The Fessenden Court Apts were built in 1998 as low-income housing, w/ 5 units rented to tenants earning 30% of the Median Family Income (MFI), and 4 units rented to tenants earning 60% of MFI. The units are rent restricted, see Portland Housing Bureau's website for details. Sec 8 tenants may qualify for a higher rent rate. Units are 3 BD, 1 bath, with high efficiency heaters, quality flooring and kitchens, with on-site laundry facility.
Off market
$1,034,700
7928 N Fessenden St, Portland, OR 97203
9beds
3baths
8,532sqft
MultiFamily
Built in 1998
-- sqft lot
$1,034,700 Zestimate®
$121/sqft
$2,318 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
Heating
- Electric
Appliances
- Laundry: Common Area
Interior area
- Total interior livable area: 8,532 sqft
Property
Lot
- Features: Corner Lot
Details
- Parcel number: R245355
- Zoning: R1
- Special conditions: Third Party Approval
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 2418
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Zoning: R1
- Heating: Other
- HeatingYN: true
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 9
- LotFeatures: Corner Lot
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection
- LaundryFeatures: Common Area
- CapRate: 5.54
- SpecialListingConditions: Third Party Approval
- MlsStatus: Pending
- GrossIncome: 88802
- GrossScheduledIncome: 93169
- OperatingExpense: 40342
- NetOperatingIncome: 48460
- TaxAnnualAmount: 10727.47
- TotalActualRent: 2418
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Estimated market value
$1,034,700