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About the Listing HMAX01 - MESSICK
Turnkey SE Portland income property with a private permitted ADU (2020), a 10.8× GRM, and $51,000 in projected gross annual rent — both units vacant and ready for your tenants on day one. Unit A is a 720 SF one-level 1953 bungalow that lives far larger than its footprint. Solid oak hardwood floors run throughout, a newer heat pump mini-split HVAC keeps things comfortable year-round, and a new dishwasher and newer 6 ft cedar privacy fence complete the recent upgrades. Fully fenced front and back yards give tenants outdoor space that commands top-of-market rents. Projected at $2,400/month. Unit B is where this property really shines. Built in 2020 and fully permitted, this 288 SF tiny home ADU is accessed via a private entrance off the back alley — completely separate from the main house. Vaulted ceilings and generous natural light make it feel open and airy well beyond its square footage. It's fully appointed with in-unit stack laundry, a range/oven, and microwave— the kind of amenities that attract, quality tenants. A separate electric meter, fully fenced private yard, and gated off-street parking complete the picture. Strong rental history at $1,850/month speaks for itself. Combined gross rent of $4,250/month. GRM of 10.8×. A permitted ADU that would cost six figures to replicate today. This is a rare opportunity to acquire a fully upgraded, income-producing Portland property without the usual value-add risk. Located in Woodstock/Mt. Scott-Arleta — walkable to Woodstock Park, minutes from Reed College, and close to the restaurants and shops and new food trucks at The Heist. Arleta School and Franklin High School attendance area.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Residential
MLS ®
745637149
Year Built
1953
Total Square Footage
1,008
Lot/Acreage
0.11
County
Multnomah
Neighborhood
Woodstock/Mt Scott
Elementary School
Arleta
Middle School
Kellogg
High School
Franklin
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances: Dishwasher, Free-Standing Range, Free-Standing Refrigerator
- Air Cond: MiniSplit
- Heating: Ductless,Mini Split,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other: AccessoryDwellingUnit,Ceiling Fan(s),Hardwood Floors,Separate Living Quarters/Apartment/Aux Living Unit,Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Level,Private
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Composition
- Others: Fenced,Patio,Resale
- Sewer: Public Sewer
- Parking Features: Driveway,Off Street
Financial Details
- Tax Amount: $4,191
- Taxes w/Assessments: N/A
- Tax/Property ID: R290233
- Tax Year: N/A
Payment Calculator
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Questions About..
6619 SE Woodstock Blvd Portland, OR 97206
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