7454 N Haven Ave, Portland, OR

$699,000

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2,663

Square feet

0.12

Acres

About 7454 N Haven Ave

Investor's Dream in University Park: This duplex offers an exceptional opportunity for savvy investors. With two distinct units - a 2-bedroom, 1-bath and a 3-bedroom, 1-bath - this property maximizes rental potential. In addition, there is 816 sq. ft. of unfinished basement for extra storage plus the R2.5 zoning allows for potential conversion of 520sq.ft garage to an additional unit/ADU. Each unit boasts modern amenities including stainless steel appliances, hardwood floors, and in-unit washer and dryer, ensuring high tenant satisfaction and premium rental rates.Strategic Design: Featuring private entrances and tall ceilings, tenants enjoy a sense of exclusivity and space. The covered porch provides an inviting outdoor area, while the garden and patio offer additional relaxation spots. Investors can leverage the unfinished basement for extra storage or as an added amenity for tenants.Potential for Expansion: The large garage space presents a unique opportunity to convert into a third rental unit, further increasing rental income potential. With the ability to accommodate multiple vehicles or serve as a workshop/storage area, this space offers flexibility for various investment strategies.Prime Location: Situated in University Park, this property is in a highly desirable rental market, attracting tenants seeking proximity to amenities & employment opportunities. Investors can capitalize on the consistent demand for housing in this area, ensuring stable occupancy rates and strong rental yields. Don't miss out on this lucrative investment opportunity! With its strategic design, prime location, and potential for expansion, this duplex offers a pathway to long-term financial growth in the lucrative rental market

Features of 7454 N Haven Ave

MLS® # 24112823
Price $699,000
Units 2
Square Footage 2,663
Acres 0.12
Year Built 1906
Type Multi Family
Status Active

Community Information

Address 7454 N Haven Ave
Area 141 - Portland North
Subdivision UNIVERSITY PARK
City Portland
County Multnomah
State OR
Zip Code 97203

Interior

Heating Forced Air
Cooling Window Unit(s)
Fireplace No
# of Stories 2
Has Basement Yes
Basement Storage Space, Unfinished

Exterior

Exterior Wood Siding, Shake Siding
Lot Description Trees
Roof Composition

School Information

Elementary Astor
Middle Astor
High Roosevelt

Additional Information

Date Listed April 16th, 2024
Days on Market 16
Zoning R2.5
Short Sale No
RE / Bank Owned No
Cap Rate 1.53

Unit 1 Details

Beds 2
Baths 1
Rent $1,700
Features Dishwasher, Range, Refrigerator, WasherDryer

Unit 2 Details

Beds 3
Baths 1
Rent $2,250
Features Dishwasher, Range, Refrigerator, WasherDryer

Listing Details

OfficeRedfin

Listing Map

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