Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by Works Real Estate • mitch.heiner@worksrealestate.co

$735,000

Est. payment - /mo

2,264 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,264 sqft

Price per Sqft $324

MLS Listing ID 270374659

Year Built 1989

Annual Tax Amount $5,165

Tax Year 2025

Lot Size 7,840 Sqft

Property Description

Investor-focused Tigard duplex listed at $735,000 with both units leased at $2,300/month. Scheduled gross income is $55,200/year with reported annual operating expenses of approximately $4,585, producing an estimated NOI of $50,615 and an estimated 6.89% cap rate at list price. GRM is approximately 13.32.Each unit offers approximately 1,132 square feet with 3 bedrooms, 1.5 bathrooms, air conditioning, deck, dishwasher, washer/dryer, and functional two-level layouts. Both units have been updated in recent years with new carpet downstairs and vinyl flooring on the main level. Bedrooms and full bathrooms are located on the lower level, while each unit features a private back deck overlooking Fanno Creek, mature trees, and natural surroundings.Tenants are responsible for utilities, supporting cleaner expense management for the owner. A strong long-term hold opportunity with immediate income, tenant occupancy in place, updated interiors, and a desirable Tigard location.

Location

State OR

County Washington

Area _151

Zoning RES-D

Rooms

Basement Crawl Space

Interior

Heating Heat Pump, Mini Split

Cooling Heat Pump, Mini Split

Exterior

Garage Spaces 2.0

Waterfront Description Creek

View Creek Stream

Roof Type Composition

Garage No

Building

Lot Description Gentle Sloping, Public Road, Stream, Trees

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Templeton

Middle Schools Twality

High Schools Tigard

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

Nearby School & Business

Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

9295 SW HILL ST Portland, OR 97223

Discover Northwest Realty - Land

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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