405 NE 62ND AVE Portland, OR97213

$505,000
2 total units
4 total bedrooms
2 total bathrooms
$35,200 annual income
Capitilization Rate: 5.34
1632 total sq. ft
5,000 to 6,999 SqFt
Elementary School: Glencoe
Middle School: Mt Tabor
High School: Franklin
Zoning: RM2
1356 days on market

VestorFilter™

Price per unit$252.5K/unit
Price per ft²$309.44/ft²
Recent price drop$94,900
Price per acre$4.3M/ac
Price per bedroom$126.3K/bed
Time on market1356 days

Property Description

Excellent opportunity on this close-in, fully-occupied upgraded duplex with zoning potential for ADDITIONAL UNITS! One of the few duplexes on the East side with a view and room to grow. New windows, flooring, deck, paint, fence and upgraded interiors make this desirable duplex easy to rent. Nearby shopping, bus lines, freeway access and bars/pubs. Great purchase as an investor or owner occupant. Do Not Disturb Tenants. Call today for additional details.

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Financial Data

Date Sold2021-04-26
Sold Price$505,000
Price ChangeDropped $94,900 on 04/26/2021
Total $94,900 drop
Original Price$599,900
Current Price$505,000
Property Taxes$4,520

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Home Facts

StatusSold
Year Built1965
Stories2
Green/Energy SupplementNo
Exterior Features
MLS ID20070740

Unit Details

Unit 1
Unit 2