Multi-Family for Sale: 5105 TIBBETTS ST, Portland, OR 97206

3,420 sqft
$799,000
$799,000
5105 TIBBETTS ST, Portland, OR 97206
3,420 sqft
$799,000
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Price:
$799,000
$11,000 - 08/08/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Square Feet 3,420 sqft
Lot Size 0.13 acres
Year Built 1956
Taxes Paid $6,442
City Portland
Area 143 - Portland Southeast
County Multnomah
School District Franklin
Subdivision SOUTH TABOR
MLS 24287734
Status Active
DOM 161 days
Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.4% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. No Showings, for Open House information or questions. DND Tenants.

Room Features

Basement Description Full Basement, Separate Living Quarters/Apartment/Aux Living Unit, Partially Finished

Lot & Building Features

Cooling Central Air
Heating Forced Air
Parking Description Driveway, Off Street
Sewer Public Sewer
Water Public Water
Water Heater Electricity

Community and Schools

Elementary School Creston
Junior High School Kellogg
Senior High School Franklin

Unit Features

Unit Type 1 Actual Rent 2032
Unit Type 1 Area 875
Unit Type 1 Baths Total 1
Unit Type 1 Beds Total 2
Unit Type 1 Features Hardwood Floors, Washer/Dryer, Storage, Range
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 1250
Unit Type 2 Area 1150
Unit Type 2 Baths Total 1
Unit Type 2 Beds Total 2
Unit Type 2 Features Air Conditioning, Washer/Dryer, Storage, Hardwood Floors
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 1630
Unit Type 3 Area 855
Unit Type 3 Baths Total 1
Unit Type 3 Beds Total 1
Unit Type 3 Features Air Conditioning, Washer/Dryer, Storage, Refrigerator
Unit Type 3 Units Total 1

Price History of 5105 TIBBETTS ST, Portland, OR

Date Name Price Difference
08/08/2024 Price Adjustment $799,000 1.36%
06/19/2024 Price Adjustment $810,000 1.82%
04/11/2024 Listing Price $825,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by Urban Nest Realty, Michael Kafoury
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0.80633416770964%
6.75%
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5105 TIBBETTS ST (MLS #24287734) is a multi-family listing located in Portland, OR. This multi-family listing is 3,420 sqft and on a lot of 5,662 sqft (or 0.13 acres) and is 68 years old. This property was listed on 04/11/2024 and has been priced for sale at $799,000.

Nearby zip codes are 97035, 97202, 97214, 97215 and 97224.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Urban Nest Realty

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.