Tag: Multi-family properties
Just Sold: Great Starter Home in Montavilla
1919 SE 80TH AVE
Portland, OR 97215
3 BEDROOM | 1 /0 BATH | 1737 sqft
04/27/2023 | $407,500
Just Sold: Charming Kenton Home
8701 N HAMLIN AVE
Portland, OR 97217
3 BEDROOM | 1 /0 BATH | 1394 sqft
04/21/2023 | $442,000
Just Sold: Humboldt Neighborhood 4-Plex
627-637 N Skidmore St,
Portland, OR 97217
5 BEDROOM | 4 BATH | 2322 sqft
03/23/2023 | $950,000
Just Sold: Powell Butte Beauty
14325 SE Cannon St,
Portland, OR 97236
4 BEDROOM | 3 BATH | 2745 sqft
03/14/2023 | $535,000
Just Sold: Fantastic Home for First Time Buyers!
1214 SE 86th Ave,
Portland, OR 97216
3 BEDROOM | 1 BATH | 1383 sqft
02/16/2023 | $435,000
Just Sold: Fantastic Fourplex
3203 SE Clinton St,
Portland, OR 97202
Our buyers fell in love with this lovely Portsmouth home with a fully permitted basement ADU! This home was fully renovated in 2016 to the stubs with new plumbing, electrical, furnace, ETC. The main house has 4 beds and 2 full baths, while ADU has 2 beds and 1 bathroom with private entry. Both units have large private backyards. This is a perfect opportunity for the ADU to offset mortgage payments or to have generational living. Also, with Portland’s new zoning, a second detached ADU can be built.
3 BEDROOM | 4 BATH | 4290 sqft
02/07/2023 | $984,700
Just Sold: Portsmouth Bungalow with ADU
9438 N Portsmouth Ave
Portsmouth, OR 97203
Our buyers fell in love with this lovely Portsmouth home with a fully permitted basement ADU! This home was fully renovated in 2016 to the stubs with new plumbing, electrical, furnace, ETC. The main house has 4 beds and 2 full baths, while ADU has 2 beds and 1 bathroom with private entry. Both units have large private backyards. This is a perfect opportunity for the ADU to offset mortgage payments or to have generational living. Also, with Portland’s new zoning, a second detached ADU can be built.
6 BEDROOM | 3 BATH |2106 sqft
10/20/2022 | $615,000
Just Sold: Beautiful Tigard Home with ADU
11725 SW Greenburg Rd,
Tigard, OR 97223
This beautifully maintained Bungalow is adorable & on a dead end street! It boasts a brand new roof~furnace~beautiful hardwoods under carpet~mud room~sleeping porch~gorgeous wood baseboards/trim~tons of storage & all just a few blocks away from Woodstock! It has a 70 ft long driveway to a detached garage with an additional sleeping porch. There is a ton of space with 936 SQ FT on main and 800 SQ FT partially finished basement with laundry~shower~sinks. Do not miss out on this one of a kind home!
3 BEDROOM | 2/1 BATH |2205 sqft
10/06/2022 | $637,500
Just Sold: Lake Oswego Bungalow
13880 Sundeleaf Dr,
Lake Oswego, OR 97034
Fantastic opportunity to own 0.21 acre property in central Lake Oswego. Many possibilities for this charming bungalow…update &/or expand existing home or start over & build your dream home. Two beds, one bonus/den rm, 1 bath. Living rm with oak hardwoods, kitchen + eating/dining rm, laundry rm. Large backyard, garden, tool shed with workbench, fenced. Buyers to do their due diligence regarding property use. Nearby LO schools, Springbrook Park, trails, shopping & minutes from highway / freeway.
2 BEDROOM | 1/0 BATH |1048 sqft
8/9/2022 | $440,000
Just Sold: Renovated Cully Duplex
4528 NE 72nd Ave,
Portland, OR 97218
It’s a 10…TWO TIMES! This duplex is fully renovated and an ideal fit for the owner occupier. Both sides have a prefect energy score of a 10! You can live in a swanky remodeled home and forget about inflation because you can earn a little over $1900 a month in rent from the front unit. The rear unit has access to the yard and a large storage shed. Plenty of off street parking and a fabulous remodel with high quality finishes, along with total updates to electrical, plumbing, HVAC and surfaces!
2 BEDROOM | 1 BATH | 1440 sqft
8/18/2022 | $640,000
Just Sold: Vancouver Duplex
700 GARRISON TER,
Vancouver, WA 98664
Take a look at this charming multi-family home in the heart of the Heights. Located across from Garrison Square, David Douglas park, shopping and close access to freeways, this is a perfect place to call home. This is an investors dream property or ideal for a first time home buyer. Live in one side and rent out the other. Big fenced in yard, landscaping, double pane windows, new wall heaters, new carpeting, new interior paint, brand new bathtub, sink, and bathroom cabinets.
4 BEDROOM | 2 BATH | 1680 sqft
7/27/2022 | $479,500
Just Sold: N Tabor Duplex
5325 NE Davis St,
Portland, OR 97213
Fantastic craftsman duplex in prime North Tabor location feeding into Laurelhurst Elementary & Grant High! This well maintained duplex features charming hardwood floors & coved ceilings with AC to keep cool this summer. Plenty of privacy, each unit has a washer & dryer & separate basement storage. Enjoy BBQs in the fenced backyard or craft away in the 2 car garage with electrical. One unit is vacant, easy to see and perfect for an owner occupant buyer!
3 BEDROOM | 2 BATH |1218 sqft
7/22/2022 | $534,750
Just Sold: Roseway Duplex
3817 NE 82nd Ave,
Portland, OR 97220
Dialed duplex that’s ready in Roseway! Attn: owner occupied investor! Month-to-month tenant + vacant side. Freshly renovated, vibrant NE Sandy, Fremont and Rocky Butte around the corner. Brand new systems, roof, tastefully remodeled. Sweet yard, plenty of parking, offset that mortgage and start leveraging your equity with this lil’ darling. Come see!
4 BEDROOM | 2 / 0 BATH | 1816 sqft
5/24/2022 $481,000
Just Sold: S Tabor Investment Property
3426 SE 53rd Ave,
Portland, OR 97206
Great for owner occupied, live in one and rent the other two. 3 – 2 bedroom/1 bathroom units with the same floor plan. Townhouse style units open on the main with kitchen and dining area. Slider off of eating area to private patio/yard for each unit. Convenient in unit washer/dryer hookups. 2 bedrooms and full bathroom on upper level. Excellent cash flow. Convenient Tabor location w/easy commuting, bike score, 99 and walk score, 91. Corner lot w/dedicated parking.
6 BEDROOM | 3 BATH | 2496 SQFT
Sold 5/4/2022 834,300
Just Sold: Ashcreek Diamond in the Rough
5537 SW Garden Home
Rd, Portland, OR 97219
Light and bright condo in Harrison East. True one bedroom, one bath with a built-in murphy bed for guests. The kitchen has ample storage and a dining area with granite counters and stainless appliances. Comes with deeded parking and storage. HOA has a community garden, and use of a swimming pool/hot tub. Sewer, water, and garbage are included in HOA dues. On-site laundry. Lightly lived in and move-in ready!
2 BEDROOM | 3 / 0 BATH | 2524 sqft
4/29/2022 $680,000
Just Sold: Irvington 7-Plex
1804 NE 14TH AVE,
Portland, OR 97212
Beautifully 5.23 CAP updated Irvington 7-Plex. Historic charm with modern finishes. Close to Lloyd Center, Moda center, restaurants, shops & more. 6 of 7 units fully remodeled with LVP flooring, SS appliances, quartz counters and tile bathrooms. Rentable storage units in basement, rented garage & an additional on-site parking spot. Property still has upside in rents.
7 BEDROOM | 8/0 BATH | 5810 SQFT
Sold 4/14/2022 $1,675,146
Just Sold: Milwaukie Ranch Lives Large
5288 SE Jackson ST,
Milwaukie, OR 97222
The ground level has the living room (w/ wood burning fireplace), kitchen, dining room, all 3 bedrooms, and both bathrooms (the master has its own full bathroom). The finished basement has multiple rooms/separate areas & a private entry. Fantastic residential community that is also close to shops and transportation. Private fenced backyard with a covered patio makes the summer nights fantastic.
3 BEDROOM | 2/0 BATH | 2700 SQFT
Sold 3/31/2022 $525,000
Just Sold: Adorable SE Rancher
6522 SE 66th Ave,
Portland, OR 97206
Come see this adorable 3 bed/1 bath ranch in SE PDX. Take in the sun on the porch as it sets over Brentwood-Darlington & nearby Woodstock. Lounge in an easy-to-maintain home with a new high-efficiency furnace for cozy evenings. Ample backyard space to gather with the community on the deck & lawn. Tinker away in the garage & park the cars in the long driveway. New furnace, newer roof & dishwasher, all appliances included. So many great restaurants nearby & parks too. Come home to a SE PDX cutie.
3 BEDROOM | 1/0 BATH | 815 SQFT
Sold 3/29/2022 $427,000
Just Sold: Charming SE Cottage
6811 SE Knight St,
Portland, OR 97206
Check out this charming cottage single level home walking distance from Mt Scott Park! This two bedroom, one bath home has large south-facing windows that fill the living room and dining room with natural light. The home features hard wood floors, fresh interior paint, ductless mini-splits, freshly tiled bathroom and separate laundry room. Spread out in the large fenced backyard which has a covered car port, shed, and raised garden beds.
2 BEDROOM | 1 BATH | 726 SQFT
Sold 3/24/2022 $445,000
Just Sold: Gorgeous Tualatin Traditional
22524 SW 104th Ave,
Tualatin, OR 97062
Lovely, top-quality JT Roth home in Springwater neighborhood. 5 bdrms, 4 full baths plus den and family room. Hugh Master with elegant bath and walk-in closet. Lg laundry/sewing rm, Central Vac, crown molding, in-home stereo system. Fully finished daylight lower level could be separate living space. Large wonderful covered deck and outdoor fireplace. Built in 2007 with many upgrades and custom touches. Corner lot, 3-car garage. Perfect live work home. Walk to Ibach Park.
5 BEDROOM | 4/0 BATH | 4474 SQFT
Sold 3/22/2022 $1,100,000
Just Sold: Piedmont 4-plex
212 N DEKUM ST
Portland, OR 97217
Super clean and tidy 4-plex located in Portland’s rising Piedmont District. This property is a corner lot, offering an abundance of off street parking, and yet right on the Vancouver Avenue bus lines too. The building features like new siding, newer membrane roof, new stair case railings and paint, and onsite laundry room too. The grounds are very simple to maintain, and the units have been updated over time, as tenancies turn. Income is solid and yet rents still have room to grow too.
7 BEDROOM | 4 BATH | 3306 SQFT
Sold 03/14/2022 $840,000
Just Sold: 7 Offers – Sweet NE Bungalow with Guest House!
4535 NE 85th Ave,
Portland, OR 97220
A ray of sunshine! This charming retro bungalow rests on a quiet street, just steps from the Grotto. The main house features 2 bedrooms & a bathroom, newly refinished hardwood floors, charming built-ins & a beautifully renovated kitchen. The basement has tall ceilings, laundry, & plenty of room to work or play. Farm to table, the private backyard has raised garden beds & a coop. Invite guests to stay in the detached studio, equipped with its own kitchen & bathroom. Perfect for guests or AirBNB!
2 BEDROOM | 2 BATH | 1864 SQFT
Sold 03/04/2022 $505,000
Just Sold: Turnkey Duplex in Creston
4011 SE Mall,
Portland, OR 97202
Turn key units with hardwood floors, baseboard heat, and well maintained. Located just blocks to Trader Joes, Reed College, parks, transit and Woodstock shopping and dining. Please do not disturb tenants or walk property without an appointment. Near bus lines.*** Unit 4011 easy to show, has fresh paint, new water heater, new wall switches, and clean. Ready to show and sell! Extra storage! Off street parking.
4 BEDROOM | 2 BATH | 1588 SQFT
Sold 3/03/2022 $575,000
Just Sold: Camas Opportunity
1241 NW Couch St,
Camas, WA 98607
Check out this rare Camas charming craftsman home on a double lot with a large shop. The home features hardwood floors, coved ceilings, craftsman built-ins, a remodeled kitchen & bathroom w/ jacuzzi tub. The partially finished basement includes a separate entrance, bed & half bath; ready to turn into an ADU! A weekend warrior’s dream, spend hours in your oversized 24×48 steel workshop, equipped w/ electric & plumbing, & plenty of room to store cars, boats, & equipment. This one won’t last long!
2 BEDROOM | 1.5 BATH | 1622 SQFT
Sold 3/02/2022 $454,000
Just Sold: Villebois Condo
28750 SW Campanile Ln Unit 302,
Wilsonville, OR 97070
Immaculate 1-level condo on the top level with luxury features of quartz counters, stainless appliances, vinyl floors, private deck w/a view, private storage & garage all in the Wilsonville school district.
2 BEDROOM | 2 BATH | 1013 SQFT
Sold 2/17/2022 $345,000
Just Sold: Concordia Cottage
5847 NE 24TH AVE,
Portland, OR 972011
Charming updated PDX cottage with timeless character throughout. Stunning kitchen remodel with quartz countertops and all new appliances. The main floor offers plenty of space to entertain with two bedrooms, a living room which is connected to the dining room. Upstairs you’ll find another bedroom and two bonus rooms. The unfinished basement is a blank slate. Home Energy Score= 2 https://www.greenbuildingregistry.com/green-homes/OR10196583
3 BEDROOM | 1 BATH | 2461 SQFT
Sold 1/14/2022 $630,000
Just Sold: Great Fourplex in Brooklyn
1227 SE Boise St,
Portland, OR 97202
Fourplex in Brooklyn neighborhood. Lots of upside including an opportunity to bring a unit to market level rent immediately.
8 BEDROOM | 4 BATH | 2896 SQFT
Sold 12/09/2021 $875,000
Gratitude in Pandemic Times
In early March of this year the pandemic was just beginning to feel real. While most of us still had no clue as to the magnitude or impact of the problem, many of us were beginning to consider making changes to the way we moved through the world. I hadn’t started wearing a mask yet but I began social distancing, wiping down surfaces in homes I visited or held open houses, and avoided contact with buyers sellers and other agents. I remember the first weekend in March when agents looked at me weird, or giggled when I told them I wasn’t shaking hands for a while.
But, as the reality of the world situation started to settle in, I just naturally expected that people would be staying home, working from home, and planning to stay living where they were. I started circling the wagons in preparation for a slow year of business. It was still too soon to tell where things were going but of all the options I considered for what the business year would look like, there wasn’t one that looked like a fairly normally busy year for me and a banner year that some agents have experienced. I hadn’t seen the writing on the wall yet that a combination of lowering interest rates, low housing inventory, people working from home and their desires to be closer to their families or further away from the masses would combine to make for a busy real estate year. All of that said, I have been grateful for the ability to help people land where they wanted at a time that has been and is very disruptive and troubling to most of our lives.
With all of that comes mixed feelings. While I have been able to maintain a comfortable, albeit much less social and more hermited lifestyle, many people around me have struggled immensely this year and anticipate further and more difficult struggles into 2021. I can only imagine the pain and difficulty that many have felt through job losses, illness, the loss of loved ones and displacement from their homes.
As this year comes to a close I feel deeply grateful for my health, the health of my clients, friends, family and my partner. I am grateful for Living Room Realty, the Real Estate Community and our clients willingness to adapt to doing business in a very different and much safer way. But most of all, I’m grateful for the emotional support I’ve received and especially the support I’ve been able to provide everyone around me. If I can be there for you, please don’t hesitate to reach out.
Be well,
Martin
Multifamily Houses in Portland
Today I talked with Kara from Afternoon Live about multifamily houses in Portland. To see the full 7 minute video, click here
Here’s an example of a duplex that was for sale in Portland that I thought was a great long term investment.
- 1950s side by side 2 BR/1 BA multifamily (duplex) with Tuck-under garages.
- It was already vacant and in extreme disrepair when we bought it.
- NE Portland- Alberta Arts area.
- Current 2 Bedroom rentals are roughly $1600-$2200
- Current 3 Bedroom rentals are roughly $2500-$3000/month.
- We decided to finish the lower level, adding additional bath, bedroom, and bonus living space. Each unit will now be 3 BR/ 2 BA.
- Better use of space (more people can live in the property)
- By adding this additional finished space, it will bring in more rental income to cover the cost of the renovation work
- That extra monthly income will pay for the additional renovation work over 8-10 years.
- By updating everything, there will be few if any large maintenance expenses within the first 7 years. This makes profit and loss a little more predictable.
Not in the buying market or interested in multifamily, but thinking of selling your home? Check out my tips here.
Lair Hill Tri-plex
Lair Hill Vicorian Tri-plex
3436 SW 1st Ave
Portland, OR 97239
Offered at $599,000
MLS#20058138
Per unit: 1 Bedroom | 1 Bathroom
Year Built: 1885 | Tax: $7,960
Alberta Arts Duplex
Duplex in the Heart of Alberta Arts
1023 NE Webster St
Portland, OR
Charming duplex in the heart of the Alberta Arts district. This sweet craftsman duplex has a full basement and detached garage. New roof, newer paint, wood floors, vintage charm and full of possibilities.
OFFERED AT $564,000
2 BEDROOM | 1 BATH Lower unit
2 BEDROOM | 1 BATH +Bonus room, Upper Unit
Think outside the box.
A single family home isn’t always the answer. Sometimes the answer will lie in a multi-family home. How about buying something with more flexibility like an old Portland style duplex? I’m not talking about your standard, side by side, 1950’s duplex (not that there’s anything wrong with that) but this story is about a charming Old Portland, Craftsman or Bungalow style duplex!
A home like this not only gives you all that added charm and character but can provide more options than a single family home. They can be part owner-occupied and part rental either as a month to month or AirBnB. Multi-generational; put mom and dad downstairs and your family up. Multi-friend; some people are finding that buying a duplex with friends is one solution to the cost of housing. Or keep one half for nanny’s quarters while you need them and then rent it once the kids have grown. Lastly, many of these homes also come with basements for even more space and flexibility to use as storage, a play room or to convert to an ADU.
So whether you’re looking for options because your property search has stagnated or you started off looking for a multi family home, always remember, sometimes it pays to think outside the box.