5105 Southeast Tibbetts Street

5105 Southeast Tibbetts Street

Portland, OR 97206

$825,000
Price
—
Beds
3,420 Sq. Ft.
$241 / Sq. Ft.
3,420
Sq. Ft.
$241
per Sq. Ft.
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Description

Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.4% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify...Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.4% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. No Showings, please contact the listing agent for Open House information or questions. DND Tenants.
  1. Listed by Michael Kafoury • Urban Nest Realty

Property Details for 5105 Southeast Tibbetts Street

Subdivision
SOUTH TABOR
Parking Features
Driveway, Off Street
Zoning
R2.5
View
Seasonal
Parking Total
3.00

Location

Listing Courtesy of Urban Nest Realty
Add your commute
LISTING UPDATED: 04/20/2024 11:47 AM

Property Details for 5105 Southeast Tibbetts Street

StatusActive
MLS #24287734
Days on Market42
Taxes$6,443 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1956
Lot Size0.13 AC / 5,662 SF
CountyMultnomah County

Location

Listing Courtesy of Urban Nest Realty
Add your commute

Building Information for 5105 Southeast Tibbetts Street

Stories-Residences3Year Built1956Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$5,039 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$537

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5105 Southeast Tibbetts Street

Summary
Location and General Information
  • Country: US
  • Directions: S from Division on 51st
  • Road Surface: Concrete, Paved
School Information
  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $6,442.61
  • Parcel Number: R142608
  • Tax Legal Description: CRESTON, BLOCK 1, S 5' OF LOT 7, LOT 8
Property
Lot Information
  • Acres: 0.13
  • Lot Description: Corner Lot, Level
  • Lot Size Square Feet: 5662.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1956
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Gas, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Shake Siding
  • Roof Type: Composition
Interior Features
  • Basement: Full Basement, Partially Finished, Separate Living Quarters Apartment Aux Living Unit
  • Foundation Details: Concrete Perimeter
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $58,944.00
  • Gross Rent Multiplier: $14.00
  • Net Income Actual: $44,244.00
  • Operating Expense: $14,700.00
  • Storage: Basement, Locked
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 3420
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Hardwood Floors, Range, Storage, Washer Dryer
  • Unit Type 1 Rent: $2,032
  • Unit Type 1 SqFt: 875.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Hardwood Floors, Storage, Washer Dryer
  • Unit Type 2 Rent: $1,250
  • Unit Type 2 SqFt: 1150.0
  • 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: Air Conditioning, Refrigerator, Storage, Washer Dryer
  • Unit Type 3 Rent: $1,630
  • Unit Type 3 SqFt: 855.0
  • Unit Type 3 Units Total: 1

Schools near 5105 Southeast Tibbetts Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Creston Elementary School
Public - K to 8
Franklin High School
Public - 9 to 12
Richmond Elementary School
Public - PK to 5
Portland Arthur Academy Charter School
Charter - K to 5
Rating
School
Distance
Creston Elementary School
PublicK to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

Portland Arthur Academy Charter 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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More information about 5105 Southeast Tibbetts Street, Portland, OR 97206

5105 Southeast Tibbetts Street is a multi-family home for sale in Portland, OR 97206. This property was listed for sale on April 11, 2024 by Urban Nest Realty, it's currently listed at $825,000. This listing's school district is Portland School District 1j. Nearby schools include Creston Elementary School, Franklin High School and Richmond Elementary School. 5105 Southeast Tibbetts Street is a 0-bed, 0-bath, 3,420 sqft multi-family home built in 1956.

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 Urban Nest Realty

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: 04/20/2024 11:47 AM