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Corbin & Vollstedt Group

contact@cvghome.com +1(541) 650-3556

Listed by Township Properties Real Estate LLC

$1,100,000

Est. payment - /mo

3,288 SqFt

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Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,288 sqft

Price per Sqft $334

Subdivision Kerns

MLS Listing ID 174428626

Year Built 1971

Annual Tax Amount $6,756

Tax Year 2025

Lot Size 10,018 Sqft

Property Description

Ideally situated in the highly sought-after Kerns neighborhood, between E Burnside St and NE Glisan, this four-unit property combines strong rental income with an ideal rental location. The property is close to Whole Foods, coffee houses, restaurants, shops, and bus lines. Two side by side duplexes on separate tax lots. Units 2933, 2935 & 2943 have been recently renovated with updated kitchens (SS appliances, new cabinets, countertops & tile backsplash), bathrooms, flooring & new vinyl windows. All four units have new Mini-Split HVAC units, providing heat & air conditioning, washers & dryers, & private outdoor spaces.One duplex has two individual garages & the other duplex has a double carport, which was recently completely rebuilt. Plus, there is additional off-street parking for all units.With reliable renters & a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portland's most desirable close-in locations. At a 6.45% cap rate & 10.68 GRM, this property provides steady cash flow from day one. With current market rents, investors can expect consistent returns & long-term value growth.

Location

State OR

County Multnomah

Community Alllandscaping

Area _142

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Mini Split

Cooling Mini Split

Exterior

Garage Spaces 2.0

Community Features AllLandscaping

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level, Private, Trees, Wooded

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Buckman

Middle Schools Hosford

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Corbin & Vollstedt Group

+1(541) 650-3556

Owner/Admin | License ID: 200812045

Owner/Admin License ID: 200812045

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2933 NE EVERETT ST Portland, OR 97232

Corbin & Vollstedt Group

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2933 NE EVERETT ST