Bought with Works Real Estate
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Key Details
Sold Price $642,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,042 sqft
Price per Sqft $211
Subdivision Cully
MLS Listing ID 24334662
Sold Date 12/20/24
Year Built 1939
Annual Tax Amount $4,607
Tax Year 2024
Lot Size 6,969 Sqft
Property Description
Super-sweet spot in Cully, 2 distinct homes plus an oversized garage/workshop on a large lot! Always wanted your own compound? Well, here's your chance. Potential to add another dwelling unit per the City of Portland's Residental Infill Project. Primary Residence/Unit #A is a roomy 4 bedroom, 2 bath plus a fully finished basement with exterior entrance. It's updated where it counts, new electrical service, panel, water line, water heater, newer roof, furnace, and modern kitchen. The home maintains it's 1930's charm with original wood floors, solid wood doors, stone fireplace, and bountiful garden space. With a finished basement, existing bathroom, exterior entrance...does this scream 3rd unit??? ADU/Unit #B is a 1926 single level home that was given new life via relocation from an adjacent property. This 800 square foot, 2 bedroom, 1 bath transplant sits on a new foundation along with a new roof, water line, and electrical service. Enjoy the private yard on your new front porch or happy hour from your new side deck. Revamp the interior and you'll be ready to roll with either a sweet rental or a fresh new pad for yourself. From this stellar location, walk to all things Portland having coffee, food trucks and brews just down the street. Looking to generate extra income? A multi- generational living situation? At home business/office? Workshop? A friends as neighbors scenario? Potentially live in one house and rent out the other, rent both, add a third unit. Choose your own adventure with the upswing potential of this unique property. Buyer to do their own due diligence for development options. Residential listing #24268936 [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10231783]
Location
State OR
County Multnomah
Area _142
Zoning R7
Rooms
Basement Finished, Full Basement
Interior
Heating Forced Air95 Plus, Heat Pump
Exterior
Garage Spaces 1.0
Roof Type Composition
Garage No
Building
Lot Description Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Scott
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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