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Mike Farrell

mikehomecenter@gmail.com +1(360) 910-1926

Listed by RE/MAX Equity Group

$515,000

Est. payment - /mo

2,302 SqFt

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OPEN HOUSE

Sat Dec 07, 12:00pm - 2:00pm

UPDATED:

12/02/2024 10:01 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,302 sqft

Price per Sqft $223

Subdivision Fopo

MLS Listing ID 24511390

Year Built 1924

Annual Tax Amount $5,202

Tax Year 2024

Lot Size 4,356 Sqft

Property Description

This charming bungalow duplex offers the perfect opportunity to combine homeownership with income potential in the heart of Foster-Powell, just steps from popular bars, restaurants, and shops. The front unit features a classic bungalow layout with an open living room, formal dining area, and a spacious kitchen with an open pantry. Upstairs, you'll find two large bedrooms with beautiful wood floors, while the full basement provides laundry and extra finished storage. Gas forced-air heat adds comfort and efficiency.The second unit is a thoughtfully designed one-bedroom apartment with in-unit laundry and direct access to the shared, fenced backyard, making it ideal for rental income or extended family. With attractive loan programs available, buyers can purchase with as little as 3.5-5% down. All appliances are included, and rental estimates from a local property manager are available. Zoned CS (commercial), this property offers flexibility for residential living with potential business opportunities.Live in one unit while earning passive income from the other and enjoy the convenience of this vibrant, walkable neighborhood. Don’t miss this exceptional investment opportunity!

Location

State OR

County Multnomah

Area _143

Zoning CS

Rooms

Basement Full Basement

Interior

Heating Forced Air, Zoned

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Arleta

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 910-1926

mikehomecenter@gmail.com

4623 SE 64TH A + B AVE Portland, OR 97206