1035 Southeast 14th Avenue

1035 Southeast 14th Avenue

Portland, OR 97214

$1,050,000
Price
—
Beds
2,824 Sq. Ft.
$372 / Sq. Ft.
2,824
Sq. Ft.
$372
per Sq. Ft.
a city view
an aerial view of a house with a swimming pool
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a view of a livingroom with wooden floor and chandelier
a view of a hallway with wooden floor and chandelier
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a view of a hallway with wooden floor
a kitchen with a sink cabinets and stainless steel appliances
a bathroom with a shower and a sink
a kitchen with stainless steel appliances granite countertop a sink and cabinets
a kitchen with stainless steel appliances granite countertop a sink cabinets and wooden floor
a kitchen with stainless steel appliances a refrigerator sink and cabinets
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a view of empty room with wooden floor
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a view of an empty room with wooden floor and a window
a kitchen with stainless steel appliances a refrigerator and a stove
a kitchen with sink and cabinets
a bathroom with a sink toilet and shower
a bathroom with a glass shower door
a view of a hallway with wooden floor and a bathroom
a view of an empty room
a kitchen that has a sink and a stove
a view of an empty room with wooden floor and a window
a kitchen with a refrigerator and cabinets
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a view of an empty room with wooden floor
a bathroom with a toilet sink and mirror
a kitchen with a refrigerator and wooden floor
a bathroom with a sink a toilet and shower
a large kitchen with cabinets and stainless steel appliances
a view of a refrigerator in a room
a view of an empty room
a view of an empty room
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Description

Charming fully restored 6-unit building situated in Buckman neighborhood between popular Belmont and Hawthorne shops and restaurants. Walkers paradise: 96 & Bikers paradise: 97. 2018 studs out remodel included electrical wiring/panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room and kitchens with new cabinets, quartz countertops and stainless appliances. New roof in 2020 and common area windows in 2021. Unit mix is comprised of three (3) 1 bed / 1 bath units,...Charming fully restored 6-unit building situated in Buckman neighborhood between popular Belmont and Hawthorne shops and restaurants. Walkers paradise: 96 & Bikers paradise: 97. 2018 studs out remodel included electrical wiring/panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room and kitchens with new cabinets, quartz countertops and stainless appliances. New roof in 2020 and common area windows in 2021. Unit mix is comprised of three (3) 1 bed / 1 bath units, one (1) 2 bed / 1 bath unit and two studios upstairs sharing one bath. Prime close-in investment opportunity to acquire a turn-key well performing asset in a strong Portland submarket. Subject property currently achieves gross monthly rents of $7,665 per month + 2023 utility reimbursements averaging ~$536 per month. Projected 2024 Effective Gross Income (EGI) of ~$96,553. Stabilized expense load of ~39% provides an Net Operating income of ~$58,712.
  1. Listed by Cory Carlson • Constant Commercial Real Estate Inc • 503-222-0282

Property Details for 1035 Southeast 14th Avenue

Zoning
R2.5
Parking Total
.00

Location

Listing Courtesy of Constant Commercial Real Estate Inc
Add your commute
LISTING UPDATED: 02/29/2024 03:48 PM

Property Details for 1035 Southeast 14th Avenue

StatusActive
MLS #24185516
Days on Market62
Taxes$11,527 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1908
Lot Size0.06 AC / 2,613 SF
CountyMultnomah County

Location

Listing Courtesy of Constant Commercial Real Estate Inc
Add your commute

Building Information for 1035 Southeast 14th Avenue

Stories-Residences6Year Built1908Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$6,691 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$961

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1035 Southeast 14th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: West Corner of SE Taylor and SE 14th
  • Road Surface: Concrete
School Information
  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $11,527.46
  • Parcel Number: R176951
  • Tax Legal Description: HAWTHORNE PK, BLOCK 287, E 1/2 OF LOT 5, S 4.5' OF E 1/2 OF LOT 6
Property
Lot Information
  • Acres: 0.06
  • Lot Description: Level
  • Lot Size Square Feet: 2613.0
  • 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: 1908
Utilities
  • Cooling Description: Wall Unit
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cedar
  • Roof Type: Composition
Interior Features
  • Basement: Finished
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Gross Income Actual: $99,312.00
  • Gross Rent Multiplier: $10.57
  • Investor Information: According To Owner, Annual Property Operation Data, Profit Loss Statement
  • Net Income Actual: $58,712.00
  • Operating Expense: $37,778.00
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6
  • SqFt Approximate Building Total: 2824
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Wood Floors
  • Unit Type 1 Rent: $1,450
  • Unit Type 1 SqFt: 530.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Wood Floors
  • Unit Type 2 Rent: $1,295
  • Unit Type 2 SqFt: 310.0
  • 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, Wood Floors
  • Unit Type 3 Rent: $1,345
  • Unit Type 3 SqFt: 450.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 0
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator, Wood Floors
  • Unit Type 4 Rent: $925
  • Unit Type 4 SqFt: 260
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Dishwasher, Range, Refrigerator, Wood Floors
  • Unit Type 5 Rent: $950
  • Unit Type 5 SqFt: 210.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Beds Total: 2
  • Unit Type 6 Features: Deck, Dishwasher, Refrigerator, Wood Floors
  • Unit Type 6 Rent: $1,775
  • Unit Type 6 SqFt: 750.0
  • Unit Type 6 Units Total: 1

Property History for 1035 Southeast 14th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1035 Southeast 14th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$11,527 ($961 / month)
Home Facts
Baths6Total Finished SqFt2,824 SqFtAbove Grade Finished SqFt2,824 SqFtStories1Lot Size2,725 SqFtStyleMulti-Family Res (5+ Units)Year Built1908ZoningR.25CountyMULTNOMAHAPN1S1E02BD 00400Fireplace TypeHas Fireplace

Schools near 1035 Southeast 14th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Buckman Elementary School
Public - K to 5
Hosford Middle School
Public - 6 to 8
Cleveland High School
Public - 9 to 12
Le Monde French Immersion Public Charter School
Charter - K to 8
Rating
School
Distance
Buckman Elementary School
PublicK to 5

Hosford Middle School
Public6 to 8

Cleveland High School
Public9 to 12

Le Monde French Immersion Public Charter School
CharterK to 8

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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More information about 1035 Southeast 14th Avenue, Portland, OR 97214

1035 Southeast 14th Avenue is a multi-family home for sale in Portland, OR 97214. This property was listed for sale on February 29, 2024 by Constant Commercial Real Estate Inc, it's currently listed at $1,050,000. It has been on the market for a total of 62 days and was last sold on August 31, 2015. This listing's school district is Portland School District 1j. Nearby schools include Buckman Elementary School, Hosford Middle School and Cleveland High School. 1035 Southeast 14th Avenue is a 0-bed, 0-bath, 2,824 sqft multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Constant Commercial Real Estate Inc

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 © 2024 RMLS, Portland, Oregon. Last updated: 02/29/2024 03:48 PM