If you need assistance, please call 503-810-3295

  • DESCRIPTION

    Great redevelopment site on corner lot. Current zoning of R1 is changing to CM2 in 2018. Excellent investment and cash flow opportunity on close-in NE 42nd. Currently a duplex that lives like a 4-plex with a detached room behind the main building built from two shipping containers. Buy and bank it with positive cash flow(6 cap rate) and develop later. See plans for unit layouts.

    KEY DETAILS
    • Price:
    • $600,000
    • Bedrooms:
    • 5
    • Square Footage:
    • 2,880
    • Acreage:
    • n/a
    • Year Built:
    • 1929
    • MLS #:
    • 18654458
    • Street Address:
    • 5135 Ne 42nd Ave
    • City:
    • Portland
    • State:
    • OR
    • Postal Code:
    • 97218
    • County:
    • Multnomah
    • Area:
    • Portland Northeast
    • Subdivision:
    • Concordia
    • Listing Status:
    • For Sale - Pending

    Building

    • Foundation:
    • Finished, Exterior Door, Partial Basement
    • Siding:
    • Vinyl, Wood
    • Stories:
    • 1
    • Total Building Square Footage:
    • 2880
    • Type Of Roof:
    • Composition
    • Unit 1 - Square Footage Available:
    • 1690
    • Unit 1 Monthly Rent:
    • 2100
    • Unit 2 - Square Footage Available:
    • 1190
    • Unit 2 Monthly Rent:
    • 1860
    • Unit Features:
    • Range, Refrigerator, Washer/Dryer
    • Unit1 Bathrooms:
    • 2
    • Unit1 Bedrooms:
    • 3
    • Unit1 Features:
    • Range, Refrigerator, Washer/Dryer
    • Unit2 Bathrooms:
    • 2
    • Unit2 Bedrooms:
    • 2
    • Unit2 Features:
    • Range, Refrigerator, Washer/Dryer
    • Year Built:
    • 1929
    • Year Built Description:
    • Approximately

    Business

    • Adjusted Gross Income:
    • 47520
    • Net Operating Income:
    • 35083

    Land

    • Conforms To Zoning:
    • Remark
    • Lot Description:
    • On Busline, Corner, Level
    • Lot Size:
    • 3, 000 To 4, 999 Sqft

    Listing

    • Days On Market:
    • 182
    • Legal Description:
    • Hilton, Block 5, Lot 40 Exc Pt In St
    • List Date:
    • 2018-02-08
    • Terms:
    • Cash, Conventional

    Money

    • Property Taxes:
    • $3,730

    Systems

    • Heating Description:
    • Forced Air
    • Heating Fuel:
    • Gas
    • Sewage Type:
    • Public
    • Utilities Included:
    • Electricity, Garbage, Heat, Sewer, Water
    • Water Heater:
    • Electricity

    Water

    • Water Amenities:
    • Public

    Source

    • Listing Provided By Urban Nest Realty

      All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 8/17/2018 5:20 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


      ORREG
    School data provided by
    GreatSchools
    REQUEST SHOWING
    SCHOOL RATINGS
    4

    VERNON ELEMENTARY SCHOOL
    Middle School
    Public

    n/a

    MOUNT VERNON MIDDLE SCHOOL
    Middle School
    Public

    4

    JEFFERSON HIGH SCHOOL
    High School
    Public

    NOTES

    No notes have been added for this home.

    CONTACT AN AGENT

    SCORECARD

    0
    PROS
    0
    CONS
    Condition
    Location
    Nearby
    Schools
    Taxes
  • Add Note
  • Add to Notebook
  • Share