Sold
Last Sold Price
3,920 sqft
640 SW Sherman St, Portland, OR 97201
Multi FamilyProperty Type
1882Year Built
$239/sq ftPrice per sq ft
2 carsParking Spaces

Description

Great investment opportunity in close in downtown location. Large house remodeled in 2000 and duplex built in 2005. Available plans to convert finished basement in house to a 4th unit. Great rental history with below market rents. Close to PSU, MAX, OHSU, Under Armor and Downtown Portland.Great investment opportunity in close in downtown location. Large house remodeled in 2000 and duplex built in 2005. Available plans to convert finished basement in house to a 4th unit. Great rental history with below market rents. Close to PSU, MAX, OHSU, Under Armor and Downtown Portland.
  • Listed by: Troy D Doty P.C. • Northwest Realty Source info@nwrealtysource.com
Listing closed: 09/08/2017 12:00 AM • Source: RMLS, MLS#: 17495260

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Location

Listing Courtesy of Northwest Realty Source

Sold By Oregon Realty Co.

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$5,851 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,992

Property Taxes

$860

HOA Dues

$0

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Property Information for 640 Southwest Sherman Street

Property Details
  • Taxes: $10,314 / year
  • MLS Type: Multi Family
  • Subdivision: Cruthers Additon
  • Parking Features: Attached, Garage
  • Zoning: RH
  • View: City, Territorial
  • Parking Total: 2.00
Building Information
  • Stories: 3
  • Residences: 3
  • Year Built: 1882
Summary
Location and General Information
  • Country: US
  • Directions: SW Barbur Blvd, W on Caruthers, N on SW Terwilliger, W on Sherman
School Information
  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan
Taxes and HOA
  • Tax Annual Amount: $10,313.65
  • Parcel Number: R632996
  • Tax Legal Description: CARUTHERS ADD, BLOCK 34 TL 13400
Property
Lot Information
  • Lot Description: Sloped
  • Lot Size Range: Sq Ft0Kto2999
  • Lot Size: 0K to 2,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1882
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Electricity, Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cedar, Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space, Finished
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $59,400.00
  • Gross Income Projected: $67,800.00
  • Gross Rent Multiplier: $15.98
  • Investor Information: Annual Property Operation Data, Leases, Profit Loss Statement, Utility Records Available
  • Net Income Actual: $45,737.00
  • Net Income Projected: 54137
  • Operating Expenses Projected: $13,663.00
  • Operating Expense: $13,663.00
  • Security Features: Sidewalk
  • Storage: Basement, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • SqFt Approximate Building Total: 3920
Unit 1 Information
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Fireplace, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $2,300
  • Unit Type 1 SqFt: 2600.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Hardwood Floors, Range, Washer Dryer
  • Unit Type 2 Rent: $1,500
  • Unit Type 2 SqFt: 840.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 3 Rent: $1,150
  • Unit Type 3 SqFt: 480.0
  • Unit Type 3 Units Total: 1

Schools near 640 Southwest Sherman Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Ainsworth Elementary School
PublicK to 5

West Sylvan Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Emerson School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Northwest Realty Source

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 04/07/2024 05:00 AM