Small rental complex, 6 units set up as 2 triplexes with center lawn and courtyard. Some recent updates to several units. Roof is in good shape but age unknown. Prime location and potential for Re-development. 2 Blocks from intersection of Murray and Cornell. Most tenants have been long term, and even with recent rent increase rates are still low for market.
Off market
Street View
Price Unknown
690 NW Joy Ave, Portland, OR 97229
4beds
2baths
2,592sqft
MultiFamily
Built in 1967
-- sqft lot
$-- Zestimate®
$--/sqft
$2,871 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
 - Bathrooms: 2
 
Heating
- Electric
 
Features
- Locked Storage
 - Basement: Crawl Space
 
Interior area
- Total interior livable area: 2,592 sqft
 
Property
Lot
- Features: Level, Commons
 
Details
- Zoning: rc
 
Construction
Type & style
- Home type: MultiFamily
 
Materials
- Roof: Composition
 
Condition
- Existing
 - Year built: 1967
 
Utilities & green energy
- Sewer: Public Sewer
 - Water: Public
 - Utilities for property: Electricity Connected, Cable Connected
 
Community & neighborhood
Security
- Security features: Entry, Sidewalk
 
Location
- Region: Portland
 
HOA & financial
Other financial information
- Total actual rent: 1900
 
Other
Other facts
- Sewer: Public Sewer
 - WaterSource: Public
 - FoundationDetails: Concrete Perimeter
 - RoadSurfaceType: Paved
 - HeatingYN: true
 - Utilities: Electricity Connected, Cable Connected
 - Heating: Zoned
 - Zoning: rc
 - NumberOfUnitsTotal: 6
 - Roof: Composition
 - LotFeatures: Level, Commons
 - Basement: Crawl Space
 - FarmLandAreaUnits: Square Feet
 - RentIncludes: Water, Sewer, Trash Collection
 - OpenParkingYN: true
 - OperatingExpense: 25000
 - NetOperatingIncome: 42000
 - Appliances: Electric Water Heater
 - ParkingFeatures: Open
 - TotalActualRent: 1900
 - ConstructionMaterials: T-111 Siding
 - GrossIncome: 67000
 - CapRate: 4.31
 - PropertyCondition: Existing
 - InteriorFeatures: Locked Storage
 - MlsStatus: Pending
 - SecurityFeatures: Entry, Sidewalk
 - CommunityFeatures: Commons
 - TaxAnnualAmount: 8014.00
 - Road surface type: Paved