About 5105 Se Tibbetts St
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 5.4% 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. No Showings, please contact the listing agent for Open House information or questions. DND Tenants.
Features of 5105 Se Tibbetts St
| MLS® # | 24287734 |
|---|---|
| Price | $825,000 |
| Units | 3 |
| Square Footage | 3,420 |
| Acres | 0.13 |
| Year Built | 1956 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 5105 Se Tibbetts St |
|---|---|
| Area | 143 - Portland Southeast |
| Subdivision | SOUTH TABOR |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97206 |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full Basement, Partially Finished, Separate Living Quarters/Apartment/Aux Living Unit |
Exterior
| Exterior | Shake Siding |
|---|---|
| Lot Description | Level, Corner Lot |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Creston |
|---|---|
| Middle | Kellogg |
| High | Franklin |
Additional Information
| Date Listed | April 11th, 2024 |
|---|---|
| Days on Market | 21 |
| Zoning | R2.5 |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 5.36 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $2,032 |
| Features | HardwoodFloors, Range, Storage, WasherDryer |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,250 |
| Features | AirConditioning, HardwoodFloors, Storage, WasherDryer |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1 |
| Rent | $1,630 |
| Features | AirConditioning, Refrigerator, Storage, WasherDryer |
Listing Details
| Office | Urban Nest Realty |
|---|