BOGO! Two Homes, One Great Price! - SOLD!

2816 SE 133rd Ave, Portland, OR 97236

2 Units: 1bed/1bath 695SQft & studio/1bath 369 sqft | YEAR BUILT: 1949 | .27 ACRES | $375,000

Here is a unique opportunity to purchase an investment property with a ton of potential and utility value.

Currently fully leased with 3 tenants producing an estimated net income of $24,305. At the current list price, that represents a very attractive capitalization rate of 6.48.

The lot is a regular, rectangular shape with minimal trees and .27 acres. Zoning is r5 and should support at least 2 and potentially 3 lots if divided. This is one of the last lots on the block to be split and represents a great opportunity for the savvy investor/developer. Look into HB2001 for more info on new “middle-zoning” development opportunities.