6204 NE WILLOW ST, Portland, OR 97213

$600,000
1,920
SqFt

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List Price
$600,000
Days on Market
0
MLS#
193312957
Property Type
Multifamily
Sqft. of Residence
1,920
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Northeast
Status
ACTIVE

Property Description

Turnkey income opportunity on the border of North Tabor and Rose City Park. This updated property offers two separate 2-bedroom, 1-bath living spaces, each with its own kitchen, laundry and comfortable living areas, creating flexibility for an investor or house hacker. Currently leased as two long-term rental units with a proven rental history, recent 12-month figures reflect approximately $39,874 in rental income plus utility reimbursements. Keep both units as rentals or explore future owner occupancy while using income from the second unit to help offset the investment.Extensively remodeled in 2022, the property features updated kitchens and bathrooms, newer appliances, a tankless water heater, mini-split heating and cooling, gas furnace, and newer interior and exterior paint. A new roof and radon mitigation system were added in late 2022, providing valuable improvements already completed for the next owner.Mature landscaping surrounds an oversized backyard with two covered patio areas, while a detached garage, spacious driveway and RV hookups add functionality. The detached garage also offers potential for a future ADU, subject to buyer due diligence and applicable requirements. Conveniently located near parks, restaurants, shopping and I-84 with easy access throughout Portland. Financial records and rental history available for buyer review [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10202853]

Additional Information

Tax Amount
$4,522
Year Built
1915
High School
Franklin
Elementary School
Vestal
Middle School
Harrison Park
Garage Spaces
1
Acres
0.11
Living Area
1,920
Stories
2
Subdivision
NORTH TABOR
Terms
Cash, Conventional, FHA, VA Loan
Cooling Description
Heat Pump, Mini Split
Fuel Description
Electricity, Gas
Heating Description
Forced Air - 95+%, Heat Pump, Mini Split
Hoa Rent Includes
Maintenance Grounds
Hot Water Description
Gas, Tankless
Exterior Description
Cedar
Roof Type
Composition
Sewer Description
Public Sewer
Parking
Driveway, Off Street
Parking Description
Driveway, Off Street
Road Surface
Paved
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
2000
Unit Type One Sq Ft
1300
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Summa Real Estate Group.

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