639 NE 81ST AVE, Portland, OR 97213 | 21627950 | Prime Alliance Real Estate Services

639 NE 81ST AVE $450,000

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    639 NE 81ST AVE Portland, OR 97213

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • Listing# 21627950
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    Views: 15 Days On Site: 51

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    Property Details

    Unique income opportunity in the Montavilla neighborhood. Home is currently being used as an Oxford House. Stable rental history. Tenant pays water, sewer, garbage and electricity. Owner pays taxes and insurance. House could also easily be converted back to a single family residence. Over-sized lot 54'x125'. Garage could be converted to ADU?

    • General Features
      • Area Portland Northeast
      • Bank Owned Y/N No
      • Capitalization Rate 4.82
      • Country US
      • Fuel Description Oil
      • Gross Income Actual 27600
      • Gross Rent Multiplier 16.30
      • Heating Description Forced Air
      • Net Income Actual 21679
      • Number Of Units Total 0
      • Operating Expenses Actual 5921
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Subdivision MONTAVILLA
      • Supplement Number 0
      • Tax Amount 5106.10
      • Terms Cash,Conventional,FHA,VA Loan
      • Third Party Approval Y/N No
      • Utilities Included None
      • View Y/N No
      • Water Description Public
      • Year Built 1958
      • Zoning R5
    • Building Features
      • Basement1 Concrete Perimeter
      • Exterior Description Brick,Cedar,Lap Siding
    • Room Features
      • Legal Description NORTH VILLA, BLOCK 2, N 30' OF LOT 11, LOT 12
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description Level
      • Lot Size 5,000 to 6,999 SqFt
      • Property Category Multi-Family
      • Roof Type Composition
    • Schools
      • Elementary School Vestal
      • Middle School Roseway Heights

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    Neighborhood

    97213 (Portland) Demographics

    39 Median Age
    7,884 Population Density (per sq. mile)
    59% College Educated
    $64,186 Estimated Median Income
    8,380 Estimated Total Home Owners
    5,314 Estimated Total Renters
    61% / 39% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    31,889 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $556,500 Median Sales Price
    68 Homes Sold
    63 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: $450,000
        6/1/2021 3:21:20 PM Price Reduced Source: Multiple Listing Service New Value: $450,000 -3.23%
        4/28/2021 5:37:00 PM New in Database Source: Multiple Listing Service New Value: $465,000

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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 6/18/2021 11:09:38 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.