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About the Listing 1SVR01 - BARNJAR
Dual-Dwelling Retreat Near Washington Square – Investor’s Gem! A rare opportunity featuring two charming homes on one tax lot, nestled among majestic fir trees just moments from Washington Square Mall. This serene, wooded setting offers the perfect blend of privacy and convenience, making it feel like a peaceful retreat in the heart of the city. Property Highlights include: Two updated cottages with timeless character and modern upgrades. Main house: 2 spacious bedrooms, 1 full bath, restored original hardwood floors, cozy gas fireplace, and a beautifully renovated kitchen and bath with new appliances. Second house: 2 bedrooms, 1 bath — recently updated and ideal for guests, extended family, or rental income. Energy-efficient upgrades including a brand-new tankless water heater for year-round comfort. Potential to subdivide the lot and add additional units (buyer to verify). Investment Potential: Estimated rental income: $4,000+/month. At a 5% cap rate, this property supports an $800,000 valuation. Current pricing reflects a 6.3% cap rate — a rare find in today’s market! Whether you're seeking a tranquil home with income potential or a high-performing investment in a prime location, this property delivers. Buyers are encouraged to conduct their own due diligence.
Listing Highlights
Status
Active
Days on Site
93
Property Type
Multi-Family
MLS ®
498935192
Year Built
1940
Total Square Footage
1,543
Lot/Acreage
0.29
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Zoned
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: R-5
- Roof: Composition
- Others: Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: Driveway,On Street
Financial Details
- Tax Amount: $4,584
- Taxes w/Assessments: N/A
- Tax/Property ID: R233250
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
8535 SW Oleson Rd Portland, OR 97223
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