454 N 4TH AVE Cornelius, OR $ 545,000
454 N 4TH AVE
$ 545,000
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454 N 4TH AVE

Cornelius, OR, 97113
$ 545,000
Bedrooms4 Baths2.0 Sq 1,560

Monthly Estimate*

$ 3,622

454 N 4TH AVE, Cornelius, OR 97113 - Image 1
454 N 4TH AVE, Cornelius, OR 97113 - Image 2
454 N 4TH AVE, Cornelius, OR 97113 - Image 3
454 N 4TH AVE, Cornelius, OR 97113 - Image 4
454 N 4TH AVE, Cornelius, OR 97113 - Image 5
454 N 4TH AVE, Cornelius, OR 97113 - Image 6

Multi-Family Home for sale in Cornelius, OR

for $545,000 with 4 bedrooms and 2 full baths. This 1,560 square foot home was built in 1973 on a lot size of 0.22.

Looks like a great investment opportunity! Zoning for up to a quadplex provides the potential to expand and increase rental income. Buyer to do due diligence with the city. The property already has a functioning duplex with two units, each featuring 2 bedrooms and 1 bathroom. The individual fenced patios and washer/dryer hookups are attractive features for tenants. Additionally, the detached 2-car garage with separate roll-up doors adds value. Or take the opportunity to expand. The location, having public transportation and shopping a couple blocks away, is convenient for tenants and can help maintain a high occupancy rate. The current tenants are on a month-to-month agreement (for far less than current rent market) which offers flexibility for future plans. Please do not disturb tenants or walk the property.

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Multi-Family Active

Price

$ 545,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,199

Style

Lot Size

0.22

Year Built

1973

Town/City

Cornelius

County/Region

Washington

MLS | Web ID

24613083

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning A2
Garage Spaces 2.0
Security Features None
Year Built 1973
Stories 1
Tax Year 2023
Gross Income 19572.0
County Washington
Net Operating Income 13613.0
Operating Expense 5959.0
Property Type MultiFamily
Rent Includes Sewer TrashCollection Water
Status Active
Directions From Adair St go North on 4th Ave Last duplex on right side of road before railroad tracks
High School Forest Grove
City Cornelius
NumberOfUnitsTotal 2
MLS Area _152
Lot Size Square Feet 9583.0
Listing Terms Cash Conventional Rehab
Elementary School Cornelius
Tax Annual Amount 3199.0
Middle/Junior High School Tom McCall
Property Condition Existing
Days on Market 28
Standard Status Active
Legal Description CORNELIUS ENVIRONS LOT PT 27 ACRES 0.22
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Interior
Basement None
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Open
Lot Features Level
Water Source PublicWater
Exterior Description Other
Foundation Details ConcretePerimeter
Building Area Total 1560.0
Lot Dimensions 9583
Lot Size Acres 0.22
Road Surface Type Paved
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Internal Only
Street Number 1 454
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* Excluded Features
List By
John L. Scott Market Center

Broker

stephanielm@johnlscott.com

Email

Affordability Calculator

$3,889
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,622
Monthly Property Taxes
$267
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1951194 Elementary School
1950105 Middle School
Forest Grove High School High School
Pricing History
DatePricePrice ChangeDescription
5/24/2024$545,000 Listed Price

Map


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454 N 4TH AVE, Cornelius, OR, 97113 is a Multi-Family Home for sale at $545,000 with 1,560 sqft and a lot size of 0.22. 454 N 4TH AVE has 4 bedrooms, 2.0 baths, and was built in 1973. The property's zip code is 97113 which is in Cornelius, OR