2703 SE 32ND AVE, Portland, OR 97202 | 21504748 | Prime Alliance Real Estate Services

2703 SE 32ND AVE $1,248,000

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    2703 SE 32ND AVE Portland, OR 97202

    • 5 Beds
    • 4 Baths
    • Multi-Family
    • Listing# 21504748
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    Views: 22 Days On Site: 14

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    Property Details

    Description Tours

    This is the jewel box investment you have been waiting for! Perched high above the street in the heart of Southeast Portland's most desirable rental neighborhood, this Division/Clinton Mid-Century 4plex has been impeccably maintained & boasts vintage charm, pride of ownership & upside potential through utilization of Portland's recent zoning changes. Solid rental history & additional income via laundry and garage combined with modernized systems result in a turn key investment in an A+ location.

    • General Features
      • Area Portland Southeast
      • Bank Owned Y/N No
      • Capitalization Rate 5.10
      • Cooling Description None
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 81195
      • Gross Rent Multiplier 15.37
      • Heating Description Baseboard
      • Hot Water Description Electricity
      • Net Income Actual 63689
      • Number Of Units Total 4
      • Occupancy Types Month To Month,Vacant
      • Operating Expenses Actual 17506
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 1
      • Supplement Number 0
      • Tax Amount 8263.74
      • Terms Call Listing Agent,Cash,Conventional
      • Third Party Approval Y/N No
      • Utilities Included Trash Collection,Water
      • View Y/N No
      • Water Description Public
      • Year Built 1949
      • Zoning R2.5
    • Building Features
      • Basement Exterior Entry,Unfinished,Storage Space
      • Basement1 Concrete Perimeter
      • Common Amenities Laundry
      • Exterior Description Brick
      • SqFt Approximate Building Total 2480
      • Storage Individual Storage Units,Basement
      • 1 1
      • 1 1
      • 1 Dishwasher,Hardwood Floors,Range,Refrigerator
      • 1 648
      • 1 1
      • 2 1
      • 2 1
      • 2 Dishwasher,Hardwood Floors,Range,Refrigerator
      • 2 504
      • 2 1
      • 3 1
      • 3 1
      • 3 Hardwood Floors,Range,Refrigerator,Window Coverings
      • 3 549
      • 3 1
      • 4 1
      • 4 2
      • 4 Hardwood Floors,Range,Refrigerator,Window Coverings
      • 4 779
      • 4 1
      • 4 1675
      • UnitFeatures Dishwasher,Hardwood Floors,Range,Refrigerator,Window Coverings
      • UnitTypeType 1,2,3,4
    • Room Features
      • Legal Description EAST PORTLAND HTS, BLOCK 14, E 60' OF LOT 1&2
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description Corner Lot
      • Lot Size 5,000 to 6,999 SqFt
      • Property Category Multi-Family
      • Roof Type Composition
    • Schools
      • Elementary School Abernethy
      • High School Cleveland
      • Middle School Hosford

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    Neighborhood

    97202 (Portland) Demographics

    35 Median Age
    6,582 Population Density (per sq. mile)
    65% College Educated
    $61,768 Estimated Median Income
    8,860 Estimated Total Home Owners
    9,150 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    41,719 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $592,500 Median Sales Price
    57 Homes Sold
    99 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,248,000
        7/27/2021 10:06:13 AM Status Changed Source: Multiple Listing Service New Value: Pending
        7/21/2021 3:07:00 PM New in Database Source: Multiple Listing Service New Value: $1,248,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        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 Prime Alliance Real Estate Services are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2021 RMLS™, Portland, Oregon. This content last updated on 8/4/2021 10:52:12 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.