1024 SE SHERMAN ST

Pending

Listed by: Better Homes & Gardens Realty (503) 332-0046

Open House Saturday Nov 2nd 11-1. Endless opportunities with this duplex in the heart of the Hosford-Abernethy neighborhood and OMSI District! Nestled in at SE 10th & Sherman, this home is zoned EX, allowing for both commercial and residential use. The upper unit is 999 sqft and features two bedrooms, a full bathroom, large living and dining areas and a laundry room. The lower unit is 919 sqft with a large family room, a bedroom and one bathroom with laundry hookup. Fabulous central location with a walking score of 95 and a perfect 100 biking score! Enjoy the convenience to shopping, public transportation and tons of restaurants right outside your door! Previous tenant rented out the lower unit as an Airbnb, endless opportunities with this one.

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Price:$489,000
Address:1024 SE SHERMAN ST
City:Portland
County:Multnomah
State:Oregon
Zip Code:97214
Subdivision:HOSFORD ABERNETHY
MLS:24407024
Year Built:1903
Square Feet:1,918
Acres:0.05
Lot Square Feet:0.05 acres
roof:Composition
sewer:Public Sewer
viewYN:yes
capRate:7.58
country:US
heating:Baseboard, Gas Stove, Wall Heater
stories:2
taxYear:2024
basement:Finished
coolingYN:no
heatingYN:yes
directions:SE Division, N on SE 11th, L on Sherman
highSchool:Cleveland
grossIncome:27810
lotFeatures:Level
openHouseYN:yes
shortSaleYN:no
waterSource:Public Water
daysOnMarket:126
listingTerms:Cash, Conventional
lotSizeRange:0K to 2, 999 SqFt
mlsAreaMajor:Portland Southeast
rentIncludes:None
unitTypeType:1, 2
unitType1Area:999
unitType2Area:919
fuelDescription:Electricity, Gas
parkingFeatures:Driveway, On Street
roadSurfaceType:Concrete, Paved
taxAnnualAmount:3950.97
viewDescription:City
elementarySchool:Abernethy
operatingExpense:9270
foundationDetails:Slab
lotSizeSquareFeet:2178
propertyCondition:Approximately
unitType1Features:Deck, Hardwood Floors, Refrigerator, Washer/Dryer Hookup
unitType2Features:Refrigerator, Washer/Dryer Hookup
netOperatingIncome:37080
numberOfUnitsTotal:2
propertyAttachedYN:no
unitType1BedsTotal:2
unitType2BedsTotal:1
exteriorDescription:Cedar
grossRentMultiplier:17.58
hotWaterDescription:Electricity
listAgentKeyNumeric:55431
unitType1ActualRent:1695
unitType1BathsTotal:1
unitType1UnitsTotal:1
unitType2ActualRent:1395
unitType2BathsTotal:1
unitType2UnitsTotal:1
greenCertificationYN:no
middleOrJuniorSchool:Hosford
thirdPartyApprovalYN:no
currentPriceForStatus:489000
internetAddressDisplayYN:yes
virtualTourUrlUnbranded3YN:no
propertyRecordUpdateTimestamp:2025-01-11T16:31:00+00:00
internetEntireListingDisplayYN:yes
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