Charming duplex in the heart of the Reed College Neighborhood with a 6.34 cap rate. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors & gas fireplace. Lower unit is 2 bedroom/2 bath and remodeled in 2011. Both units have laundry. All siding was just replaced & painted. Great rents and extremely low vacancy rates. Please do not disturb tenants and make offers subject to interior inspection. Upstairs unit is on a lease through 10/31/25, downstairs unit is on month to month. Operating expenses include a monthly property management fee of 6%.
Listing Provided Courtesy of Sara Lewis, Windermere Realty Trust
General Information
385340385
23
DOM
6
5662.8 SqFt
3
2700
1944
R2.5
Multnomah
R591049
Grout 3/10
Hosford
Cleveland 5/10
MultiFamily
BERVENS ADD, BLOCK 1, LOT 8
Listing Provided Courtesy of Sara Lewis, Windermere Realty Trust
Krishna Realty data last checked: Sep 26, 2025 13:07 | Listing last modified Sep 26, 2025 01:22,
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Residence Information
2700
6
3
Composition
OffSite
3
1944
No
Brick, LapSiding
Daylight,Finished,FullBasement
Daylight,Finished,Fu
Slab
Features and Utilities
Gas
ForcedAir
PublicSewer
Gas
Gas
Financial
7503.83
Water
Cash,Conventional
09-03-2025
No
No
Comparable Information
23
23
Cash,Conventional
$800,000
$800,000
Sep 26, 2025 01:22
Schools
public Elementary : Grout
3/10Ratings Middle : Hosford N/ARatingspublic High : Cleveland
5/10Ratings
Charming duplex in the heart of the Reed College Neighborhood with a 6.34 cap rate. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors & gas fireplace. Lower unit is 2 bedroom/2 bath and remodeled in 2011. Both units have laundry. All siding was just replaced & painted. Great rents and extremely low vacancy rates. Please do not disturb tenants and make offers subject to interior inspection. Upstairs unit is on a lease through 10/31/25, downstairs unit is on month to month. Operating expenses include a monthly property management fee of 6%.
