Portland, OR 97206,2914 SE 52ND AVE
Portland, OR 97206,2914 SE 52ND AVE
Portland, OR 97206,2914 SE 52ND AVE
Portland, OR 97206,2914 SE 52ND AVE
Portland, OR 97206,2914 SE 52ND AVE
Portland, OR 97206,2914 SE 52ND AVE
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Listed by Coldwell Banker Bain • #AGENT_PHONE
Bought with Ianos Realty

$700,000

$698,000

0.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,600 SqFt


SOLD DATE : 05/30/2024

Key Details

Sold Price $700,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $437

Subdivision Richmond South Tabor

MLS Listing ID 23347982

Sold Date 05/30/24

Year Built 1915

Annual Tax Amount $2,399

Tax Year 2022

Property Description

PRICE IMPROVEMENT+ NEW Food Truck Income!This rare mixed-used multi unit commercial residential property is on an ample sized 59' by 100' corner lot zoned CR in the desirable Richmond / South Tabor 3 or more income streams . It is directly on the Clinton/Woodward Greenway bike route next to Franklin High School in a friendly, tight knit tree-lined residential neighborhood. Only a short walk to parks and nearby Division and Powell restaurant and shopping. The front commercial unit is a charming renovated retail space (rented) with a 30'L x 7'6"H glass window store frontage and half bath, great for any retail, professional office or food services. The location has good flow of both vehicle and foot traffic. It also comes with a 500+ sq/ft basement storage space with both interior and exterior access. The recently vacated residential unit consists of 2 bedrooms, living and dining rooms, full bath, in-unit washer/dryer and storage space throughout. The covered patio is perfect for hosting a cookout in any weather, and connects to the spacious upper back yard. A newly renovated coffee window or office studio opens to the expansive lower side yard now hosting a food cart for additional income stream. Don't miss the great redevelopment opportunity associated with this property. It's zoned CR 1:1 FAR, which allows multi-units up to 5,900 sq ft. The property is eligible for residential loan. This is a great income and investment asset. Perfect for a live/work, or to use one unit and rent the other. Recent renovations include store interior, patio, landscaping, paint, basement, fence, coffee window/ office and much more. Conceptual design for future development is included. Walk score 89, Transit score 52, Bike Score 98!!! Businesses are not for sale and the Broker is part owner of the property. Please note 3D walk through is only showing the residential unit.

Location

State OR

County Multnomah

Area _143

Zoning CR

Rooms

Basement Exterior Entry, Partial Basement, Storage Space

Interior

Heating E N E R G Y S T A R Qualified Equipment, Wall Heater

Cooling Window Unit

Exterior

Roof Type TarGravel

Garage No

Building

Lot Description Corner Lot, On Busline, Trees

Story 1

Foundation Concrete Perimeter, Other, Pillar Post Pier

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Atkinson

Middle Schools Mt Tabor

High Schools Franklin

Others

Acceptable Financing CallListingAgent, Cash, Conventional, FMHALoan, OwnerWillCarry, Trade

Listing Terms CallListingAgent, Cash, Conventional, FMHALoan, OwnerWillCarry, Trade

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Regional Multiple Listing Service (RMLS)

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Ted Tanner

Principal Broker | Lic# 201210644

+1(503) 828-7839

1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006

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