3051 SE BELMONT ST, Portland, OR 97214

$815,000
List Price
$815,000
Days on Market
11
MLS#
21445572
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Southeast
City
Portland
Status
Active

Property Description

Well maintained 4plex in Hot Belmont location. Close to all the amenities that Belmont has to offer. Six blocks from Laurelhurst Park. One unit remodeled in 2019. Secure individual storage in the basement with outside access. Additional storage units available for potential additional income. Individual gas and electric. 3 of the 4 units have gas ranges. Radon test done & sewer line replaced in 2018. Virtual Tour Available.

Additional Information

Tax Amount
$7,529
Year Built
1914
High School
Franklin
Elementary School
Sunnyside Env
Middle School
Sunnyside Env
Stories
2
Subdivision
Belmont District
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Electricity
Heating Description
Forced Air
Hot Water Description
Electricity
Exterior Description
Cement Siding
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
3298
Capitalization Rate
4.37
Operating Expenses Actual
20471
Gross Income Actual
56640
Gross Rent Multiplier
14.39
Net Income Actual
35646
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1300
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1195
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
1150
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Rent
1075
Unit Type Four Units Total
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Township Properties.

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