9295 SW HILL ST, Portland, OR 97223
- $735,000
- 2,264
- SqFt
- List Price
- $735,000
- Days on Market
- 26
- MLS#
- 270374659
- Property Type
- Multifamily
- Sqft. of Residence
- 2,264
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Tigard, Tualatin, Sherwood, Wilsonville
- Status
- ACTIVE
Property Description
Investor-focused Tigard duplex listed at $735,000 with both units leased at $2,300/month. Scheduled gross income is $55,200/year with reported annual operating expenses of approximately $5,165, producing an estimated NOI of $50,035 and an estimated 6.81% cap rate at list price. GRM is approximately 13.32. Each unit offers approximately 1,132 square feet with 3 bedrooms, 1.5 bathrooms, air conditioning, deck, dishwasher, washer/dryer, and functional two-level layouts. Both units have been updated in recent years with new carpet downstairs and vinyl flooring on the main level. Bedrooms and full bathrooms are located on the lower level, while each unit features a private back deck overlooking Fanno Creek, mature trees, and natural surroundings.Tenants are responsible for utilities, supporting cleaner expense management for the owner. A strong long-term hold opportunity with immediate income, tenant occupancy in place, updated interiors, and a desirable Tigard location.
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Additional Information
- Tax Amount
- $5,165
- Year Built
- 1989
- High School
- Tigard
- Elementary School
- Templeton
- Middle School
- Twality
- Garage Spaces
- 2
- Acres
- 0.18
- Living Area
- 2,264
- Stories
- 2
- Lot Size Dimension
- 115 x 70
- Terms
- Cash, Conventional
- Cooling Description
- Heat Pump, Mini Split
- Fuel Description
- Electricity
- Heating Description
- Heat Pump, Mini Split
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- T-111 Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Waterfront Description
- Creek
- View
- Creek/Stream
- Parking
- Driveway, Garage
- Waterfront
- Yes
- Security Or Entry
- Entry, Sidewalk
- Parking Description
- Driveway, Garage
- Road Surface
- Paved
- Number Of Units Total
- 2
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 2300
- Unit Type One Sq Ft
- 1132
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
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Listing courtesy of Works Real Estate.
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