Bought with Move Real Estate Inc
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Key Details
Sold Price $612,200
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,579 sqft
Price per Sqft $237
Subdivision 1St Add
MLS Listing ID 24332929
Sold Date 10/25/24
Year Built 1997
Annual Tax Amount $5,645
Tax Year 2023
Lot Size 7,840 Sqft
Property Description
A terrific townhome style duplex, located within walking distance to old town Troutdale, Troutdale Station Food Carts and the Columbia Gorge Outlet mall. This exceptional location allows you to enjoy shopping, dining, nearby parks and is less than 1 mile to the Sandy River and a 1.5 to McMenamins Edgefield.This is a perfect opportunity to live/own and earn potential income or a great addition to your investment portfolio with a fantastic cap rate of 5.84 and a low 1% vacancy rate over 14 years, makes this a stable investment. This duplex has been a one owner property and is the first time on the market in 27 years. Maintained meticulously over the years, equals peace of mind. The complete tear off roof and a new 50 year composition roof, along with full exterior paint and Hardi Plank siding repairs were completed in Spring of 2019. A new cement patio was upgraded for unit 444 in Spring of 2024. Each unit is a spacious 1,289sf with an ideal 3 bedrooms and 2.5 baths, appliances include ranges, refrigerators and dishwashers, washer/dryer hookups, oversized 1 car garages and private fenced yards that are perfect for family fun and entertaining. Just over .25 mile to a max station or bus stop and only 1 mile to I84, means easy transportation options. This desirable duplex is not one to miss!
Location
State OR
County Multnomah
Area _144
Zoning HDR
Rooms
Basement Crawl Space
Interior
Heating Wall Heater
Exterior
Garage Spaces 2.0
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping, Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Troutdale
Middle Schools Walt Morey
High Schools Reynolds
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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