645 SW SHERMAN ST, Portland, OR 97201

$465,000
Sold Price
$465,000
List Price
$550,000
Closing Date
Apr 15, 2019
Days on Market
33
MLS#
19520992
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland West, Raleigh Hills
Status
Sold

Property Description

Excellent investment opportunity in the heart of it all! This Duplex property was built in the late 1880's and has been owned by the same family for many decades. Spacious units with city views from upstairs bedrooms. One unit is vacated, the other unit is currently leased - tenant would like to stay. Future development possibilities are seemingly endless with RH Zoning! Close proximity to OHSU, PSU, I-405, & downtown Portland.

Additional Information

Tax Amount
$9,214
Year Built
1890
High School
Lincoln
Elementary School
Ainsworth
Middle School
West Sylvan
Garage Spaces
2
Stories
3
Subdivision
South Portland
Terms
Cash, Conventional
Basement Foundation
Full Basement
Cooling Description
None
Fuel Description
Gas
Heating Description
Forced Air 95+%
Hot Water Description
Gas
Exterior Description
Vinyl Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
City
Cumulative Days On Market
33
Sq Ft Approximate Building Total
4010
Capitalization Rate
4.46
Operating Expenses Actual
12671
Gross Income Actual
37200
Gross Rent Multiplier
14.78
Net Income Actual
24529
Occupancy Types
Leased, Vacant
Utilities Included
Trash Collection, Sewer, Water
Parking Description
Attached, Garage
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1500
Unit Type One Sq Ft
1955
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
3
Unit Type Two Rent
1600
Unit Type Two Sq Ft
2055
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Windermere Realty Trust. Selling Office: Premiere Property Group, LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.