12901 NE PRESCOTT DR $399,000

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    12901 NE PRESCOTT DR Portland, OR 97230

    • 3 Beds
    • 3 Baths
    • Multi-Family
    • Listing# 22692948
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    Views: 18 Days On Site: 52

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    Property Details

    PRICED TO SELL! Bring your offers. Value add Duplex, cosmetic fixer with upside in below market rents. Excellent tenant history, located in the Argay Terrace neighborhood of NE Portland. The property consists of a 2 bed / 1.1 bath unit and a 1 bed / 1 bath unit. Each unit has its own washer/dryer and exterior entrances. There is alley access off street garage parking as well. Current rents are substantially under market. The property is professionally managed.

    • General Features
      • Area Portland Northeast
      • Bank Owned Y/N No
      • Capitalization Rate 2.70
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 27108
      • Gross Income Projected 34200
      • Gross Rent Multiplier 14.72
      • Heating Description Baseboard
      • Hot Water Description Electricity,Tank
      • Net Income Actual 10790
      • Net Income Projected 17882
      • Number Of Units Total 2
      • Occupancy Types Leased
      • Operating Expenses Actual 16318
      • Operating Expenses Projected 16318
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 2
      • Subdivision Argay Terrace
      • Supplement Number 0
      • Tax Amount 4584.29
      • Terms Cash,Conventional,FHA
      • Third Party Approval Y/N No
      • Utilities Included Trash Collection,Sewer,Water
      • View Y/N No
      • Water Description Public Water
      • Year Built 1999
      • Zoning CM1
    • Building Features
      • Basement Crawl Space
      • Basement1 Concrete Perimeter
      • Exterior Description Vinyl Siding
      • SqFt Approximate Building Total 1825
      • Storage Attached,Garage(s)
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 1
      • Unit Type1 Features Microwave,Range,Refrigerator,Washer/Dryer
      • Unit Type1 Rent 999
      • Unit Type1 SqFt 725
      • Unit Type1 Units Total 1
      • Unit Type2 Baths Total 2
      • Unit Type2 Beds Total 2
      • Unit Type2 Features Microwave,Range,Refrigerator,Washer/Dryer
      • Unit Type2 Rent 1260
      • Unit Type2 SqFt 1100
      • Unit Type2 Units Total 1
      • UnitFeatures Microwave,Range,Refrigerator,Washer/Dryer
      • UnitTypeType 1,2
    • Room Features
      • Legal Description PRESCOTT PLACE, LOT 16
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description LevelTrees
      • Lot Size 3,000 to 4,999 SqFt
      • Property Category Multi Family
      • Roof Type Composition
    • Schools
      • Elementary School Shaver
      • High School Parkrose
      • Middle School Parkrose

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    Neighborhood

    97230 (Portland) Demographics

    40 Median Age
    2,089 Population Density (per sq. mile)
    33% College Educated
    $54,581 Estimated Median Income
    9,056 Estimated Total Home Owners
    6,091 Estimated Total Renters
    60% / 40% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    39,776 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $469,500 Median Sales Price
    64 Homes Sold
    68 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $399,000
        5/12/2022 11:36:38 AM Status Changed Source: Multiple Listing Service New Value: Pending
        4/19/2022 1:06:15 PM Price Reduced Source: Multiple Listing Service New Value: $399,000 -6.12%
        4/1/2022 8:22:00 PM New in Database Source: Multiple Listing Service New Value: $425,000

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        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 MORE REALTY are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 RMLS™, Portland, Oregon. This content last updated on 5/23/2022 2:08:05 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.