3716 Southeast Belmont Street

Portland, OR 97214

$529,000
Price
—
Beds
2,172 Sq. Ft.
$244 / Sq. Ft.
2,172
Sq. Ft.
$244
per Sq. Ft.

Open: 9/14 10:00AM - 02:00PM

Open: 9/14 10:00AM - 02:00PM

Description

Saturday Only! Enjoy the yearly Belmont Street Fair event and visit the OPEN HOUSE 10-2PM Come experience what this location has to offer! Investment opportunity of a lifetime in the heart of the hip and vibrant Belmont District. NO HOA's! Legal duplex offering 2 comfortable 1 Bedroom 1 Bath units. (Projected CAP rate of 4.4 based on projected rent) Be greeted by the inviting light filled living spaces, a well-designed layout with high ceilings and built-in storage. The use of space is maximized,...Saturday Only! Enjoy the yearly Belmont Street Fair event and visit the OPEN HOUSE 10-2PM Come experience what this location has to offer! Investment opportunity of a lifetime in the heart of the hip and vibrant Belmont District. NO HOA's! Legal duplex offering 2 comfortable 1 Bedroom 1 Bath units. (Projected CAP rate of 4.4 based on projected rent) Be greeted by the inviting light filled living spaces, a well-designed layout with high ceilings and built-in storage. The use of space is maximized, creating a comfortable and functional atmosphere that is sure to inspire your personal touches. Original hardwood floors add warmth to the interiors, enhancing the overall charm of the units. The large unfinished basement offers a versatile space that provides ample storage options and shared laundry facilities. With its separate entrance, the basement opens up possibilities for expansion or additional income opportunities. The upper unit is currently occupied by a solid, leased tenant. Please respect their privacy and note that offers are subject to interior inspection of Unit B. The lower unit is vacant, presenting the perfect opportunity for an owner-occupied investment. Consider the exciting prospect of a fun reno project, restoring this gem to its former glory in an unbeatable location! Location is everything, and this duplex does not disappoint. Nestled in the highly coveted Belmont Conveniently located to trendy eateries, vibrant cafes, and eclectic shops and more. Everything you need is within easy reach. Outside you'll discover a fenced backyard, providing a private oasis for outdoor enjoyment w/ plenty of room to indulge your green thumb or create a parking area accessed by the long shared driveway. Unlock the endless possibilities of this remarkable duplex, from generating rental income to accessing potential for future development!
  1. Listed by Amy Bebo • John L. Scott Portland Central • neportland@johnlscott.com

Property Details for 3716 Southeast Belmont Street

Subdivision
SUNNYSIDE/HAWTHORNE
Parking Features
Off Street, On Street
Zoning
RM2

Open Houses

Saturday, Sep 14th

10:00 AM - 2:00 PM

Public

LISTING UPDATED: 09/13/2024 03:28 AM

Property Details for 3716 Southeast Belmont Street

StatusActive
MLS #24136929
Days on Market128
Taxes$5,391 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1903
Lot Size0.08 AC / 3,484 SF
CountyMultnomah County

Building Information for 3716 Southeast Belmont Street

Stories2Residences2Year Built1903Building Size-Lot Size0.08 AC / 3,484 SF

Property Information for 3716 Southeast Belmont Street

Summary
Location and General Information
  • Country: US
  • Directions: 37th & SE Belmont
  • Road Surface: Paved
School Information
  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env
Taxes and HOA
  • Management Name: Occupied
  • Management Phone: 503-757-9311
  • Tax Year: 2023
  • Tax Annual Amount: $5,390.63
  • Parcel Number: R281136
  • Tax Legal Description: SUNNYSIDE & PLAT 2 & 3, BLOCK 70, LOT 3
Property
Lot Information
  • Acres: 0.08
  • Lot Description: Commons, Level, On Busline
  • Lot Size Square Feet: 3484.0
  • 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: Existing
  • Year Built: 1903
Utilities
  • Cooling Description: None
  • Fuel Description: Gas
  • Heating Description: Forced Air, Wall Furnace
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Asbestos, Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Exterior Entry, Full Basement, Storage Space
  • Foundation Details: Concrete Perimeter, Other
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $35,160.00
  • Gross Income Projected: $35,160.00
  • Gross Rent Multiplier: $15.05
  • Investor Information: According To Owner
  • Net Income Actual: $24,160.00
  • Net Income Projected: 35160
  • Operating Expenses Projected: $10,000.00
  • Operating Expense: $10,000.00
  • Security Features: None
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • Common Amenities: Commons, Laundry
  • SqFt Approximate Building Total: 2172
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Hardwood Floors, Range, Refrigerator, Window Coverings
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 824.0
  • 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: Hardwood Floors, Range, Unfurnished, Window Coverings
  • Unit Type 2 Rent: $1,430
  • Unit Type 2 SqFt: 748.0
  • Unit Type 2 Units Total: 1

Property History for 3716 Southeast Belmont 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 3716 Southeast Belmont Street

Taxable ValueLand-Additions-Total-
Tax Record2023$5,391 ($449 / month)
Home Facts
Baths2Total Finished SqFt1,572 SqFtAbove Grade Finished SqFt1,572 SqFtUnfinished Basement SqFt600 SqFtStories1Lot Size3,333 SqFtStyleDuplexYear Built1903ZoningR1CountyMULTNOMAHAPN1S1E01AA 20200Fireplace TypeHas Fireplace

Schools near 3716 Southeast Belmont Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Sunnyside Environmental School
Public - K to 8
Franklin High School
Public - 9 to 12
Richmond Elementary School
Public - PK to 5
Da Vinci Middle School
Public - 6 to 8
Rating
School
Distance
Sunnyside Environmental School
PublicK to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

Da Vinci Middle School
Public6 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 3716 Southeast Belmont Street, Portland, OR 97214

3716 Southeast Belmont Street is a multi-family home for sale in Portland, OR 97214. This property was listed for sale on May 9, 2024 by John L. Scott Portland Central, it's currently listed at $529,000. It has been on the market for a total of 128 days and was last sold on June 26, 2006. This listing's school district is Portland School District 1j. Nearby schools include Sunnyside Environmental School, Franklin High School and Richmond Elementary School. 3716 Southeast Belmont Street is a 0-bed, 0-bath, 2,172 sqft multi-family home built in 1903.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott Portland Central

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: 09/13/2024 03:28 AM