8128 Southeast 72nd Avenue

Portland, OR 97206

$525,000
Price
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Beds
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.

Description

This is what opportunity looks like. Ask for the Rentometer reports for rental comps (main house & separate apartment): ------apartment rental comps around $975 for long term (also permitted for short term!) _____the main house median rental of $2,895 - $3,060 = immediate CASH FLOW (even at 7% leveraged interest rate). Great for investors & the risk averse! The separate apartment above the 1 car garage has its own kitchen & bathroom and is currently permitted for short term rental...use as part of...This is what opportunity looks like. Ask for the Rentometer reports for rental comps (main house & separate apartment): ------apartment rental comps around $975 for long term (also permitted for short term!) _____the main house median rental of $2,895 - $3,060 = immediate CASH FLOW (even at 7% leveraged interest rate). Great for investors & the risk averse! The separate apartment above the 1 car garage has its own kitchen & bathroom and is currently permitted for short term rental...use as part of a rental portfolio = income generating potential! ~ ~ ~ ~ ~ ~ Discover Your New Vibe at this gem of a home - a canvas for creativity and connection, featuring over 2,435 SqFt of possibilities! Whether you’re dreaming of multi-gen living, a group care environment, or a live-work setup, this versatile environment can adapt to a variety of lifestyles and needs. With 4 spacious beds and 3 baths all above grade, plus a sweet studio apartment w/kitchen & bath above the one-car garage, this house can be tailored to reflect personal style and functionality, making it perfect for different life stages, activities and endless possibilities for how you can live, work, and thrive in the space. Recent upgrades bring this home to life: a new roof (2019), water heater (2020), newer appliances, newer carpets & modern vinyl flooring, and upgraded electrical outlets, lighting, and faucets. Plus, easy-care landscaping means you can spend more time enjoying life! Nestled in the chill Brentwood-Darlington neighborhood, you’re just minutes from everything: 5 mins to Trader Joe’s, 2 minute bike-ride to the Spring Water Corridor Trail (mile marker 8!) , and surrounded by parks, schools, and transport options. This is the spot everyone is favorable for — mere minutes from Woodstock, Hawthorne, and Clackamas Mall. Enjoy safe dog walks to the mercado, local pubs, and vibrant breweries near Foster. Welcome to your perfect pocket of Portland! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10058489]
  1. Listed by Ella Gray • Living Room Realty

Property Details for 8128 Southeast 72nd Avenue

Parking Features
Driveway, Garage
Zoning
RM1
Garage Spaces
1.00
Parking Total
2.00
LISTING UPDATED: 11/20/2024 09:19 AM

Property Details for 8128 Southeast 72nd Avenue

StatusActive
MLS #24590846
Days on Market3
Taxes$5,210 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1930
Lot Size0.13 AC / 5,662 SF
CountyMultnomah County

Building Information for 8128 Southeast 72nd Avenue

Stories-Residences2Year Built1930Building Size-Lot Size0.13 AC / 5,662 SF

Property Information for 8128 Southeast 72nd Avenue

Summary
Location and General Information
  • Country: US
  • Directions: East on SE Woodstock Blvd, South on SE 72nd, house on left
  • Road Surface: Paved
School Information
  • Elementary School: Whitman
  • High School: Franklin
  • Middle Or Junior School: Lane
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $5,210.34
  • Parcel Number: R244756
  • Tax Legal Description: PLEASANT LITTLE HMS NO 2, BLOCK 1, N 1/2 OF LOT 21-24
Property
Lot Information
  • Acres: 0.13
  • 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: Updated Remodeled
  • Year Built: 1930
Utilities
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air, Zoned
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $44,700.00
  • Gross Rent Multiplier: $11.74
  • Net Income Actual: $41,356.00
  • Operating Expense: $8,554.00
  • Security Features: Entry, Sidewalk
  • Unit Type Type: Unit Type Type1, Unit Type Type2
Unit 1 Information
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Baths Decimal: 3.00
  • Unit Type 1 Beds Total: 4
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $2,750
  • Unit Type 1 SqFt: 2050.0
  • 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: Range, Refrigerator, Storage, Window Coverings
  • Unit Type 2 Rent: $975
  • Unit Type 2 SqFt: 386.0
  • Unit Type 2 Units Total: 1

Property History for 8128 Southeast 72nd 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 8128 Southeast 72nd Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$5,010 ($418 / month)
Home Facts
Beds5Baths2Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories2Lot Size5,500 SqFtStyleSingle Family ResidenceYear Built1930ZoningR5CountyMULTNOMAHAPN1S2E20DC 06800Fireplace TypeHas Fireplace

Schools near 8128 Southeast 72nd Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Whitman Elementary School
Public - K to 5
Lane Middle School
Public - 6 to 8
Cleveland High School
Public - 9 to 12
Pauling Academy of Integrated Sciences
Public - 9 to 12
Rating
School
Distance
Whitman Elementary School
PublicK to 5

Lane Middle School
Public6 to 8

Cleveland High School
Public9 to 12

Pauling Academy of Integrated Sciences
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.

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More information about 8128 Southeast 72nd Avenue, Portland, OR 97206

8128 Southeast 72nd Avenue is a multi-family home for sale in Portland, OR 97206. This property was listed for sale on September 18, 2024 by Living Room Realty, it's currently listed at $525,000. It has been on the market for a total of 3 days and was last sold on March 14, 2019. This listing's school district is Portland School District 1j. Nearby schools include Whitman Elementary School, Lane Middle School and Cleveland High School. 8128 Southeast 72nd Avenue is a 0-bed, 0-bath, multi-family home built in 1930.

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 Living Room 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: 11/20/2024 09:19 AM