About This Home

This 6-bedroom, 2-bathroom residential multi family at 13414 NW SHERRY St in Portland, OR is listed for $779,000 ($313 per sqft). Built in 1951, the home offers 2,485 sqft of living space on a 0.34 acres lot.

Key Features

  • Built in 1951
  • 0.34 acre lot

Property Details

1 story
2 full
1951
Listing Description

*Don't Walk the Property* Cap rate is 6.2% with current rental income. 5-10 additional units can be added! Recent remodeling includes all new water and sewer line, new tankless water heaters, new electrical panels. Exceptional investment and development opportunity in the heart of Cedar Mill!

This remodeled duplex features two spacious 3-bedroom, 1-bath units, offering strong rental appeal in a highly desirable location. A detached shop provides additional income and yard care, currently leased for $600/month. Situated on a generous, multi-family zoned lot, the property offers significant upside with the potential to add approximately 5-10 additional units while retaining the existing improvements.

Estimated 9-12 unit project is achievable while keeping the existing structure. (buyer to complete all due diligence with Washington County). Minutes to Nike, Intel, downtown Portland, shopping, restaurants, parks, and public transit, this is a rare opportunity to own a cash-flowing asset with outstanding future development potential.

Monthly Cost Estimate

$4,166/mo

20% down · 6.5% · 30 years

Principal$563
Interest$3,376
Insurance$227

Estimates only. Actual payments may vary.

Location

13414 NW SHERRY St

Portland, OR 97229

Property Details

Heating

Forced Air

Questions & Answers

This 6-bedroom, 2-bathroom residential multi family at 13414 NW SHERRY St is listed at $779,000 ($313/sqft). The estimated monthly payment is $4,166 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1951, 0.34 acre lot.

This property is listed by Rachelle Kammann.

RK

Rachelle Kammann

Agent at Kevin Morris Realty

Listed by Kevin Morris Realty · Broker phone: (503) 805-5686 · View on Broker Site · Broker website

MLS# 741838046· Source: Regional Multiple Listing Services· 101 days on PropertySimple

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13414 NW SHERRY St, Portland, OR 97229

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