Portland, OR 97221,5550 SW BEAVERTON HILLSDALE HWY
Portland, OR 97221,5550 SW BEAVERTON HILLSDALE HWY
Portland, OR 97221,5550 SW BEAVERTON HILLSDALE HWY
20
Listed by John L. Scott
Bought with John L. Scott
$1,995,000
$1,995,000
Est.Price: ?

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8,616 SqFt

5550 SW BEAVERTON HILLSDALE HWY Portland, OR 97221

Est. payment /mo
SOLD DATE : 09/06/2024

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Key Details

Sold Price $1,995,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,616 sqft

Price per Sqft $231

Subdivision 5550-5564

MLS Listing ID 24467007

Sold Date 09/06/24

Year Built 1950

Annual Tax Amount $22,228

Tax Year 2023

Lot Size 0.450 Acres

Property Description

This updated 100% occupied 8 plex (built in 1986-87) comes with a 1800sf, 3-bedroom, 2-bath ranch house on a .45-acre lot. Grocery shopping and restaurants are just across the street & it's next to easy bus transportation. There is so much opportunity for increased rental income: a family member occupies the house so currently no rent has been collected there but could easily rent for $3,300 a month which would increase the Cap rate to over 6%. It features a full unfinished basement with full bath or another multi-plex could be built in place of the ranch house giving you many more units and income.

Location

State OR

County Multnomah

Community Laundry

Area _148

Zoning RM1

Rooms

Basement Full Basement

Interior

Heating Forced Air, Zoned

Exterior

Garage Spaces 2.0

Community Features Laundry

View Territorial

Roof Type Composition

Parking Type Assigned, Garage Door Opener

Garage No

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Middle Schools Robert Gray

High Schools Ida B Wells

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

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Robert Thompson

Broker | License ID: OR 201225247 WA 20122647

+1(503) 729-9477

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