5505 N Willamette Blvd

Portland, OR 97203 View Map $1,098,900 Schedule a Tour
Sq.Ft.4,254
Year2003
Hillshire Realty Group

Hillshire Realty Group

(503) 305-9263
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Status: Active
Property Type:Multi-Family
MLS #:20443308
Sq. Feet:4,254
On Site:12 Days
Lot Size:N/A
County:Multnomah
Purpose-built investment property with zero vacancy in 14 years! This duplex built in 2003 by an architect with specific intention to create a cash flow, low maintenance, low vacancy investment property. Ideally located across the street from University of Portland and fully occupied as student housing. High priority was placed on creating a living space ideal for student living & designed for minimal maintenance. This is truly a hassle-free investment property with a great rental history.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:5505 N Willamette Blvd Portland, OR 97203
County:Multnomah
Zip Code:97203

School Information

Middle School:Astor

Architecture

Year Built:2003
Exterior: Vinyl Siding
Property Condition: New Construction
Unit 1 Bedrooms: 5
Unit 1 Bathrooms: 2
Unit 2 Bedrooms: 6
Unit 2 Bathrooms: 3
Roof: Composition
Foundation: Slab
Basement: Finished Basement, Full Basement
Parking Features: Open

Features / Amenities

Total Sq. Ft.:4254
Heating: Forced Air - 90%
Fuel: Gas
Hot Water: Gas

Property Features

Lot Dimensions:3,000 to 4,999 SqFt
Sewer: Public Sewer
Water: Public
Utilities Included: Trash Collection, Maintenance Grounds
Road Surface: Paved
Zoning:r5
Directions:N Willamette to N Van Houten

Tax and Financial Info

Listing Financing: Cash, Conventional
Tax Amount: 8328.91
Tax Year: 2018
Capitalization Rate: 5.62
Actual Operating Expense: 13963
Projected Operating Expense: 12969
Actual Gross Income: 75750
Projected Gross Income: 78420
Actual Net Income: 61786
Projected Net Income: 65451

Listing Office

Listing provided courtesy of Premiere Property Group, LLC.

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5505 N Willamette Blvd Portland, OR 97203
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5505 N Willamette Blvd Portland, OR 97203
 
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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 Hillshire Realty Group, Inc are marked with the RMLS® logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS®, Portland, Oregon.

This content last updated on June 3, 2020. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.