626-628 Northeast 75th Avenue

Portland, OR 97213

$850,000
Price
Beds
2,978 Sq. Ft.
$285 / Sq. Ft.
2,978
Sq. Ft.
$285
per Sq. Ft.

Description

Discover the epitome of urban living in the heart of vibrant northeast Portland with this stunning multi-family 4-plex. Boasting a total of 6 bedrooms and 4 bathrooms spread across 2978 square feet, this meticulously crafted investment opportunity offers both comfort and convenience. Each unit exudes updated elegance, featuring spacious layouts, sleek finishes, and abundant natural light. Whether you're an investor seeking lucrative rental opportunities or a homeowner looking for a prime property...Discover the epitome of urban living in the heart of vibrant northeast Portland with this stunning multi-family 4-plex. Boasting a total of 6 bedrooms and 4 bathrooms spread across 2978 square feet, this meticulously crafted investment opportunity offers both comfort and convenience. Each unit exudes updated elegance, featuring spacious layouts, sleek finishes, and abundant natural light. Whether you're an investor seeking lucrative rental opportunities or a homeowner looking for a prime property with income potential, this is an exceptional opportunity not to be missed. Enjoy the eclectic charm of Portland's bustling neighborhoods, renowned dining spots, and cultural attractions, all just steps from these doorsteps. Don't miss your chance to own a piece of Portland's dynamic lifestyle in this remarkable property.
  1. Listed by Friederike Svensson • eXp Realty, LLC • 503-388-5570

Property Details for 626-628 Northeast 75th Avenue

Subdivision
Brainard
Parking Features
Carport, On Street
Zoning
R5
View
City, Seasonal
Garage Spaces
1.00

Location

Listing Courtesy of eXp Realty, LLC
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LISTING UPDATED: 05/03/2024 02:58 AM

Property Details for 626-628 Northeast 75th Avenue

StatusActive
MLS #24366890
Days on Market48
Taxes$8,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1960
Lot Size0.15 AC / 6,534 SF
CountyMultnomah County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 626-628 Northeast 75th Avenue

Stories-Residences4Year Built1960Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$5,312 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$673

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 626-628 Northeast 75th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: Take NE Halsey St, NE 74th Ave, NE 75th Ave
  • Road Surface: Paved
School Information
  • Elementary School: Vestal
  • High School: Leodis Mc Daniel
  • Middle Or Junior School: Roseway Heights
Taxes and HOA
  • Management Name: Lisa Balmes
  • Management Phone: 503-901-6545
  • Tax Year: 2023
  • Tax Annual Amount: $8,079.99
  • Parcel Number: R119494
  • Tax Legal Description: BRAINARD, BLOCK 17, LOT 1 and 4
Property
Lot Information
  • Acres: 0.15
  • Lot Description: Corner Lot, Level
  • Lot Size Square Feet: 6534.0
  • 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: Existing
  • Year Built: 1960
Utilities
  • Cooling Description: None
  • Fuel Description: None
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Unfinished
  • Foundation Details: Concrete Perimeter
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $69,540.00
  • Gross Income Projected: $70,200.00
  • Gross Rent Multiplier: $12.22
  • Investor Information: Leases, Profit Loss Statement, Rent Records
  • Net Income Actual: $45,098.00
  • Net Income Projected: 45719
  • Operating Expenses Projected: $24,481.00
  • Operating Expense: $24,442.00
  • Security Features: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 2978
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Hardwood Floors, Range, Window Coverings
  • Unit Type 1 Rent: $1,360
  • Unit Type 1 SqFt: 612.0
  • 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, Hardwood Floors, Range, Window Coverings
  • Unit Type 2 Rent: $1,465
  • Unit Type 2 SqFt: 688.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Hardwood Floors, Range, Window Coverings
  • Unit Type 3 Rent: $1,450
  • Unit Type 3 SqFt: 600.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Hardwood Floors, Range, Window Coverings
  • Unit Type 4 Rent: $1,520
  • Unit Type 4 SqFt: 1000
  • Unit Type 4 UnitsTotal: 1

Property History for 626-628 Northeast 75th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 626-628 Northeast 75th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$8,080 ($673 / month)
Home Facts
Baths4Total Finished SqFt2,978 SqFtAbove Grade Finished SqFt2,978 SqFtUnfinished Basement SqFt1,000 SqFtStories1Lot Size6,600 SqFtStyleQuadraplexYear Built1960ZoningR5CountyMULTNOMAHAPN1N2E32AC 03200Fireplace TypeHas Fireplace

Schools near 626-628 Northeast 75th 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
Charter - K to 5
Rating
School
Distance
Vestal Elementary School
PublicK to 5

Roseway Heights School
Public6 to 8

Madison High School
Public9 to 12

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.

Similar Homes

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626-628 Northeast 75th Avenue is a multi-family home for sale in Portland, OR 97213. This property was listed for sale on March 16, 2024 by eXp Realty, LLC, it's currently listed at $850,000. It has been on the market for a total of 48 days and was last sold on January 5, 2016. This listing's school district is Portland School District 1j. Nearby schools include Vestal Elementary School, Roseway Heights School and Madison High School. 626-628 Northeast 75th Avenue is a 0-bed, 0-bath, 2,978 sqft multi-family home built in 1960.

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 eXp Realty, LLC

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: 05/03/2024 02:58 AM