5215 North Willis Boulevard

Portland, OR 97203

$524,995
Price
Beds
Baths
1,519 Sq. Ft.
$346 / Sq. Ft.
1,519
Sq. Ft.
$346
per Sq. Ft.

Description

Discover a fantastic investment opportunity with this charming duplex located in the vibrant NoPo/St. Johns area of Portland, Oregon! Perfectly situated close to schools and just minutes from the bustling center of St. Johns, this property offers both convenience and potential. Set on a desirable corner lot, the duplex features off-street parking for both units, ensuring easy access for tenants and guests alike. With a solid rental history and managed by RMS Property Management, this property has...Discover a fantastic investment opportunity with this charming duplex located in the vibrant NoPo/St. Johns area of Portland, Oregon! Perfectly situated close to schools and just minutes from the bustling center of St. Johns, this property offers both convenience and potential. Set on a desirable corner lot, the duplex features off-street parking for both units, ensuring easy access for tenants and guests alike. With a solid rental history and managed by RMS Property Management, this property has proven to be a reliable income generator, boasting a net cap rate of 5.3%. Each unit is designed for comfort and functionality, making it appealing to a wide range of renters. The proximity to local amenities, parks, and public transportation enhances its desirability, ensuring consistent demand. Whether you're an experienced investor or looking to enter the rental market, this duplex presents a unique opportunity to own a well-maintained property in a thriving neighborhood. Don’t miss your chance to capitalize on this income-producing gem in Portland’s NoPo/St. Johns area!
  1. Listed by Kevin Smallbeck • RE/MAX Equity Group
  2. Listed by Michael Shelangoski • RE/MAX Equity Group

Property Details for 5215 North Willis Boulevard

Parking Features
On Street
Zoning
R5
LISTING UPDATED: 02/15/2025 10:18 AM

Property Details for 5215 North Willis Boulevard

StatusPending
MLS #325493717
Days on Market18
Taxes$4,167 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1956
Lot Size0.13 AC / 5,662 SF
CountyMultnomah County

Building Information for 5215 North Willis Boulevard

Stories1Residences2Year Built1956Building Size-Lot Size0.13 AC / 5,662 SF

Property Information for 5215 North Willis Boulevard

Summary
Location and General Information
  • Country: US
  • Directions: Lombard to N on Hereford ave to Willis
  • Road Surface: Paved
School Information
  • Elementary School: Cesar Chavez
  • High School: Roosevelt
  • Middle Or Junior School: Cesar Chavez
Taxes and HOA
  • Management Name: RMS
  • Tax Year: 2024
  • Tax Annual Amount: $4,166.64
  • Parcel Number: R248929
  • Tax Legal Description: PORTSMOUTH VILLA EXTD, BLOCK O, LOT 18
Property
Lot Information
  • Acres: 0.13
  • Lot Description: Corner Lot
  • Lot Size Square Feet: 5662.0
  • 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: Existing
  • Year Built: 1956
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding, Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $33,240.00
  • Gross Rent Multiplier: $15.79
  • Investor Information: According To Owner
  • Net Income Actual: $28,078.00
  • Operating Expense: $5,162.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1519
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Wood Floors
  • Unit Type 1 Rent: $1,420
  • Unit Type 1 SqFt: 850.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Wood Floors
  • Unit Type 2 Rent: $1,350
  • Unit Type 2 SqFt: 750.0
  • Unit Type 2 Units Total: 1

Schools near 5215 North Willis Boulevard

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Charter - K to 8
Charter - K to 5
Rating
School
Distance
Cesar Chavez K-8 School
PublicK to 8

Roosevelt High School
Public9 to 12

Portland Village School
CharterK to 8

Kairos PDX
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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Listing Courtesy of RE/MAX Equity Group

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