7454 North Haven Avenue

Portland, OR 97203

$673,000
Price
—
Beds
2,663 Sq. Ft.
$253 / Sq. Ft.
2,663
Sq. Ft.
$253
per Sq. Ft.

Description

Investor's Dream in University Park: This duplex offers an exceptional opportunity for savvy investors. With two distinct units - a 2-bedroom, 1-bath and a 3-bedroom, 1-bath - this property maximizes rental potential. In addition, there is 816 sq. ft. of unfinished basement for extra storage plus the R2.5 zoning allows for potential conversion of 520sq.ft garage to an additional unit/ADU. Each unit boasts modern amenities including stainless steel appliances, hardwood floors, and in-unit washer and...Investor's Dream in University Park: This duplex offers an exceptional opportunity for savvy investors. With two distinct units - a 2-bedroom, 1-bath and a 3-bedroom, 1-bath - this property maximizes rental potential. In addition, there is 816 sq. ft. of unfinished basement for extra storage plus the R2.5 zoning allows for potential conversion of 520sq.ft garage to an additional unit/ADU. Each unit boasts modern amenities including stainless steel appliances, hardwood floors, and in-unit washer and dryer, ensuring high tenant satisfaction and premium rental rates. Strategic Design: Featuring private entrances and tall ceilings, tenants enjoy a sense of exclusivity and space. The covered porch provides an inviting outdoor area, while the garden and patio offer additional relaxation spots. Investors can leverage the unfinished basement for extra storage or as an added amenity for tenants. Potential for Expansion: The large garage space presents a unique opportunity to convert into a third rental unit, further increasing rental income potential. With the ability to accommodate multiple vehicles or serve as a workshop/storage area, this space offers flexibility for various investment strategies. Prime Location: Situated in University Park, this property is in a highly desirable rental market, attracting tenants seeking proximity to amenities & employment opportunities. Investors can capitalize on the consistent demand for housing in this area, ensuring stable occupancy rates and strong rental yields. Don't miss out on this lucrative investment opportunity! With its strategic design, prime location, and potential for expansion, this duplex offers a pathway to long-term financial growth in the lucrative rental market
  1. Listed by Tanya Smith • Redfin

Property Details for 7454 North Haven Avenue

Subdivision
UNIVERSITY PARK
Parking Features
On Street
Zoning
R2.5
LISTING UPDATED: 11/18/2024 10:58 AM

Property Details for 7454 North Haven Avenue

StatusActive
MLS #24112823
Days on Market218
Taxes$6,242 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1906
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County

Building Information for 7454 North Haven Avenue

Stories2Residences2Year Built1906Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 7454 North Haven Avenue

Summary
Location and General Information
  • Country: US
  • Directions: N. Lombard St. to N. Haven Ave.
  • Road Surface: Paved
School Information
  • Elementary School: Astor
  • High School: Roosevelt
  • Middle Or Junior School: Astor
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $6,242.32
  • Parcel Number: R292138
  • Tax Legal Description: UNIVERSITY PK, BLOCK 71, NELY 1/2 OF LOT 29, LOT 30
Property
Lot Information
  • Acres: 0.12
  • Lot Description: Trees
  • Lot Size Square Feet: 5227.0
  • 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: Updated Remodeled
  • Year Built: 1906
Utilities
  • Cooling Description: Window Unit
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Gas, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Shake Siding, Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Storage Space, Unfinished
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $46,144.00
  • Gross Rent Multiplier: $14.58
  • Net Income Actual: $10,703.00
  • Operating Expense: $35,441.00
  • Storage: Basement, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 2663
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: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $1,700
  • Unit Type 1 SqFt: 710.0
  • 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: 3
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $2,250
  • Unit Type 2 SqFt: 1137.0
  • Unit Type 2 Units Total: 1

Property History for 7454 North Haven 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 7454 North Haven Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$6,002 ($500 / month)
Home Facts
Baths2Total Finished SqFt1,847 SqFtAbove Grade Finished SqFt1,847 SqFtUnfinished Basement SqFt816 SqFtStories2Lot Size5,000 SqFtStyleDuplexYear Built1906ZoningR2.5CountyMULTNOMAHAPN1N1E08CC 05000

Schools near 7454 North Haven Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Astor Elementary School
Public - K to 8
Roosevelt High School
Public - 9 to 12
Portland Village School
Charter - K to 8
Kairos PDX
Charter - K to 5
Rating
School
Distance
Astor Elementary 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near University Park

Neighborhoods

Cities

ZIPs

More information about 7454 North Haven Avenue, Portland, OR 97203

7454 North Haven Avenue is a multi-family home for sale in Portland, OR 97203. This property was listed for sale on April 16, 2024 by Redfin, it's currently listed at $673,000. It has been on the market for a total of 218 days and was last sold on November 12, 2021. This listing's school district is Portland School District 1j. Nearby schools include Astor Elementary School, Roosevelt High School and Portland Village School. 7454 North Haven Avenue is a 0-bed, 0-bath, 2,663 sqft multi-family home built in 1906.

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 Redfin

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: 11/18/2024 10:58 AM