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6204 NE WILLOW ST, Portland

$600,000

193312957 MLS

Turnkey income opportunity on the border of North Tabor and Rose City Park. This updated property offers two separate 2-bedroom, 1-bath living spaces, each with its own kitchen, laundry and comfortable living areas, creating flexibility for an investor or house hacker. Currently leased as two long-term rental units with a proven rental history, recent 12-month figures reflect approximately $39,874 in rental income plus utility reimbursements. Keep both units as rentals or explore future owner occupancy while using income from the second unit to help offset the investment.Extensively remodeled in 2022, the property features updated kitchens and bathrooms, newer appliances, a tankless water heater, mini-split heating and cooling, gas furnace, and newer interior and exterior paint. A new roof and radon mitigation system were added in late 2022, providing valuable improvements already completed for the next owner.Mature landscaping surrounds an oversized backyard with two covered patio areas, while a detached garage, spacious driveway and RV hookups add functionality. The detached garage also offers potential for a future ADU, subject to buyer due diligence and applicable requirements. Conveniently located near parks, restaurants, shopping and I-84 with easy access throughout Portland. Financial records and rental history available for buyer review [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10202853]

6204 NE WILLOW ST, Portland

2626 NE 16TH AVE, Portland

$925,000

364546423 MLS

Irvington Eight offers eight rental units in a 1910 building in Portland's Irvington Historic District. Updated pictures and floorplan are pending. The three-story property combines six studio layouts and two one-bedroom layouts, with a mix of private and shared bathrooms. Unit interiors range from approximately 200 to 570 square feet. The building totals approximately 5,494 square feet, including 1,410 square feet of unfinished basement; approximately 4,084 square feet are above grade. Set on an approximately 5,000-square-foot lot with mature landscaping, the property includes a detached single-car garage, driveway parking, shared laundry, basement storage units and common areas. Limited-access entry and a fire sprinkler system are additional features. Public water and sewer serve the property. The property has been operated with furnished B&B/Airbnb stays and longer-term rentals. The offering package presents a conventional-rental pro forma, providing a basis for evaluating the property's income potential. Scheduled annual gross income is projected at $118,600, with operating expenses of $50,404.60 and net operating income of $62,465.40 after a $5,730 vacancy allowance. At the $925,000 asking price, projected NOI represents a 6.75% capitalization rate leased. A property information package with the unit schedule, financial presentation and supporting property details is available from the listing agent. The building is identified as contributing to the Irvington Historic District.

2626 NE 16TH AVE, Portland

109 NW 8TH ST, Gresham

$329,900

2 Beds ⋅

1 Baths ⋅

471232675 MLS

Welcome to this charming & thoughtfully updated two-story townhome in Old Town Gresham, ideally positioned on a corner lot. With a unique garage-only connection to the neighboring home and no shared living walls, this property offers the convenience of a townhome with the privacy and feel of a detached home.The main level features a spacious kitchen and dining area with stylish tile flooring, creating a welcoming space for everyday living and entertaining. A sliding door opens to the private, fully fenced backyard, providing an inviting outdoor retreat and an easy extension of the living space. The living room features attractive laminate flooring, while a conveniently located half bath completes the main level. Upstairs, you'll find two bedrooms, including a spacious primary suite with its own full bathroom. Laminate flooring continues throughout the bedrooms and upstairs bathroom, offering a clean and cohesive look. Numerous updates add to the home's appeal and ease of ownership, including a new water heater, garbage disposal, garage door opener, stove, dishwasher, plus 2 new toilets. The home also features updated flooring, fresh exterior paint (9-26) with Sherwin-Williams Emerald Rain Refresh self-cleaning technology, and a brand-new roof (9-26) with premium Owens Corning True Definition Shingles plus six additional roof vents. Additional highlights include a one-car attached garage, private fenced yard an NO HOA fees. The combination of privacy, functional living space, outdoor space, and low-maintenance ownership makes this an especially appealing opportunity in Old Town Gresham. If you've been looking for the feel of a detached home without giving up the convenience of an attached garage, this one is worth a closer look!

109 NW 8TH ST, Gresham

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