136 Southeast 97th Avenue

Portland, OR 97216

$379,000
Price
3
Beds
2
Baths
1,049 Sq. Ft.
$361 / Sq. Ft.
1,049
Sq. Ft.
$361
per Sq. Ft.

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.
  1. Listed by Alejandro Contreras-Peraza • MORE Realty • 503-779-9377

Property Details for 136 Southeast 97th Avenue

Style
Stories1, Ranch
Parking Features
Driveway, Parking Pad
Zoning
EXD
Garage Spaces
2.00
Parking Total
2.00
LISTING UPDATED: 11/11/2024 01:05 AM

Property Details for 136 Southeast 97th Avenue

StatusActive
MLS #24456797
Days on Market83
Taxes$4,038 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1979
Lot Size0.12 AC / 5,227 SF
CountyMultnomah 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

Summary
Location and General Information
  • Accessibility Features: Garageon Main, One Level, Parking, Utility Room On Main, Walkin Shower
  • Country: US
  • Directions: From E Burnside, South on 97th
  • Energy Efficiency Features: Double Pane Windows
  • Road Surface: Paved
School Information
  • Elementary School: Cherry Park
  • High School: David Douglas
  • Middle Or Junior School: Floyd Light
Parking
  • Garage Type: Attached
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $4,038.18
  • Parcel Number: R250832
  • Tax Legal Description: PRUNEDALE ADD, BLOCK 10, LOT 13&14
Property
Lot Information
  • Acres: 0.12
  • Lot Description: Level, Pasture
  • Lot Size Square Feet: 5227.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
  • SqFt Source: tax
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1979
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Heater, Wood Stove
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Exterior Features: Fenced, Yard
  • Roof Type: Composition
  • Waterfront Description: Other
Interior Features
  • Basement: Crawl Space
  • Window Features: Double Pane Windows, Vinyl Frames
  • Fireplace Description: Wood Burning
  • Fireplaces Total: 1
  • Interior Features: Laminate Flooring, Washer Dryer
  • SqFt Calculated: 1049
  • SqFt Optional Level: Main
  • SqFt Optional Level Total: 0
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 1049
  • SqFt Upper Level Total: 0
  • Bedrooms Total: 3
  • Stories: 1
  • Baths Total: 2.0
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Level: Main
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Level: Main
Bedroom 3
  • Room Description: _3rd Bedroom
  • Bedroom 3 Level: Main
Dining Room
  • Room Description: Dining Room
  • Dining Room Level: Main
Family Room
  • Room Description: Family Room
  • Family Room Level: Main
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Disposal, Free Standing Range, Range Hood, Stainless Steel Appliance
  • Kitchen Room Level: Main
Living Room
  • Room Description: Living Room
  • Living Room Level: Main
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 2
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 2.0
  • Bathrooms Full: 2
  • Baths Partial: 0
  • Total Bathrooms: 2
  • Baths Upper Leve lFull: 0
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 0.0
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Security Features: None
  • SqFt Approximate Building Total: 1049

Property History for 136 Southeast 97th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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136 Southeast 97th Avenue is a single family home for sale in Portland, OR 97216. This property was listed for sale on August 27, 2024 by MORE Realty, it's currently listed at $379,000. It has been on the market for a total of 83 days and was last sold on April 6, 2017. This listing's school district is David Douglas School District 40. Nearby schools include Cherry Park Elementary School, Floyd Light Middle School and David Douglas High School. 136 Southeast 97th Avenue is a 3-bed, 2-bath, 1,049 sqft single family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of MORE Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/11/2024 01:05 AM