Fantastic opportunity to own 1.07 acres in the city with R5 zoning. Two separate living spaces with their own entrances – both currently leased through 2/28/25; plus an RV pad which is leased – total monthly income $4,374. Each level of main house has its own kitchen, laundry, full bathroom and living area. Garage features a 117sf 6th bedroom/studio/bonus room with a full bathroom. Plenty of off street parking and two parking pads, one covered, perfect for RVs, boats or your outdoor toys. Quiet area, steps from Springwater Trail. Perfect for multi-generational living or live on one level and lease the other space for added income. Development potential for a possible 7 lot subdivision – buyer to verify all information. Early assistance documentation and 7 lot layout available. Photos 2-11 from 2022. Also listed in lots/land RMLS #24161042.
View full listing details| Price: | $599,900 |
| Address: | 5950 SE 141ST AVE |
| City: | Portland |
| County: | Multnomah |
| State: | Oregon |
| MLS: | 24440969 |
| Square Feet: | 3,264 |
| Acres: | 1.07 |
| Lot Square Feet: | 1.07 acres |
| capRate: | 6.12 |
| stories: | 2 |
| coolingYN: | no |
| heatingYN: | yes |
| directions: | SE Foster Rd then North on SE 141st Ave |
| highSchool: | David Douglas |
| bankOwnedYN: | no |
| grossIncome: | 52488 |
| openHouseYN: | no |
| listingTerms: | Cash, Conventional, FHA, VA Loan |
| lotSizeRange: | 1 to 2.99 Acres |
| rentIncludes: | Electricity, Gas, Heat, Sewer, Trash Collection, Water |
| unitTypeType: | 1, 2, 3 |
| unitType1Area: | 1680 |
| unitType2Area: | 1944 |
| unitType3Area: | 800 |
| fuelDescription: | Electricity, Gas |
| taxAnnualAmount: | 9321.79 |
| elementarySchool: | Gilbert Park |
| operatingExpense: | 15746 |
| propertyCondition: | Existing |
| unitType1Features: | Range, Refrigerator |
| unitType2Features: | Range, Refrigerator |
| netOperatingIncome: | 36742 |
| unitType1BedsTotal: | 2 |
| unitType2BedsTotal: | 3 |
| exteriorDescription: | Wood Siding |
| grossRentMultiplier: | 11.43 |
| hotWaterDescription: | Electricity, Gas |
| investorInformation: | Leases, Rent Records |
| listAgentKeyNumeric: | 51078 |
| unitType1ActualRent: | 1890 |
| unitType1BathsTotal: | 2 |
| unitType1UnitsTotal: | 1 |
| unitType2ActualRent: | 1759 |
| unitType2BathsTotal: | 1 |
| unitType2UnitsTotal: | 1 |
| unitType3ActualRent: | 725 |
| unitType3UnitsTotal: | 1 |
| middleOrJuniorSchool: | Alice Ott |
| thirdPartyApprovalYN: | no |
| currentPriceForStatus: | 599900 |
| internetAddressDisplayYN: | yes |
| virtualTourUrlUnbranded3YN: | no |
| propertyRecordUpdateTimestamp: | 2024-10-19T00:23:12+00:00 |
| internetEntireListingDisplayYN: | yes |
