203 Northeast 2nd Street

Oakland, OR 97462

$225,000
Price
Beds
1,398 Sq. Ft.
$161 / Sq. Ft.
1,398
Sq. Ft.
$161
per Sq. Ft.

Description

Adorable turn-of-the-century building in Historic Oakland tastefully converted into a quality duplex. Great rental history and recently updated. Lower unit is 771 sqft, 1 bedroom, 1 full updated bathroom, updated kitchen, new ductless HVAC, and cute covered patio - rents for $1050/month. Upper unit is 627 sqft studio with original wood floors, new ductless HVAC - rents for $850/month. Common laundry area. New roof and exterior paint. Low maintenance, easy to rent and great return. Amazing investment...Adorable turn-of-the-century building in Historic Oakland tastefully converted into a quality duplex. Great rental history and recently updated. Lower unit is 771 sqft, 1 bedroom, 1 full updated bathroom, updated kitchen, new ductless HVAC, and cute covered patio - rents for $1050/month. Upper unit is 627 sqft studio with original wood floors, new ductless HVAC - rents for $850/month. Common laundry area. New roof and exterior paint. Low maintenance, easy to rent and great return. Amazing investment opportunity for under $300K!
  1. Listed by Jacob Gilman • The Neil Company Real Estate

Property Details for 203 Northeast 2nd Street

Parking Features
Open
Zoning
GC
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City

Location

Listing Courtesy of The Neil Company Real Estate
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LISTING UPDATED: 05/23/2024 04:38 PM

Property Details for 203 Northeast 2nd Street

StatusActive
MLS #23147935
Days on Market271
Taxes$1,121 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size-
CountyDouglas County

Location

Listing Courtesy of The Neil Company Real Estate
Add your commute

Building Information for 203 Northeast 2nd Street

Stories2Residences2Year Built1900Building Size-Lot Size-

Payment Calculator

$1,321 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,228

Property Taxes

$93

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 203 Northeast 2nd Street

Summary
Location and General Information
  • Country: US
  • Directions: Front 1st St, right on Oak, left on 2nd, property on corner
  • Road Surface: Paved
School Information
  • Elementary School: Oakland
  • High School: Oakland
  • Middle Or Junior School: Lincoln
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $1,121.38
  • Parcel Number: R32227
  • Tax Legal Description: OAKLAND R R ADD, BLOCK 13, LOT 1, ACRES 0.11
Property
Lot Information
  • Lot Description: Level
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1900
Utilities
  • Cooling Description: Heat Pump
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $22,800.00
  • Gross Rent Multiplier: $9.87
  • Investor Information: According To Owner
  • Net Income Actual: $16,400.00
  • Operating Expense: $6,400.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 1398
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Range, Refrigerator, Wood Floors
  • Unit Type 1 Rent: $850
  • Unit Type 1 SqFt: 627.0
  • 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: Range, Refrigerator, Wood Floors
  • Unit Type 2 Rent: $1,050
  • Unit Type 2 SqFt: 771.0
  • Unit Type 2 Units Total: 1

Property History for 203 Northeast 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 203 Northeast 2nd Street

Taxable ValueLand-Additions-Total-
Tax Record2023$1,121 ($93 / month)
Home Facts
Total Finished SqFt771 SqFtAbove Grade Finished SqFt771 SqFtStories1Lot Size4,792 SqFtStyleMiscellaneous CommercialYear Built1900CountyDOUGLASAPN25-05W-04CA-05400

Schools near 203 Northeast 2nd Street

This home is within Oakland School District 1.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Oakland Elementary School
PublicK to 4

Lincoln Middle School
Public5 to 8

Oakland High School
Public9 to 12

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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203 Northeast 2nd Street is a multi-family home for sale in Oakland, OR 97462. This property was listed for sale on August 28, 2023 by The Neil Company Real Estate, it's currently listed at $225,000. It has been on the market for a total of 271 days and was last sold on June 9, 2021. This listing's school district is Oakland School District 1. Nearby schools include Oakland Elementary School, Lincoln Middle School and Oakland High School. 203 Northeast 2nd Street is a 0-bed, 0-bath, 1,398 sqft multi-family home built in 1900.

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 The Neil Company Real Estate

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: 05/23/2024 04:38 PM