136 Southeast 97th Avenue
$379,000
3
2
1,049
1,049
$361
Description
This property presents a unique investment opportunity, blending stable rental income with significant future potential. Currently zoned for commercial use but functioning as a residential rental, this property is occupied by long-term tenants who have been in place for 7 years, benefiting from the Section 8 housing program. The existing structure offers comfortable living space with 3 bedrooms and 2 bathrooms, making it an ideal residence for tenants seeking convenience and accessibility. The property’s...This property presents a unique investment opportunity, blending stable rental income with significant future potential. Currently zoned for commercial use but functioning as a residential rental, this property is occupied by long-term tenants who have been in place for 7 years, benefiting from the Section 8 housing program. The existing structure offers comfortable living space with 3 bedrooms and 2 bathrooms, making it an ideal residence for tenants seeking convenience and accessibility. The property’s commercial zoning adds a layer of versatility, providing the possibility for future development or conversion to a commercial enterprise, all while maintaining a steady income stream from the current residential use. Situated in a prime location with easy access to major transportation routes, shopping, and amenities, this property is perfect for investors looking to secure a solid return today with the flexibility to adapt to future market needs. The Section 8 tenant has not had a rent increase since 2018, and according to the local public housing authority, a rental increase will most likely be approved, offering an additional financial upside. The current tenants pay $2,058 monthly rental income. For further questions, please contact the listing agent. Don’t miss out on this rare chance to own a dual-purpose property in the heart of Portland’s evolving landscape. No sign on property. DO NOT disturb tenants.
- Listed by Alejandro Contreras-Peraza • MORE Realty • 503-779-9377
Property Details for 136 Southeast 97th Avenue
Style
Stories1, Ranch
Parking FeaturesDriveway, Parking Pad
ZoningEXD
Garage Spaces2.00
Parking Total2.00
LISTING UPDATED: 11/11/2024 01:05 AM
Property Details for 136 Southeast 97th Avenue
Status | Active |
---|---|
MLS # | 24456797 |
Days on Market | 83 |
Taxes | $4,038 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1979 |
Lot Size | 0.12 AC / 5,227 SF |
County | Multnomah County |
Building Information for 136 Southeast 97th Avenue
Stories1Year Built1979Building Size-Lot Size0.12 AC / 5,227 SF
Property Information for 136 Southeast 97th Avenue
Property History for 136 Southeast 97th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 136 Southeast 97th Avenue
Taxable ValueLand-Additions-Total-
Tax Record2023$4,038 ($337 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,050 SqFtAbove Grade Finished SqFt1,050 SqFtStories1Lot Size5,000 SqFtStyleSingle Family ResidenceYear Built1979ZoningEXDCountyMULTNOMAHAPN1N2E33DD 10500Fireplace TypeHas Fireplace
Schools near 136 Southeast 97th Avenue
This home is within David Douglas School District 40.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Cherry Park Elementary School PublicPK to 5 | ||
Floyd Light Middle School Public6 to 8 | ||
David Douglas High School Public9 to 12 | ||
Arthur Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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