About this home
Investors and house hackers - this downtown Portland 3-unit offers a strong income with two 3-bedroom units currently renting for $2,700/month each, while the vacant third-floor 2-bedroom gives you the opportunity to generate more income, move in yourself, or make further improvements to build additional equity. The property is equipped with a sprinkler system, separate electric, and a single gas meter. Add to your investment portfolio or offset your housing costs with rental income.
Listing last checked: Listing updated:
Listed by Listing Agent · Vitalius Real Estate Group, LLC · MLS #1679888
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Details at a glance
Interior3 property facts
- Heating
- Forced Air, Space Heater
- Cooling
- None
- Flooring
- Vinyl, Wood
Building5 property facts
- Style
- Other
- Year built
- 1896
- Garage
- 0
- Foundation
- Block, Brick/Mortar
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.06 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RN-4
Financial2 property facts
- Annual taxes
- $7,791
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $789,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$4,639 / monthAdjust
- Principal & interest
- $3,990
- Property tax
- $649
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $7,791. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 124 Sherman Street
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Request a tour of 124 Sherman Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.