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Listed by Cascade Hasson Sotheby's International Realty
$250,000
Est. payment /mo
2,309 SqFt
Pending
3411 SW US VETERANS HOSPITAL RD SW Portland, OR 97239
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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
