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Mitch Foteff

mfoteff@gmail.com +1(503) 260-4629

Listed by RealtyNET, LLC

$ 499,000

Est. payment | -/mo

2 Beds

1 Bath

1,008 SqFt

Save

$ 499,000

Est. payment | -/mo

Save

2 Beds

1 Bath

1,008 SqFt

Open House

Sat May 30, 1:00pm - 3:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,008 sqft

Price per Sqft $495

Subdivision Woodstock/Mt Scott

MLS Listing ID 745637149

Style Stories1

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1953

Annual Tax Amount $4,191

Tax Year 2025

Lot Size 4,791 Sqft

Property Sub-Type Single Family Residence

Property Description

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.

Location

State OR

County Multnomah

Area _143

Rooms

Basement Crawl Space

Interior

Interior Features Accessory Dwelling Unit, Ceiling Fan, Hardwood Floors, Separate Living Quarters Apartment Aux Living Unit

Heating Ductless, Mini Split, Wall Furnace

Cooling Mini Split

Appliance Dishwasher, Free Standing Range, Free Standing Refrigerator

Exterior

Exterior Feature Fenced, Patio

Roof Type Composition

Accessibility OneLevel

Garage No

Building

Lot Description Level, Private

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Arleta

Middle Schools Kellogg

High Schools Franklin

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, OwnerWillCarry

Listing Terms Cash, Conventional, FHA, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

Nearby Locations

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Mitch Foteff

Partner | Lic# 25036270 | 201106062

mfoteff@gmail.com

+1(503) 260-4629

13551 SE 145th Ave, Happy Valley, OR, 97086

6619 SE WOODSTOCK BLVD Portland, OR 97206

Mitch Foteff

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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6619 SE WOODSTOCK BLVD