4 bed 2 bath house for sale 3116 SE 7th Ave, Portland, OR 97202

Exceptional Investment Opportunity in Brooklyn

Location: Brooklyn, Portland Southeast
Property Type: Duplex (Multi-family 2-4 units)
Status: For Sale

Property Overview

Seize the opportunity to invest in this charming duplex nestled in the heart of Brooklyn. This prime property features two 2-bedroom, 1-bathroom units, with one unit currently vacant and the other occupied by month-to-month tenants, ensuring immediate rental income potential.

Key Features

Units:

• Upstairs Unit:
  • Spacious Living Areas: Bright and inviting with ample natural light.
  • Bedrooms: Two well-sized bedrooms.
  • Bathroom: Full bathroom with modern fixtures.
  • Laundry: Exclusive access to a washer and dryer located in the dedicated basement storage space.
• Downstairs Unit:
  • Comfort: Equipped with a heat pump for efficient heating and air conditioning.
  • In-Unit Laundry: Convenient washer and dryer for hassle-free laundry days.
  • Outdoor Space: Features a private deck, perfect for outdoor relaxation and entertaining.
  • Storage: Large dedicated storage space in the basement.

Shared Amenities:

• Landscaped Backyard: Both units share access to a spacious, nicely landscaped backyard and side yard, providing ample space for gardening, recreation, or enjoying the outdoors.
• Additional Storage: The basement includes a common area for lawn and yard tools, along with an extra large room for landlord storage.

Location Highlights:

• Walkability & Bikeability: Situated in a highly sought-after neighborhood with excellent walk and bike scores, making it easy to access local amenities.
• Convenience: Close to commuting options, parks, restaurants, and the scenic river, enhancing the appeal for potential tenants.

Investment Potential:

• Immediate Income: With one unit vacant and the other occupied by month-to-month tenants, you can begin generating income right away.
• Market Appeal: The desirable location and spacious living arrangements make this duplex an attractive option for renters.

Property Specifications:

• Year Built: 1896
• Lot Size: 4,791 sq ft
• Price per Sq Ft: $207
• Cooling: Yes (A/C)