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    $499,900

  • Pending | MLS#: 18587584

5263 NE 24TH AVE Portland, OR 97211

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Listing provided courtesy of: Meadows Group Inc., Realtors

Overview

Investment opportunity in the heart of the hopping, hip Alberta Arts District!Great first time investment property to start your portfolio - units rentquickly when vacated. Back unit has new floors, a fresh coat of paint & isvacant - prime for an owner-occupied situation. Each unit has off-streetparking, private fenced patio area & laundry hookup. Blocks to restaurants,bus-lines, Concordia University. Walkscore 87 and Bikescore 79!

General Features

  • Area Portland Northeast
  • Bank Owned Y/N No
  • Capitalization Rate 5.22
  • Country US
  • Fuel Description Electricity
  • Gross Income Actual 32940
  • Gross Rent Multiplier 15.18
  • Heating Description Zoned
  • Hot Water Description Electricity
  • Net Income Actual 26115
  • Number Of Units Total 2
  • Occupancy Types Leased,Vacant
  • Operating Expenses Actual 10132
  • Sewer Description Public Sewer
  • Short Sale Y/N No
  • Stories 1
  • Subdivision ALBERTA ARTS / CONCORDIA
  • Tax Amount 3298.22
  • Terms Cash,Conventional,FHA,VA Loan
  • Third Party Approval Y/N No
  • Utilities Included Trash Collection,Sewer,Water
  • View Y/N No
  • Water Description Public
  • Year Built 1977
  • Zoning R 2.5

Building Features

  • Exterior Description Metal Siding
  • Garage Or Parking Spaces 2
  • SqFt Approximate Building Total 1560
  • Unit Type1 Baths Total 1
  • Unit Type1 Beds Total 2
  • Unit Type1 Features Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
  • Unit Type1 Rent 1350
  • Unit Type1 SqFt 780
  • Unit Type1 Units Total 1
  • Unit Type2 Baths Total 1
  • Unit Type2 Beds Total 2
  • Unit Type2 Features Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
  • Unit Type2 Rent 1395
  • Unit Type2 SqFt 780
  • Unit Type2 Units Total 1
  • UnitFeatures Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
  • UnitTypeType 1,2

Room Features

  • Basement Foundation Crawl Space
  • Legal Description VERNON, BLOCK 12, LOT 15
  • Limited Representation Y/N Full Service

Property Features

  • Lot Description Level
  • Lot Size 5,000 to 6,999 SqFt
  • Parking Description Attached,Paved
  • Property Category MultiFamily
  • Roof Type Composition

Schools

  • Elementary School Vernon
  • High School Jefferson
  • Middle School Vernon

Listing agent photo

Kent Mathews

Broker

503-998-1658Meadows Group Inc., Realtors MEAO02

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Price & Status History

Days on Market

  • This property has been listed on the market for 130 days

Location

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Listing agent photo

Kent Mathews

Broker

503-998-1658Meadows Group Inc., Realtors MEAO02

Ask A Question

Community Demographics for Zip Code 97211 (Portland)

Housing Occupancy
  • Home Owners: 8,229 (55%)
  • Renters: 3,970 (27%)
  • Vacant: 2,672 (18%)
  • Total Housing Units: 14,871
Households
  • Average Household Size: 2.42
  • Housing Density (People per square mile): 4,228
Age Range (number of people)
  • Age 0-14: 6,404
  • Age 15-24: 3,036
  • Age 25-39: 4,748
  • Age 40-59: 9,682
  • Age 60-79: 5,938
  • Age 80+: 884
  • Total: 30,692

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 97211 (Portland)

Public Schools in Zip Code 97211 (Portland)

* This list of schools may not match the property above.

ALLIANCE HIGH SCHOOL 4039 NE ALBERTA CT PORTLAND, OR 97211 Phone: 5039165747 9th-12th
Grade Size Distribution
  • 9th: 4
  • 10th: 31
  • 11th: 119
  • 12th: 134
School Population
  • Teachers: 26
  • Students per Teacher: 11.1
  • Students: 288
  • Male/Female: 141/137
School District
  • PORTLAND SD 1J
  • 501 NORTH DIXON ST PORTLAND, OR 96227
  • Phone: 5039162000
District Population
  • Schools: 93
  • Full-Time Teachers: 2557
  • Students per Teacher: 17.6
  • Staff: 5311
  • Students: 45024
FAUBION ELEMENTARY SCHOOL 3039 NE PORTLAND BLVD PORTLAND, OR 97211 Phone: 5039165686 K-8th
Grade Size Distribution
  • Knd: 52
  • 1st: 46
  • 2nd: 39
  • 3rd: 50
  • 4th: 42
  • 5th: 54
  • 6th: 37
  • 7th: 19
  • 8th: 37
School Population
  • Teachers: 21
  • Students per Teacher: 17.9
  • Students: 376
  • Male/Female: 172/175
School District
  • PORTLAND SD 1J
  • 501 NORTH DIXON ST PORTLAND, OR 96227
  • Phone: 5039162000
District Population
  • Schools: 93
  • Full-Time Teachers: 2557
  • Students per Teacher: 17.6
  • Staff: 5311
  • Students: 45024
KING ELEMENTARY SCHOOL 4906 NE 6TH AVE PORTLAND, OR 97211 Phone: 5039166456 PreK-8th
Grade Size Distribution
  • Knd: 51
  • 1st: 39
  • 2nd: 42
  • 3rd: 46
  • 4th: 53
  • 5th: 43
  • 6th: 26
  • 7th: 31
  • 8th: 30
School Population
  • Teachers: 26
  • Students per Teacher: 13.9
  • Students: 361
  • Male/Female: 195/160
School District
  • PORTLAND SD 1J
  • 501 NORTH DIXON ST PORTLAND, OR 96227
  • Phone: 5039162000
District Population
  • Schools: 93
  • Full-Time Teachers: 2557
  • Students per Teacher: 17.6
  • Staff: 5311
  • Students: 45024
VERNON ELEMENTARY SCHOOL 2044 NE KILLINGSWORTH ST PORTLAND, OR 97211 Phone: 5039166415 PreK-8th
Grade Size Distribution
  • Knd: 45
  • 1st: 48
  • 2nd: 54
  • 3rd: 43
  • 4th: 45
  • 5th: 48
  • 6th: 26
  • 7th: 26
  • 8th: 39
School Population
  • Teachers: 25
  • Students per Teacher: 15.0
  • Students: 374
  • Male/Female: 165/181
School District
  • PORTLAND SD 1J
  • 501 NORTH DIXON ST PORTLAND, OR 96227
  • Phone: 5039162000
District Population
  • Schools: 93
  • Full-Time Teachers: 2557
  • Students per Teacher: 17.6
  • Staff: 5311
  • Students: 45024
WOODLAWN ELEMENTARY SCHOOL 7200 NE 11TH AVE PORTLAND, OR 97211 Phone: 5039166282 PreK-8th
Grade Size Distribution
  • Knd: 60
  • 1st: 62
  • 2nd: 68
  • 3rd: 53
  • 4th: 51
  • 5th: 47
  • 6th: 34
  • 7th: 29
  • 8th: 18
School Population
  • Teachers: 28
  • Students per Teacher: 15.1
  • Students: 422
  • Male/Female: 213/202
School District
  • PORTLAND SD 1J
  • 501 NORTH DIXON ST PORTLAND, OR 96227
  • Phone: 5039162000
District Population
  • Schools: 93
  • Full-Time Teachers: 2557
  • Students per Teacher: 17.6
  • Staff: 5311
  • Students: 45024

Private Schools in Zip Code 97211 (Portland)

* This list of schools may not match the property above.

JUDAH EDUCATIONAL CENTER 5632 NE 33RD AVE Portland, OR 97211 Phone: 5032812793 5th-10th
Grade Size Distribution
  • 5th: 1
  • 6th: 2
  • 7th: 3
  • 10th: 1
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 9
Black Education Center 4919 NE 17th Ave Portland, OR 97211 Phone: 5032849552
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 0

* School data provided by US Department of Education


The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Meadows Group Inc., Realtors are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2018 RMLS™, Portland, Oregon. This content last updated on 10/22/2018 10:39 PM PST. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional