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Listed by RE/MAX Equity Group
$524,995
Est. payment /mo
1,519 SqFt
Active
5215 N WILLIS BLVD Portland, OR 97203
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UPDATED:
02/21/2025 01:45 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,519 sqft
Price per Sqft $345
MLS Listing ID 325493717
Year Built 1956
Annual Tax Amount $4,166
Tax Year 2024
Lot Size 5,662 Sqft
Property Description
Discover a fantastic investment opportunity with this charming duplex located in the vibrant NoPo/St. Johns area of Portland, Oregon! Perfectly situated close to schools and just minutes from the bustling center of St. Johns, this property offers both convenience and potential.Set on a desirable corner lot, the duplex features off-street parking for both units, ensuring easy access for tenants and guests alike. With a solid rental history and managed by RMS Property Management, this property has proven to be a reliable income generator, boasting a net cap rate of 5.3%.Each unit is designed for comfort and functionality, making it appealing to a wide range of renters. The proximity to local amenities, parks, and public transportation enhances its desirability, ensuring consistent demand.Whether you're an experienced investor or looking to enter the rental market, this duplex presents a unique opportunity to own a well-maintained property in a thriving neighborhood. Don't miss your chance to capitalize on this income-producing gem in Portland's NoPo/St. Johns area!
Location
State OR
County Multnomah
Area _141
Zoning R5
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Cesar Chavez
Middle Schools Cesar Chavez
High Schools Roosevelt
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
