3411 SW US VETERANS HOSPITAL RD SW Pending

Portland,OR 97239

$ 250000

- Bed

- Bath

2309 SqFt


Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,309 sqft

Price per Sqft $108

Subdivision Homestead/Marquam Hill

MLS Listing ID 358980332

Year Built 1943

Annual Tax Amount $11,166

Tax Year 2024

Lot Size 5,227 Sqft

Property Description

Once-in-a-lifetime investment opportunity! This 5-plex features five charming units, perfectly situated on "Pill Hill." Conveniently located near Oregon Health Sciences University (OHSU). Comprising four cozy studios and one inviting one-bedroom, this property presents a fantastic opportunity for value-add improvements. With current rents below market, there's a bright potential for increased income in this highly desirable area, known for its strong demand from OHSU employees and students. All units are conveniently located on the ground floor, with a basement providing space for laundry and water heaters. Each unit is separately metered for electricity and natural gas, with tenants responsible for their utilities. The driveway offers easy access and parking for one vehicle or multiple motorcycles, and it could be transformed into additional storage or amenity space, boosting rental appeal and overall value. Property is zoned RM3, creating an opportunity to develop. Retaining wall requires significant updates and repairs. Offers due: Thursday, July 3rd at 10 AM. CASH ONLY.

Location

State OR

County Multnomah

Community Laundry

Area _148

Zoning RM3

Rooms

Basement Exterior Entry

Interior

Heating Forced Air

Cooling None

Exterior

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Sloped

Story 1

Foundation Other

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Ainsworth

Middle Schools West Sylvan

High Schools Lincoln

Others

Acceptable Financing Cash

Listing Terms Cash

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