3903 North Michigan Avenue

Portland, OR 97227

$1,195,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing live- work or investor opportunity in the vibrant Mississippi Arts neighborhood. One-of-a-kind building features a spacious, light-filled artist studio, perfect for painters, sculptors, or any creative professional seeking an inspiring workspace. In addition to the artist studio, the building includes two apartments. Currently, the smaller of the two units includes the 2400 Sq ft studio art warehouse space.Amazing live- work or investor opportunity in the vibrant Mississippi Arts neighborhood. One-of-a-kind building features a spacious, light-filled artist studio, perfect for painters, sculptors, or any creative professional seeking an inspiring workspace. In addition to the artist studio, the building includes two apartments. Currently, the smaller of the two units includes the 2400 Sq ft studio art warehouse space.
  1. Listed by Katherine Williams • Rose City Realty Group
  2. Listed by Cody Williams • Rose City Realty Group

Property Details for 3903 North Michigan Avenue

Subdivision
MISSISSIPPI ARTS
Zoning
R2A
View
Territorial
LISTING UPDATED: 10/06/2024 07:30 PM

Property Details for 3903 North Michigan Avenue

StatusActive
MLS #24205780
Days on Market74
Taxes$5,253 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1924
Lot Size-
CountyMultnomah County

Building Information for 3903 North Michigan Avenue

Stories-Residences2Year Built1924Building Size-Lot Size-

Property Information for 3903 North Michigan Avenue

Summary
Location and General Information
  • Country: US
  • Directions: N Failing and N Mississippi
School Information
  • Elementary School: Boise-Eliot
  • High School: Grant
  • High School 2: Jefferson
  • Middle Or Junior School: Harriet Tubman
Taxes and HOA
  • Tax Annual Amount: $5,253.10
  • Parcel Number: R223644
  • Tax Legal Description: MULTNOMAH, BLOCK 22, LOT 15
Property
Lot Information
  • Lot Description: Level
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Converted
  • Year Built: 1924
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Block
  • Roof Type: Other
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $80,400.00
  • Gross Rent Multiplier: $14.86
  • Investor Information: According To Owner
  • Net Income Actual: $64,441.00
  • Operating Expense: $15,959.00
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $4,500
  • Unit Type 1 SqFt: 2200.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Fireplace
  • Unit Type 2 Rent: $2,200
  • Unit Type 2 SqFt: 2600.0
  • Unit Type 2 Units Total: 1

Property History for 3903 North Michigan 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 3903 North Michigan Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$5,253 ($438 / month)
Home Facts
Baths4Total Finished SqFt5,142 SqFtAbove Grade Finished SqFt4,302 SqFtFinished Basement SqFt840 SqFtUnfinished Basement SqFt360 SqFtStories1Lot Size5,000 SqFtStyleDuplexYear Built1924ZoningR2ACountyMULTNOMAHAPN1N1E22CD 07200

Schools near 3903 North Michigan Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Boise-Eliot Elementary School
PublicPK to 5

Harriet Tubman Middle School
Public6 to 8

Grant High School
Public9 to 12

Jefferson High School
Public9 to 12

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.

Similar Homes

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3903 North Michigan Avenue is a multi-family home for sale in Portland, OR 97227. This property was listed for sale on September 5, 2024 by Rose City Realty Group, it's currently listed at $1,195,000. It has been on the market for a total of 74 days and was last sold on August 27, 1999. This listing's school district is Portland School District 1j. Nearby schools include Boise-Eliot Elementary School, Harriet Tubman Middle School and Grant High School. 3903 North Michigan Avenue is a 0-bed, 0-bath, multi-family home built in 1924.

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 Rose City Realty Group

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: 10/06/2024 07:30 PM