$525000
-
3 Bed
-
2 Bath
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2200 SqFt
-
44 DOM
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Built: 1956
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Status: Active
Love this home?
Turnkey Investment with High-Quality Tenant and strong Cash Flow. This is an ideal opportunity for investors seeking reliable, above-market income from day one. This well-maintained property lives like a duplex with two kitchens, two living areas, and a flexible layout including a lower-level suite with exterior access.The current long-term tenant runs an on-site licensed, state-funded childcare business. Government subsidies back the rent, offering consistent, guaranteed income. The tenant maintains the property well and is open to a long-term lease with built-in renewal options.Upgrades include a newer furnace, A/C, LVP flooring, an updated kitchen downstairs, newer appliances (fridge, dishwasher, washer/dryer), fresh interior/exterior paint, a covered deck, updated windows, a DEQ-certified oil tank decommission, and asbestos/lead paint clearance.Zoned residential and in a quiet neighborhood, this property offers strong immediate returns, minimal management, and a tenant who treats it like their own. It is perfect for investors seeking a high-performing, low-drama asset with long-term upside.
Listing Provided Courtesy of Drew Coleman, Opt
General Information
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778131711
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SingleFamilyResidence
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44 DOM
-
3
-
9583.2 SqFt
-
2
-
2200
-
1956
-
-
Multnomah
-
R310591
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Lincoln Park
-
Ron Russell
-
David Douglas
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Residential
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SingleFamilyResidence
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WINVILLE, BLOCK 1, LOT 2
Listing Provided Courtesy of Drew Coleman, Opt
PDXA1 Realty Group data last checked: Jul 29, 2025 13:08 | Listing last modified Jun 30, 2025 11:07,
Source:
Residence Information
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0
-
1127
-
1073
-
2200
-
Owner
-
1127
-
2/Gas
-
3
-
2
-
0
-
2
-
Composition
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1, Attached
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DaylightRanch,Ranch
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Driveway,OffStreet
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2
-
1956
-
No
-
-
Cedar, ShakeSiding
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ExteriorEntry,Finished,SeparateLivingQuartersApartmentAuxLivingUnit
-
-
-
ExteriorEntry,Finish
-
-
-
Features and Utilities
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HardwoodFloors
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Dishwasher, Disposal, FreeStandingRange
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HardwoodFloors, Laundry, WalltoWallCarpet, WasherDryer
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CoveredDeck, Fenced, ToolShed, Yard
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CaregiverQuarters, MinimalSteps, Parking
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CentralAir
-
Gas
-
ForcedAir
-
PublicSewer
-
Gas
-
Gas
Financial
-
5524.38
-
0
-
-
-
-
Cash,Conventional,FHA,VALoan
-
05-17-2025
-
-
No
-
No
Comparable Information
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-
44
-
73
-
-
Cash,Conventional,FHA,VALoan
-
$525,000
-
$525,000
-
-
Jun 30, 2025 11:07
Schools
Map
Listing courtesy of Opt.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 29, 2025 13:08 | Listing last modified Jun 30, 2025 11:07.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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