Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.6% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. DND Tenants.
Listing Provided Courtesy of Michael Kafoury, Urban Nest Realty
General Information
331659176
49
DOM
5
3
3420
1956
R2.5
Multnomah
R142608
Creston 7/10
Kellogg
Franklin 5/10
MultiFamily
CRESTON, BLOCK 1, S 5' OF LOT 7, LOT 8
Listing Provided Courtesy of Michael Kafoury, Urban Nest Realty
Krishna Realty data last checked: Oct 14, 2025 13:14 | Listing last modified Jun 23, 2025 14:56,
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Residence Information
3420
5
3
Composition
Carport,OffStreet
1956
No
WoodSiding
FullBasement,PartiallyFinished
FullBasement,Partial
ConcretePerimeter
Features and Utilities
CentralAir
Electricity
ForcedAir
PublicSewer
Electricity
Gas
Financial
6700.1
0
None
Assumable,Cash,Conventional,FHA,VALoan
05-05-2025
No
No
Comparable Information
49
162
Assumable,Cash,Conventional,FHA,VALoan
$780,000
$780,000
Jun 23, 2025 14:56
Schools
public Elementary : Creston
7/10Ratings Middle : Kellogg N/ARatingspublic High : Franklin
5/10Ratings
Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.6% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. DND Tenants.
