1448 Northeast 28th Avenue

Portland, OR 97232

$1,249,000
Price
—
Beds
2,903 Sq. Ft.
$430 / Sq. Ft.
2,903
Sq. Ft.
$430
per Sq. Ft.
a front view of a house with a garage
a front view of a house with a yard
a view of a building with door
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a view of livingroom with wooden floor
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a view of an empty room with wooden floor and a window
a view interior of a house wooden floor and windows
a view of an empty room with wooden floor and a kitchen
a view of an empty room with wooden floor and a window
a view interior of a house wooden floor and windows
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a kitchen with a refrigerator and a stove
a view interior of the house and wooden floor
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a living room with furniture and a large window
a living room with furniture and wooden floor
a living room with furniture and a flat screen tv
a dining room with stainless steel appliances kitchen island granite countertop furniture and a chandelier
a dinning table and chairs in a kitchen
a kitchen with white cabinets and white appliances
a kitchen with kitchen island a stove a sink a dining table and chairs with wooden floor
a white stove top oven sitting inside of a kitchen
a kitchen with a sink and a window
a living room with furniture and a window
a living room with a table and a stove with wooden floor
a bedroom with a bed and a painting on the wall
a bedroom with a bed and a window
a bedroom with a bed and a chandelier
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a bedroom with a bed and a window
a bed room with a bed and a window
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a bedroom with a bed and a window
a view of a living room and hardwood floor
a view of a bedroom with furniture and a window
a bathroom with a sink a toilet and shower
a bathroom with a sink and a mirror
a utility room with cabinets washer and dryer
a view of a livingroom with wooden floor
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Description

Rare Mixed-Use Commercial Building located in the heart of Sullivans Gulch Last appraised at $1.4M. Completely Restored from the studs! CM1 Zoning. Commercial portion downstairs (Zoned "M" for Mercantile/Retail). Currently Leased on Gross modified Lease. Residential portion (Zoned R3) located upstairs also completely renovated. New Grease trap installed in downstairs, New Garage doors, New closed cell insulation throughout commercial walls, TESLA charging ports in Driveway. Would make great coffee...Rare Mixed-Use Commercial Building located in the heart of Sullivans Gulch Last appraised at $1.4M. Completely Restored from the studs! CM1 Zoning. Commercial portion downstairs (Zoned "M" for Mercantile/Retail). Currently Leased on Gross modified Lease. Residential portion (Zoned R3) located upstairs also completely renovated. New Grease trap installed in downstairs, New Garage doors, New closed cell insulation throughout commercial walls, TESLA charging ports in Driveway. Would make great coffee shop, bar, or restaurant or even office space! Plumbed for cat6, New Electrical thought, New Plumbing, New Siding, New HVAC, & Central Air, New reclaimed hardwood, New windows, New Doors, And anything else you can think of. (2) 220 amp plugs in drive way. Hot/Cold outside water. Upstairs completely remodeled. Can be used for Airbnb. Or building can be used a Work Live Space. Updaters has large 220 square ft Balcony. New Exterior lighting and Brick. Photos of the entire process taken of Renovation. No corners cut. Bike Score: 97Walk Sore: 95Transportation Score:60Distance to airport: 6.6 milesDistance to Rose Quarter: 2 milesDistance to Downtown PDX: 4.8 miles
  1. Listed by Santino Filipelli • Modern Realty

Property Details for 1448 Northeast 28th Avenue

Parking Features
Assigned
Zoning
CM1
View
Trees Woods
LISTING UPDATED: 08/07/2024 12:30 AM

Property Details for 1448 Northeast 28th Avenue

StatusActive
MLS #24696462
Days on Market219
Taxes$3,014 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1909
Lot Size0.05 AC / 2,178 SF
CountyMultnomah County

Building Information for 1448 Northeast 28th Avenue

Stories2Residences2Year Built1909Building Size-Lot Size0.05 AC / 2,178 SF

Property Information for 1448 Northeast 28th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: NE HALSEY/NE 28TH AVE
  • Road Surface: Paved
School Information
  • Elementary School: Beverly Cleary
  • High School: Grant
  • Middle Or Junior School: Beverly Cleary
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $3,014.48
  • Parcel Number: R313811
  • Tax Legal Description: YORK, BLOCK 1, N 28' OF LOT 7
Property
Lot Information
  • Acres: 0.05
  • Lot Description: Level
  • Lot Size Square Feet: 2178.0
  • Lot Size Range: Sq Ft0Kto2999
  • Lot Size: 0K to 2,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1909
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Gas
  • Heating Description: Forced Air95Plus
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Stone, Wood Siding
  • Roof Type: Flat
Interior Features
  • Basement: None
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $135,695.00
  • Gross Income Projected: $159,352.00
  • Gross Rent Multiplier: $9.20
  • Investor Information: Leases, Maintenance Records Available, Rent Records, Utility Records Available
  • Net Income Actual: $122,340.00
  • Net Income Projected: 143299
  • Operating Expenses Projected: $16,052.00
  • Operating Expense: $14,256.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 2903
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Air Conditioning, Hardwood Floors
  • Unit Type 1 Rent: $4,557
  • Unit Type 1 SqFt: 1613.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Air Conditioning, Deck, Furnished, Washer Dryer
  • Unit Type 2 Rent: $8,586
  • Unit Type 2 SqFt: 1290.0
  • Unit Type 2 Units Total: 1

Schools near 1448 Northeast 28th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Beverly Cleary School
Public - K to 8
Grant High School
Public - 9 to 12
Da Vinci Middle School
Public - 6 to 8
Le Monde French Immersion Public Charter School
Charter - K to 8
Rating
School
Distance
Beverly Cleary School
PublicK to 8

Grant High School
Public9 to 12

Da Vinci Middle School
Public6 to 8

Le Monde French Immersion Public Charter School
CharterK to 8

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 1448 Northeast 28th Avenue, Portland, OR 97232

1448 Northeast 28th Avenue is a multi-family home for sale in Portland, OR 97232. This property was listed for sale on April 12, 2024 by Modern Realty, it's currently listed at $1,249,000. This listing's school district is Portland School District 1j. Nearby schools include Beverly Cleary School, Grant High School and Da Vinci Middle School. 1448 Northeast 28th Avenue is a 0-bed, 0-bath, 2,903 sqft multi-family home built in 1909.

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 Modern 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: 08/07/2024 12:30 AM