1653 SE NEHALEM ST $1,295,000


    1653 SE NEHALEM ST Portland, OR 97202

    • 1 Beds
    • 2 Baths
    • Multi-Family
    • Listing# 21488855
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    Views: 47 Days On Site: 89

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    Property Details

    Do not bother tenants. The property is immaculately maintained and is only one block from the heart of the Sellwood Neighborhood. Units have been beautifully renovated andmaintained. Units feature hardwood floors and newer countertops. Tenants can enjoy a common area basement that offers laundry on-site and individual storage.

    • General Features
      • Area Portland Southeast
      • Bank Owned Y/N No
      • Capitalization Rate 6.33
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 85260
      • Gross Income Projected 98400
      • Gross Rent Multiplier 15.19
      • Heating Description Baseboard
      • Hot Water Description Electricity,Tank
      • Net Income Actual 82005
      • Net Income Projected 96504
      • Number Of Units Total 6
      • Occupancy Types Leased
      • Operating Expenses Actual 26025
      • Operating Expenses Projected 26895
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 3
      • Subdivision SELLWOOD MORELAND
      • Supplement Number 0
      • Tax Amount 7317.69
      • Terms Cash,Conventional
      • Third Party Approval Y/N No
      • Utilities Included Trash Collection
      • View Y/N No
      • Water Description Public
      • Year Built 1910
      • Zoning CM2
    • Building Features
      • Basement Full Basement,Storage Space
      • Common Amenities Laundry
      • Exterior Description Lap Siding
      • SqFt Approximate Building Total 4814
      • Storage Individual Storage Units,Basement
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 1
      • Unit Type1 Features Dishwasher,Range,Refrigerator,Wood Floors
      • Unit Type1 Rent 1216
      • Unit Type1 SqFt 617
      • Unit Type1 Units Total 5
      • Unit Type2 Baths Total 1
      • Unit Type2 Beds Total 0
      • Unit Type2 Features Dishwasher,Range,Refrigerator,Wood Floors
      • Unit Type2 Rent 1025
      • Unit Type2 SqFt 353
      • Unit Type2 Units Total 1
      • UnitFeatures Dishwasher,Range,Refrigerator,Wood Floors
      • UnitTypeType 1,2
    • Room Features
      • Legal Description PARTITION PLAT 1998-119, LOT 1
      • Limited Representation Y/N Limited Service
    • Property Features
      • Lot Description Trees
      • Lot Size 3,000 to 4,999 SqFt
      • Property Category Multi Family
      • Roof Type Composition
    • Schools
      • Elementary School Llewellyn
      • High School Cleveland
      • Middle School Sellwood



    Charles 'Chip' Morris


    Licensed in the State of Oregon

    Lake Oswego Office

    Direct: 503-516-2244
    • 2-10 Home Buyers Warranty
    • American Home Shield - Be sure with the Shield.


    97202 (Portland) Demographics

    35 Median Age
    6,582 Population Density (per sq. mile)
    65% College Educated
    $61,768 Estimated Median Income
    8,860 Estimated Total Home Owners
    9,150 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    41,719 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $612,500 Median Sales Price
    74 Homes Sold
    72 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,295,000
        8/16/2021 10:36:20 AM Price Reduced Source: Multiple Listing Service New Value: $1,295,000 -2.26%
        6/21/2021 10:07:00 AM New in Database Source: Multiple Listing Service New Value: $1,325,000

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        The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2021 RMLS™, Portland, Oregon. This content last updated on 9/18/2021 8:37:56 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.