Property Description

Unique opportunity with this Sellwood/Moreland neighborhood 5-plex. Close to so many amenities, a short distance to parks, schools and public transit. One unit is currently vacant, but being renovated, offering flexibility for a new owner to possibly live in the unit or put their own tenant into it, at a full market rate. Unfinished basement could be a 6th unit (see floor plan layout in photos), quickly adding over 22% in total annual rents. Lot size and RM1 zoning allows for development opportunities, to add additional units (possibly up to 10 more). Buyer to verify. Exterior was painted in August. Easy care, low maintenance yard with large grass areas for outdoor activities during our sunny months. This property offers multiple options for adding value and additional income streams. Please do not disturb tenants.