|---|
| Security Features | Security Lights |
| Foundation Details | Concrete Perimeter |
| Lot Features | Corner Lot, Level |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Property | 8819 |
|---|
Area Information
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97216 |
| Community Name | MONTAVILLA |
| School District | Leodis McDaniel |
| Elementary School | Vestal |
| High School | Leodis McDaniel |
| Listing VS Median (in MONTAVILLA) | |
Price: $770,000 low | high Med: $399,900 On site: 179 low | high Med: 98 | |
Market Activity 97216
Request a showing
Request a showing
Contact
Learn More About This Property
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97216 |
| Community Name | MONTAVILLA |
| School District | Leodis McDaniel |
| Elementary School | Vestal |
| High School | Leodis McDaniel |
| Listing VS Median (in MONTAVILLA) | |
Price: $770,000 low | high Med: $399,900 On site: 179 low | high Med: 98 | |
 | $770,000144 Se 85th AvePortland, OR 97216 |
 | $650,000202 Se 84th AvePortland, OR 97216 |
 | $420,00095 Se 87th AvePortland, OR 97216 |
 | $224,900Se Burnside StPortland, OR 97216 |
 | $1,550,0008428 E Burnside StPortland, OR 97216 |