6920 27th Av Active Save Request In-Person Tour Request Virtual Tour
Portland,OR 97211
Key Details
Property Type Single Family Home
Sub Type Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,195 sqft
Price per Sqft $409
Subdivision Irvington Pk
MLS Listing ID 821871
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1954
Annual Tax Amount $4,243
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
This stunning Mid-Century Modern home is situated on a prime corner lot, zoned for additional ADU structures, offering a unique layout and incredible potential for expansion. The property includes two usable basements, perfect for building two additional units. The yard has been professionally leveled and is ready for construction. Key Features: • Complete Renovation: The entire home has been remodeled with brand new electrical, plumbing, ceilings, floors, fixtures, and windows. Ensuring a modern and worry-free living experience. • Main Floor: Boasts high vaulted ceilings with exposed beams, large windows, and an open-concept layout featuring hardwood floors, custom built-ins, and a beautifully remodeled kitchen designed for versatility and style. • Finished Basement: Serves as a luxurious master suite with a separate entrance and laundry, making it ideal as a private ADU or guest living quarters. Rental Income: • Upper Unit: Currently rented for $2,800 per month • Lower Unit: Rented for $2,200 per month With a 5.1% cap rate and a net profit of $48,000, this property represents an excellent investment opportunity. The upper backyard is a retreat in itself, complete with wood decking and two gazebos—perfect for outdoor entertaining. Furniture is negotiable per the seller. This is a must-see property with significant potential for additional income and expansion. Please refer to the private remarks for more detailed information.
Location
State OR
County Multnomah
Area Os Outside 4 County Area
Rooms
Basement Finished,Full
Primary Bedroom Level Lower/Basement
Kitchen 12x10
Interior
Heating Wood,Central AC,Stove,Forced Air
Cooling Wood,Central AC,Stove,Forced Air
Flooring Laminate,Vinyl,Wood
Fireplaces Type Wood
Exterior
Garage None
Roof Type Built-Up
Garage No
Building
New Construction No
Others
Acceptable Financing Federal VA,Cash,Conventional
Listing Terms Federal VA,Cash,Conventional