Just Listed! Newly Constructed Multifamily in Vancouver!

6017 NE 45th Court

Vancouver, Washington, 98661



OFFERED AT $798,000

6 BED| 3.5 BATH | 2,745 SQ. FT.  HOME

MLS# 24162322 | TAXES: $1,414

Townhouse-Style Duplex One Block to Mississippi Avenue

Perfect for Owner Occupant or Investor

4036-4038 N Albina Ave.,  | Portland, OR 97227

Offered at $699,900 | MLS #23222307

Unit 4036 :  3 Bedrooms | 1.1 Baths | 1,260 sq. ft.

Unit 4038 :  3 Bedrooms | 1.1 Baths | 1,260 sq. ft.

Swanky side-by-side 70s duplex one block off of vibrant Mississippi Ave! Each townhouse-style unit features 3 bedrooms, 1.5 baths, in-unit laundry, off-street parking, and individual yards.  Private storage shed with power on one side. Fresh exterior paint, professional management with care, solid rental history. Add this excellent cash-flowing investment to your portfolio or live in one comfortable unit and offset your mortgage with rental income. Blocks from Lovely’s 50/50, Eem, & the best of PDX.  HES =3

Virtual Walk Through

Woodlawn Duplex

Vintage Charm Abounds

6025 NE 10th Ave.,  | Portland, OR 97211

Offered at $625,000 | MLS #22602090

Main Level Unit:  2 Bedrooms | 1 Baths | 934 sq. ft.

Upper Level Unit:  2 Bedrooms | 1 Baths | 1420 sq. ft.

Charming Woodlawn duplex, perfect for an investor or savvy owner occupant! Main floor unit features fir floors, large sunny kitchen with backyard access, newer gas furnace, 2 spacious beds and a fun vintage bath. Larger upstairs 2 bed unit features: updated kitchen and bath with era appropriate details, office nook, mini splits for cooling and heating, and oversized third floor attic bedroom. Large shared yard, off street parking, huge unfinished basement. Near Dekum hotspots with 78 walk score and 98 bike score.

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

Multifamily Duplex In Portland

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.