Multifamily

$700,000

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1900 NE LAUREL AVE

  • – beds
  • – baths
  • – sqft
  • 1926 build
  • on site

Unique multifamily + detached storage units investment opportunity poised for immediate increased income! Projected 5.63 Cap rate when fully rented. Tons of upgrades-new appliances, kitchen floors+counter, more in 4 detached 3-bed/1-bath 1732 SF homes (2 rented @$1350/mo & 2 vacant with est. market rent at $1450/mo) AND 4 detached separate vacant storage units-1@486 SF est. rent $350/mo & 3@180 SF est. rent $150/mo/ea. DND Tenants. Offers in - deadline: Fri 1/29-10AM.

RMLS logo Listing courtesy of RMLS / Luxe Christie's International Real Estate

Last checked: Checking… • Last updated Jan 29, 2021 • Source: RMLS

MLS# 21416574 —

Amenities & Taxes

The Building

Year Built:
1926
Exterior Construction:
Wood Siding
Roof:
Shingle
Unit Type:
1, 2, 3, 4
SqFt. Approximate Building Total:
6928
Foundation Details:
Concrete Perimeter

Interior

Floors:
2
Basement:
Unfinished

Financial & Terms

Short Sale:
No
PriceType:
List Price
Tax Year:
2019
Terms:
Cash, Conventional, FHA

Location

State:
OR
Directions:
North on Broadway, East on Pine St, South on Laurel St
Road Surface:
Paved
Country
US

The Property

Lot Description:
Commons, Level, Gated
Zoning:
RM2
Longitude:
-123.02285000
Latitude:
44.95624100
Lot Size:
10, 0 to 14, 999 SqFt
Storage:
Individual Storage Units, Basement
Property Condition:
Approximately

Listing Agent

Contact info:

Taxes

Tax ID:
R26489
Annual:
$5,630.48

The Listing

Days On Market:
8

Heating & Cooling

Heating:
Forced Air
Heating Fuel:
Gas
Hot Water Heater:
Gas

Utilities

Water:
Public
Sewer:
Public Sewer

Schools

Elementary:
Highland
Middle School:
Parrish
High School:
North Salem

The Community

Common Amenities:
Commons

Parking

Parking Features:
Detached, Open

Extra Units

Unit Features:
Dishwasher, Hardwood Floors, Range, Storage, Washer/Dryer Hookup
Unit Type 1 Features:
Dishwasher, Hardwood Floors, Storage, Washer/Dryer Hookup
Unit Type 1 SqFt:
1732
Unit Type 1 Units Total:
2
Unit Type 1 Beds Total:
3
Unit Type 1 Baths Total:
1
Unit Type 2 Features:
Hardwood Floors, Range, Storage, Washer/Dryer Hookup
Unit Type 2 SqFt:
1732
Unit Type 2 Units Total:
2
Unit Type 2 Beds Total:
3
Unit Type 2 Baths Total:
1
Unit Type 3 Features:
Storage
Unit Type 3 SqFt:
486
Unit Type 3 Units Total:
1
Unit Type 4 SqFt:
180
Unit Type 4 Features:
Storage
Unit Type 4 Units Total:
3
Number Of Units Total:
8

Schools

Rating Details
6

Highland Elementary School

  • Public
  • K-5
  • 0.3 mi
4

Parrish Middle School

  • Public
  • 6-8
  • 0.7 mi
4

North Salem High School

  • Public
  • 9-12
  • 0.9 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
1/29/21
Pending RMLS $700,000
1/21/21
Listed / Active RMLS $700,000

Finding records…

No additional history available

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1900 NE LAUREL AVE
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