13718 Southeast Division Street

Portland, OR 97236

$1,999,500
Price
—
Beds
2,563 Sq. Ft.
$780 / Sq. Ft.
2,563
Sq. Ft.
$780
per Sq. Ft.
an aerial view of a house with outdoor space
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an aerial view of a house with a garden
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a view of backyard with a garden and entertaining space
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a sign that is on the side of a building
a view of a kitchen with wooden floor and a sink
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and closet
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a kitchen that has a microwave a sink and a stove in it
a room with wooden floor and windows
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a kitchen with white cabinets and appliances
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a bathroom with a sink toilet and mirror

Description

Price per door $105k. Cash flow & opportunity! At the lower end of the spectrum she is not as sexy as some but she is an earner! Don't let looks deceive you, this property is always occupied and has many long term tenants with various avenues of rent support. All but a few units have recent upgrades which would include all surfaces, New roofs on 3 of the buildings 2020. All but one building have been separately sub- metered giving the financials a huge opportunity moving forward. Windows and insulation...Price per door $105k. Cash flow & opportunity! At the lower end of the spectrum she is not as sexy as some but she is an earner! Don't let looks deceive you, this property is always occupied and has many long term tenants with various avenues of rent support. All but a few units have recent upgrades which would include all surfaces, New roofs on 3 of the buildings 2020. All but one building have been separately sub- metered giving the financials a huge opportunity moving forward. Windows and insulation upgraded too.
  1. Listed by Peter Jameson • J Residential Properties
  2. Listed by Erin Jameson Maher • J Residential Properties

Property Details for 13718 Southeast Division Street

Parking Features
Guest, Open
Zoning
CN2
Parking Total
25.00
LISTING UPDATED: 08/05/2024 01:00 AM

Property Details for 13718 Southeast Division Street

StatusActive
MLS #24084617
Days on Market227
Taxes$23,801 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1995
Lot Size0.74 AC / 32,234 SF
CountyMultnomah County

Building Information for 13718 Southeast Division Street

Stories1Residences21Year Built1995Building Size-Lot Size0.74 AC / 32,234 SF

Property Information for 13718 Southeast Division Street

Summary
Location and General Information
  • Country: US
  • Directions: 137 th & Division
  • Road Surface: Paved
School Information
  • Elementary School: Lincoln Park
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell
Taxes and HOA
  • Management Name: Shelter MGT
  • Tax Year: 2023
  • Tax Annual Amount: $23,800.70
  • Parcel Number: R334241
  • Tax Legal Description: SECTION 11 1S 2E, TL 100 0.74 ACRES
Property
Lot Information
  • Acres: 0.74
  • Lot Description: Level, On Busline
  • Lot Size Square Feet: 32234.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1995
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Furnace, Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stucco
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 1
Amenities
Amenities Information
  • Internet Service Type: Cable, Satellite
Multi Family
Multi-Family Information
  • Number Of Units Total: 21
  • Gross Income Actual: $229,260.00
  • Gross Income Projected: $245,308.00
  • Gross Rent Multiplier: $8.72
  • Investor Information: Leases, Profit Loss Statement, Rent Records, Utility Records Available
  • Net Income Actual: $152,097.00
  • Net Income Projected: 179308
  • Operating Expenses Projected: $66,000.00
  • Operating Expense: $77,163.00
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 2563
Unit 1 Information
  • Unit Type 1 Baths Total: 0
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Range, Refrigerator, Window Coverings
  • Unit Type 1 Rent: $750
  • Unit Type 1 SqFt: 300.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Window Coverings
  • Unit Type 2 Rent: $900
  • Unit Type 2 SqFt: 200.0
  • Unit Type 2 Units Total: 4
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 3 Rent: $1,100
  • Unit Type 3 SqFt: 450.0
  • Unit Type 3 Units Total: 7
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 4 Rent: $1,230
  • Unit Type 4 SqFt: 609
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 5 Rent: $925
  • Unit Type 5 SqFt: 600.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 6 Rent: $945
  • Unit Type 6 SqFt: 450.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Beds Total: 1
  • Unit Type 7 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 7 Rent: $80
  • Unit Type 7 SqFt: 500
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 1
  • Unit Type 8 Beds Total: 0
  • Unit Type 8 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 8 Rent: $755
  • Unit Type 8 SqFt: 380.0
  • Unit Type 8 Units Total: 1
Unit 9 Information
  • Unit Type 9 Baths Total: 1
  • Unit Type 9 Beds Total: 0
  • Unit Type 9 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 9 Rent: $800
  • Unit Type 9 SqFt: 380.0
  • Unit Type 9 Units Total: 1
Unit 10 Information
  • Unit Type 10 Baths Total: 1
  • Unit Type 10 Beds Total: 1
  • Unit Type 10 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 10 Rent: $1,000
  • Unit Type 10 SqFt: 450.0
  • Unit Type 10 Units Total: 3

Property History for 13718 Southeast Division Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13718 Southeast Division Street

Taxable ValueLand-Additions-Total-
Tax Record2023$23,801 ($1,983 / month)
Home Facts
Baths19Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStories1Lot Size32,234 SqFtStyleQuadraplexYear Built1995ZoningCN2,R2ACountyMULTNOMAHAPN1S2E11AB 00100

Schools near 13718 Southeast Division Street

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Lincoln Park Elementary School
Public - PK to 5
Ron Russell Middle School
Public - 6 to 8
David Douglas High School
Public - 9 to 12
Arthur Academy
Charter - K to 5
Rating
School
Distance
Lincoln Park Elementary School
PublicPK to 5

Ron Russell 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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More information about 13718 Southeast Division Street, Portland, OR 97236

13718 Southeast Division Street is a multi-family home for sale in Portland, OR 97236. This property was listed for sale on April 9, 2024 by J Residential Properties, it's currently listed at $1,999,500. It has been on the market for a total of 227 days and was last sold on November 15, 2017. This listing's school district is David Douglas School District 40. Nearby schools include Lincoln Park Elementary School, Ron Russell Middle School and David Douglas High School. 13718 Southeast Division Street is a 0-bed, 0-bath, 2,563 sqft multi-family home built in 1995.

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.

Listing Courtesy of J Residential Properties

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: 08/05/2024 01:00 AM