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Adorable & Solid 1950's Triplex

6002-6010 NE Multnomah St. Portland, OR 97213

Asking Price: $439,500

Adorable & solid 1950's single level triplex in central NE location near Normandale & Rose City parks & 3 blocks to Max line. 2-1 bedroom units rents at $850 & $750 / mo. & 1-2 bedroom unit rents @ $1,000/mo. All units updated with newer kitchen cabinets, sinks, fixtures, slab granite counter tops & newer appliances. Refinished hardwood floors in each unit and 50's wood detailing. Vintage bathroom tiles, re-glazed tubs & newer fixtures. Radon mitigation installed & tank(s) decommissioned in 2012. Added insulation in attic & most newer windows. Full unfinished basement with common laundry and individual storage units. Forced Air heat all units. Separately metered. 2 car detached garage and nice yard with separate patios for each unit. 2 bedroom unit can be shown by appointment with some notice. Other units are subject to interior inspection with accepted offer. Great investment opportunity! 

*Dining room light fixture in 2 bedroom unit excluded from sale*

Financing Details:

  • Gross income - $30,350
  • Net Operating Income - $21,694
  • Expenses - $8,656
  • Cap Rate - 4.9
  • RMLS #14541744