Fantastic Investment Opportunity conveniently located near the Division/Hawthorne area. Nicely updated kitchen and baths and LVT flooring throughout. The previous owner did electrical and plumbing updates. On-site coin operated laundry for addition revenue to new owner. Close to local shopping. All units leased until April of 2025. Drive by is ok, but do not go on property or disturb tenants.Currently being managed by a property management company. Photos are form previous rental listing. Any offer must be made contingent on interior inspection. Owner is a license agent in the state of Oregon.
View full listing details| Price: | $859,900 |
| Address: | 3741 SE Cesar E Chavez Blvd |
| City: | Portland |
| County: | Multnomah |
| State: | Oregon |
| Zip Code: | 97202 |
| MLS: | 24657886 |
| Year Built: | 1951 |
| Square Feet: | 2,815 |
| Acres: | 0.11 |
| Lot Square Feet: | 0.11 acres |
| roof: | Composition |
| sewer: | Public Sewer |
| viewYN: | no |
| capRate: | 5.7 |
| cooling: | Mini Split |
| country: | US |
| heating: | Mini Split |
| stories: | 1 |
| taxYear: | 2023 |
| basement: | Finished, Full Basement |
| cCandRYN: | no |
| coolingYN: | yes |
| heatingYN: | yes |
| photo1Url: | https://www.rmlsweb.com/webphotos/24600000/50000/7000/24657886-1-a.jpg |
| priceType: | List Price |
| directions: | SE 39th Between Powell and Holgate |
| highSchool: | Cleveland |
| grossIncome: | 65220 |
| lotFeatures: | Level |
| openHouseYN: | no |
| shortSaleYN: | no |
| waterSource: | Public Water |
| daysOnMarket: | 252 |
| hotSheetDate: | 2025-03-12 |
| listAgentKey: | 67335 |
| listingTerms: | Call Listing Agent, Cash, Conventional, FHA |
| lotSizeRange: | 3, 000 to 4, 999 SqFt |
| mlsAreaMajor: | Portland Southeast |
| onMarketDate: | 2024-08-26T00:00:00+00:00 |
| parcelNumber: | R328201 |
| rentIncludes: | Sewer, Trash Collection, Water |
| unitTypeType: | 1, 2, 3, 4 |
| associationYN: | no |
| listOfficeFax: | 503-444-9008 |
| listOfficeKey: | 107969 |
| unitType1Area: | 808 |
| unitType2Area: | 806 |
| unitType3Area: | 600 |
| unitType4Area: | 600 |
| listingService: | Full Service |
| standardStatus: | Active |
| fuelDescription: | Electricity |
| parkingFeatures: | Carport, Paved |
| roadSurfaceType: | Paved |
| sourceSystemKey: | 24657886 |
| taxAnnualAmount: | 9788.36 |
| elementarySchool: | Grout |
| operatingExpense: | 17000 |
| sourceSystemName: | Regional Multiple Listing Service, Inc. |
| communityFeatures: | Laundry |
| listAgentLastName: | Mulliner |
| listMainOfficeKey: | 107969 |
| listingKeyNumeric: | 24657886 |
| lotSizeSquareFeet: | 4791 |
| offerInstructions: | Call Seller's Agent |
| originalListPrice: | 899900 |
| previousListPrice: | 869900 |
| propertyCondition: | Updated/Remodeled |
| unitType1Features: | Dishwasher, Microwave, Range, Refrigerator |
| unitType2Features: | Dishwasher, Microwave, Range, Refrigerator |
| unitType3Features: | Microwave, Range |
| unitType4Features: | Microwave, Range |
| listAgentFirstName: | Bradley |
| netOperatingIncome: | 49000 |
| numberOfUnitsTotal: | 4 |
| propertyAttachedYN: | no |
| unitType1BedsTotal: | 2 |
| unitType2BedsTotal: | 2 |
| unitType3BedsTotal: | 1 |
| unitType4BedsTotal: | 1 |
| exteriorDescription: | Lap Siding |
| grossRentMultiplier: | 13.18 |
| hotWaterDescription: | Electricity |
| idxAddressDisplayYN: | yes |
| investorInformation: | According To Owner |
| listAgentKeyNumeric: | 67335 |
| listingContractDate: | 2024-08-26T00:00:00+00:00 |
| streetNumberNumeric: | 3741 |
| taxLegalDescription: | SECTION 12 1S 1E, TL 9700 0.11 ACRES |
| unitType1ActualRent: | 1495 |
| unitType1BathsTotal: | 1 |
| unitType1UnitsTotal: | 1 |
| unitType2ActualRent: | 1495 |
| unitType2BathsTotal: | 1 |
| unitType2UnitsTotal: | 1 |
| unitType3ActualRent: | 1195 |
| unitType3BathsTotal: | 1 |
| unitType3UnitsTotal: | 1 |
| unitType4ActualRent: | 1195 |
| unitType4BathsTotal: | 1 |
| unitType4UnitsTotal: | 1 |
| greenCertificationYN: | no |
| listOfficeKeyNumeric: | 107969 |
| middleOrJuniorSchool: | Hosford |
| originatingSystemKey: | 24657886 |
| thirdPartyApprovalYN: | no |
| currentPriceForStatus: | 859900 |
| originatingSystemName: | Regional Multiple Listing Service, Inc. |
| unreinforcedMasonryBldg: | Unknown |
| contractStatusChangeDate: | 2024-08-26T00:00:00+00:00 |
| internetAddressDisplayYN: | yes |
| listMainOfficeKeyNumeric: | 107969 |
| idxEntireListingDisplayYN: | yes |
| internetConsumerCommentYN: | yes |
| virtualTourUrlUnbranded3YN: | no |
| propertyRecordUpdateTimestamp: | 2025-05-05T08:09:22+00:00 |
| internetEntireListingDisplayYN: | yes |
| internetAutomatedValuationDisplayYN: | yes |
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