7454 N HAVEN AVE Portland, OR $ 699,000
7454 N HAVEN AVE
$ 699,000
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7454 N HAVEN AVE

Portland, OR, 97203
$ 699,000
Bedrooms5 Baths2.0 Sq 2,663

Monthly Estimate*

$ 4,883

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Multi-Family Home for sale in Portland, OR

for $699,000 with 5 bedrooms and 2 full baths. This 2,663 square foot home was built in 1906 on a lot size of 0.12.

Investor's Dream in University Park: This duplex offers an exceptional opportunity for savvy investors. With two distinct units - a 2-bedroom, 1-bath and a 3-bedroom, 1-bath - this property maximizes rental potential. In addition, there is 816 sq. ft. of unfinished basement for extra storage plus the R2.5 zoning allows for potential conversion of 520sq.ft garage to an additional unit/ADU. Each unit boasts modern amenities including stainless steel appliances, hardwood floors, and in-unit washer and dryer, ensuring high tenant satisfaction and premium rental rates.Strategic Design: Featuring private entrances and tall ceilings, tenants enjoy a sense of exclusivity and space. The covered porch provides an inviting outdoor area, while the garden and patio offer additional relaxation spots. Investors can leverage the unfinished basement for extra storage or as an added amenity for tenants.Potential for Expansion: The large garage space presents a unique opportunity to convert into a third rental unit, further increasing rental income potential. With the ability to accommodate multiple vehicles or serve as a workshop/storage area, this space offers flexibility for various investment strategies.Prime Location: Situated in University Park, this property is in a highly desirable rental market, attracting tenants seeking proximity to amenities & employment opportunities. Investors can capitalize on the consistent demand for housing in this area, ensuring stable occupancy rates and strong rental yields. Don't miss out on this lucrative investment opportunity! With its strategic design, prime location, and potential for expansion, this duplex offers a pathway to long-term financial growth in the lucrative rental market

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Multi-Family Active

Price

$ 699,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,002

Style

Lot Size

0.12

Year Built

1906

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24112823

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling WindowUnit
Roof Composition
Zoning R2.5
Year Built 1906
Stories 2
Tax Year 2023
Gross Income 46144.0
County Multnomah
Net Operating Income 10703.0
Operating Expense 35441.0
Property Type MultiFamily
Subdivision Name UNIVERSITY PARK
Rent Includes Electricity Gas Sewer TrashCollection Water
Status Active
Directions N. Lombard St. to N. Haven Ave.
High School Roosevelt
City Portland
Total Units 2
MLS Area _141
Lot Size Square Feet 5227.0
Street Name HAVEN
Listing Terms Cash Conventional
Elementary School Astor
Tax Annual Amount 6002.49
Middle/Junior High School Astor
Property Condition UpdatedRemodeled
Virtual Tour https://my.matterport.com/show/?m=PrQKmfzd6eG&brand=0
Days on Market 13
Standard Status Active
Legal Description UNIVERSITY PK BLOCK 71 NELY 1/2 OF LOT 29 LOT 30
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Interior
Basement StorageSpace Unfinished
Storage Basement Garage
Hot Water Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 3
Street Suffix AVE
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features OnStreet
Lot Features Trees
Water Source PublicWater
Exterior Description ShakeSiding WoodSiding
Building Area Total 2663.0
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 7454
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* Excluded Features
List By
Redfin

Broker

tanya.smith@redfin.com

Email

Affordability Calculator

$5,383
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,883
Monthly Property Taxes
$500
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949762 Elementary School
1950192 Middle School
Roosevelt High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2024$699,000 Listed Price

Map


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7454 N HAVEN AVE, Portland, OR, 97203 is a Multi-Family Home for sale at $699,000 with 2,663 sqft and a lot size of 0.12. 7454 N HAVEN AVE has 5 bedrooms, 2.0 baths, and was built in 1906. The property's zip code is 97203 which is in Portland, OR