5136 Southeast 17th Avenue
5136 Southeast 17th Avenue
Portland, OR 97202
$2,300,000
Price
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Description
Amazing location for this 10 unit investment property! 6 2 bedroom and 4 1 bedroom units which have been remodeled to include newer cabinets, granite countertops, tile flooring along with laminate flooring, and fresh coat of paint in each unit as well as the exterior of the building. Steady income producing property with room to raise rents. Potential development opportunity of up to 60 units. Buyer to do their due diligence. Seller to do 1031 exchange at no cost to the buyer.Amazing location for this 10 unit investment property! 6 2 bedroom and 4 1 bedroom units which have been remodeled to include newer cabinets, granite countertops, tile flooring along with laminate flooring, and fresh coat of paint in each unit as well as the exterior of the building. Steady income producing property with room to raise rents. Potential development opportunity of up to 60 units. Buyer to do their due diligence. Seller to do 1031 exchange at no cost to the buyer.
- Listed by George Bitrous • 24/7 Properties • Stacey@247prop.com
Property Details for 5136 Southeast 17th Avenue
Parking Features
Paved
ZoningCE
ViewCity
Garage Spaces.00
Location
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LISTING UPDATED: 03/26/2024 03:55 PM
Property Details for 5136 Southeast 17th Avenue
| Status | Active |
|---|---|
| MLS # | 24387000 |
| Days on Market | 82 |
| Taxes | $16,947 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1975 |
| Lot Size | 0.23 AC / 10,018 SF |
| County | Multnomah County |
Location
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Building Information for 5136 Southeast 17th Avenue
Stories2Residences10Year Built1975Building Size-Lot Size0.23 AC / 10,018 SF
Payment Calculator
$13,964 per month
30 year fixed, 7.25% Interest
Principal and Interest
$12,552
Property Taxes
$1,412
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 5136 Southeast 17th Avenue
Summary
Location and General Information
- Country: US
- Directions: S 99 to 17th ave
- Road Surface: Paved
School Information
- Middle Or Junior School: Sellwood
Taxes and HOA
- Tax Year: 2023
- Tax Annual Amount: $16,946.70
- Parcel Number: R181781
- Tax Legal Description: HOLGATE ADD, BLOCK 8, LOT 4&5
Property
Lot Information
- Acres: 0.23
- Lot Description: Level
- Lot Size Square Feet: 10018.0
- Lot Size Range: Sq Ft10000to14999
- Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Updated Remodeled
- Year Built: 1975
Utilities
- Cooling Description: None
- Fuel Description: Electricity
- Heating Description: Baseboard, Wall Heater
- Hot Water Description: Electricity
- Sewer Description: Public Sewer
- Rent Includes: None
Interior and Exterior Features
Exterior Features
- Exterior Description: Cement Siding
- Roof Type: Composition
Interior Features
- Basement: Crawl Space
- Foundation Details: Concrete Perimeter
- Stories: 2
Multi Family
Multi-Family Information
- Number Of Units Total: 10
- Gross Income Actual: $142,559.00
- Gross Income Projected: $249,792.00
- Gross Rent Multiplier: $16.13
- Investor Information: According To Owner
- Net Income Actual: $105,260.00
- Net Income Projected: 157369
- Operating Expenses Projected: $92,423.00
- Operating Expense: $37,299.00
- Storage: Attached
- Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
- Common Amenities: Laundry
Unit 1 Information
- Unit Type 1 Baths Total: 1
- Unit Type 1 Beds Total: 1
- Unit Type 1 Features: Dishwasher, Range, Refrigerator
- Unit Type 1 Rent: $1,475
- Unit Type 1 SqFt: 650.0
- 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
- Unit Type 2 Rent: $1,325
- Unit Type 2 SqFt: 650.0
- 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
- Unit Type 3 Rent: $1,325
- Unit Type 3 SqFt: 650.0
- Unit Type 3 Units Total: 1
Unit 4 Information
- Unit Type 4 Baths Total: 1
- Unit Type 4 Beds Total: 1
- Unit Type 4 Features: Dishwasher, Range, Refrigerator
- Unit Type 4 Rent: $1,400
- Unit Type 4 SqFt: 650
- Unit Type 4 UnitsTotal: 1
Unit 5 Information
- Unit Type 5 Baths Total: 1
- Unit Type 5 Beds Total: 2
- Unit Type 5 Features: Dishwasher, Range, Refrigerator
- Unit Type 5 Rent: $1,450
- Unit Type 5 SqFt: 800.0
- 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: Dishwasher, Range, Refrigerator
- Unit Type 6 Rent: $1,800
- Unit Type 6 SqFt: 800.0
- Unit Type 6 Units Total: 1
Unit 7 Information
- Unit Type 7 Baths Total: 1
- Unit Type 7 Beds Total: 2
- Unit Type 7 Features: Dishwasher, Range, Refrigerator
- Unit Type 7 Rent: $1,600
- Unit Type 7 SqFt: 800
- Unit Type 7 Units Total: 1
Unit 8 Information
- Unit Type 8 Baths Total: 1
- Unit Type 8 Beds Total: 2
- Unit Type 8 Features: Dishwasher, Range, Refrigerator
- Unit Type 8 Rent: $1,800
- Unit Type 8 SqFt: 800.0
- Unit Type 8 Units Total: 1
Unit 9 Information
- Unit Type 9 Baths Total: 1
- Unit Type 9 Beds Total: 2
- Unit Type 9 Features: Dishwasher, Range, Refrigerator
- Unit Type 9 Rent: $1,535
- Unit Type 9 SqFt: 800.0
- Unit Type 9 Units Total: 1
Unit 10 Information
- Unit Type 10 Baths Total: 1
- Unit Type 10 Beds Total: 2
- Unit Type 10 Features: Dishwasher, Range, Refrigerator
- Unit Type 10 Rent: $1,475
- Unit Type 10 SqFt: 800.0
- Unit Type 10 Units Total: 1
Public Records for 5136 Southeast 17th Avenue
Taxable ValueLand-Additions-Total-
Tax Record2017$13,398 ($1,116 / month)
Home Facts
Baths10Above Grade Finished SqFt6,924 SqFtStories2Lot Size10,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1975Year Renovated1975ZoningCMCountyMULTNOMAHAPNR181781
Schools near 5136 Southeast 17th Avenue
This home is within Portland School District 1j.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Llewellyn Elementary School PublicK to 5 | ||
Sellwood Middle School Public6 to 8 | ||
Cleveland High School Public9 to 12 | ||
Winterhaven School PublicK 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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