Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.6% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. DND Tenants.
Urban Nest RealtyLicense #201228697Listed on: 05/05/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,700
Year Built
Built in 1956 | Remodeled
Lot Details
Corner Lot
Level Lot
Home Design
Composition Roof
Wood Siding
Concrete Perimeter Foundation
Interior Spaces
3,420 Sq Ft Home
Seasonal Views
Bedrooms and Bathrooms
5 Bedrooms
3 Bathrooms
Partially Finished Basement
Basement Fills Entire Space Under The House
Basement Storage
Parking
3 Parking Spaces
Carport
Off-Street Parking
Schools
Creston Elementary School
Kellogg Middle School
Franklin High School
Utilities
Forced Air Heating and Cooling System
Heating System Uses Gas
Electric Water Heater
Listing and Financial Details
Assessor Parcel Number R142608
Community Details
Overview
No Home Owners Association
3 Units
Richmond Subdivision
Amenities
Laundry Facilities
Building Details
Operating Expense $14,700
Gross Income $58,944
Net Operating Income $44,244
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,700
Year Built
Built in 1956 | Remodeled
Lot Details
0
Listing Details
Standard Status: Active
MLS Status: Active
Property Type: MultiFamily
Year Built: 1956
Property Condition: UpdatedRemodeled
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: FullBasement, PartiallyFinished
Storage: Basement
Total Bedrooms: 5
Lot Size Range: SqFt5000to6999
Exterior Features
Exterior Description: WoodSiding
Lot Size: 5,000 to 6,999 SqFt
Foundation Details: ConcretePerimeter
View: Yes
Lot Features: CornerLot, Level
Road Surface Type: Concrete, Paved
Roof: Composition
View: Seasonal
Garage/Parking
Parking Description: Carport, OffStreet
Attached Garage: No
Total Parking Spaces: 3.0
Utilities
Fuel Description: Gas
Hot Water: Electricity
Security: Sidewalk
Cooling: CentralAir
Cooling Y N: Yes
Heating: ForcedAir
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Condo/Co-op/Association
Community Features: CentralAir, Laundry
Association: No
Schools
Elementary School: Creston
High School: Franklin
Middle Or Junior School: Kellogg
Lot Info
Zoning: R2.5
Parcel #: R142608
Green Features
Green Certification: No
Rental Info
Rent Includes: None
Tax Info
Tax Deferral: No
Tax Year: 2024
Tax Annual Amount: 6700.1
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Number Of Units Total: 3
Gross Rent Multiplier: 13.23
Annual Gross Income: 58944.0
Property Net Operating Income: 44244.0
Annual Operating Expense: 14700.0
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Fantastic Income producing duplex in prime Hamilton Heights Location! This beautifully maintained property offers two spacious units ideal for living in one and renting the other. Its also a great investment property or multi-generational living. The upper unit features 2 bedrooms and 2 bathrooms, a generous living room with fireplace, soaring ceilings, stunning wood paneling, and oversized
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This home is located at 5105 5109 SE Tibbetts St, Portland, OR 97206 and is currently priced at $780,000, approximately $228 per square foot. This property was built in 1956. 5105 5109 SE Tibbetts St is a home located in Multnomah County with nearby schools including Creston Elementary School, Hosford Middle School, and Franklin High School.
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