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Listed by Portland's Alternative Inc., Realtors
$ 939,000
Est. payment | /mo
$ 939,000
Est. payment | /mo
OPEN HOUSE
Sat Apr 05, 12:00pm - 3:00pm
Sun Apr 06, 12:00pm - 3:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Kerns
MLS Listing ID 140853907
Year Built 1916
Annual Tax Amount $10,311
Property Description
AMAZING INVESTMENT OPPORTUNITY IN KERNS! HISTORIC RENTS HAS THIS PROPERTY CASH FLOWING 12K PER YEAR WITH 25% DOWN! Buyer to check with their own lender or reach out to listing broker. Historic 1916 Craftsman w/Stunning ADU offers a rare opportunity to own two homes on one lot in one of Portland's most accessible neighborhoods. An ideal solution for multi-generational living or rental income in a location that embodies Portland's distinctive character.The light-filled main house welcomes you w/an airy entry flowing into a spacious living area. The formal dining room, butler's pantry & intimate study blend vintage charm w/practical living, perfect for everyday life & entertaining.4 bedrooms upstairs provide comfortable spaces for family, guests, or home offices while the unfinished basement & attic offer exciting possibilities—an art studio or your dream suite?Throughout the home, original architectural details compliment stylish updates, including custom lighting, SS appliances & elegant granite countertops. Cleverly-designed built-ins throughout maximize storage while preserving the home's character. Watch the world go by from the front porch or relax on the 2nd floor balcony overlooking the urban orchard filled w/fruit trees and perennial gardens.The custom-built ADU completed in 2021 is just as stunning as the main home. This 800-square-foot standalone unit features an open living area, full kitchen, eating nook & a generous upstairs bedroom which leads to a private heated patio. In addition, the ADU has two luxurious full baths & gorgeous floor-to-ceiling custom built-in shelving making this additional home truly one-of-a-kind. Dedicated off-street parking.This property sits in the heart of one of the city's most celebrated neighborhoods. Just blocks away, you'll find world-renowned restaurants from James Beard award winners to beloved local institutions that define the city's food scene.A prime location w/the perfect blend of tranquil living & urban convenience.
Location
State OR
County Multnomah
Area _142
Zoning RM3
Rooms
Basement Full Basement
Interior
Heating Forced Air, Gas Stove, Mini Split
Cooling Mini Split
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Buckman
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
