5108 Northeast Glisan Street

5108 Northeast Glisan Street

Portland, OR 97213

$639,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

Embrace History: Historic Duplex with Expansion Potential. Transport yourself to Portland's past with this impeccably preserved 1884 duplex a unique investment opportunity blending vintage charm with modern potential. Professionally managed for a hassle-free experience, the property boasts full occupancy, strategically situated across from Providence Hospital, Oregon's largest employer. Nestled in a vibrant locale with renowned restaurants, coffee shops, and the promise of steady income, this duplex...Embrace History: Historic Duplex with Expansion Potential. Transport yourself to Portland's past with this impeccably preserved 1884 duplex a unique investment opportunity blending vintage charm with modern potential. Professionally managed for a hassle-free experience, the property boasts full occupancy, strategically situated across from Providence Hospital, Oregon's largest employer. Nestled in a vibrant locale with renowned restaurants, coffee shops, and the promise of steady income, this duplex stands out. Additional perks include on-site laundry potential, off-street parking, and RM2 zoning for potential expansion AND offering a remarkable Capitalization Rate exceeding 5%. Don't miss the chance to own a piece of Portland's history with this lucrative investment. Contact us today to explore the endless possibilities of this timeless property!
  1. Listed by Joe Spanish • Windermere Realty Trust • 503-860-2805

Property Details for 5108 Northeast Glisan Street

Parking Features
Assigned
Zoning
RM2
Parking Total
1.00

Location

Listing Courtesy of Windermere Realty Trust
Add your commute
LISTING UPDATED: 05/01/2024 02:46 AM

Property Details for 5108 Northeast Glisan Street

StatusActive
MLS #23300112
Days on Market146
Taxes$4,881 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1884
Lot Size-
CountyMultnomah County

Location

Listing Courtesy of Windermere Realty Trust
Add your commute

Building Information for 5108 Northeast Glisan Street

Stories-Residences2Year Built1884Building Size-Lot Size-

Payment Calculator

$3,894 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,487

Property Taxes

$407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5108 Northeast Glisan Street

Summary
Location and General Information
  • Country: US
  • Directions: NE Glisan between 52nd and 49th
  • Road Surface: Concrete
School Information
  • Elementary School: Laurelhurst
  • High School: Grant
  • Middle Or Junior School: Laurelhurst
Taxes and HOA
  • Tax Year: 2022
  • Tax Annual Amount: $4,880.65
  • Parcel Number: R130627
  • Tax Legal Description: CENTER ADD, BLOCK 4, LOT 3 EXC PT IN ST
Property
Lot Information
  • Lot Description: Gentle Sloping
  • 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: Restored
  • Year Built: 1884
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Gas, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Shingle Siding
Interior Features
  • Basement: Full Basement
  • Foundation Details: Block, Concrete Perimeter
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $45,600.00
  • Gross Income Projected: $456,000.00
  • Gross Rent Multiplier: $14.01
  • Investor Information: According To Owner
  • Net Income Actual: $36,000.00
  • Net Income Projected: 36000
  • Operating Expense: $9,600.00
  • Security Features: None
  • Storage: Attached
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • Common Amenities: Laundry
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Wood Floors
  • Unit Type 1 Rent: $2,400
  • Unit Type 1 SqFt: 1738.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 0
  • Unit Type 2 Rent: $1,400
  • Unit Type 2 SqFt: 720.0
  • Unit Type 2 Units Total: 1

Schools near 5108 Northeast Glisan Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Laurelhurst Elementary School
Public - K to 8
Grant High School
Public - 9 to 12
Portland Arthur Academy Charter School
Charter - K to 5
Da Vinci Middle School
Public - 6 to 8
Rating
School
Distance
Laurelhurst Elementary School
PublicK to 8

Grant High School
Public9 to 12

Portland Arthur Academy Charter School
CharterK 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 5108 Northeast Glisan Street, Portland, OR 97213

5108 Northeast Glisan Street is a multi-family home for sale in Portland, OR 97213. This property was listed for sale on December 7, 2023 by Windermere Realty Trust, it's currently listed at $639,000. This listing's school district is Portland School District 1j. Nearby schools include Laurelhurst Elementary School, Grant High School and Portland Arthur Academy Charter School. 5108 Northeast Glisan Street is a 0-bed, 0-bath, multi-family home built in 1884.

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 Windermere Realty Trust

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: 05/01/2024 02:46 AM