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Sold on 01/30/2024
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1345 S Ivy St, Cornelius, OR 97113

  • $730,000

    Last sold 01/30/2024 after 8 Days

  • —

    bed

  • —

    bath

  • 3,328

    Sqft ($219/Sqft)

Multi-family not for sale
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About 1345 S Ivy St

Property type Multi-family
Neighborhood
Year built 1975
HOA fee $0/month
Lot size 0.3 Acre
Rental estimate
Property description
Excellent investment opportunity with a nice cap rate on quite street, this fourplex features a carport for each unit,: Great investment opportunity, rare one 3 bed, 1.5 bath unit with three 2/1's with W/D hookups, nice common space and front yard and plenty of street parking. Solid tenancy over the years. Bring your offer and pre-approval or proof of funds. No sign on Property, please do not disturb tenants.
Listed by
Listing Agent - Manny Obi
Listing Office - Kelly Right Real Estate of Portland, LLC
Source: RMLS mls logo
MLS#24556778 • last updated 2 years ago
Movoto checked RMLS for data 3 minutes ago
Overview
Cooling/AC None
Heating Baseboard
MLS # 24556778
Type Multi Family
Status Sold
Lot Size (SqFt) 13068
Lot Size (Acres) 0.3
Property Tax 5177.65
Year Built 1975
Exterior
Roof Composition
Exterior Features Stucco
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
Waterfront Other
County Washington
Community Features Commons, Front Yard Landscaping
Area 152 - Hillsboro, Forest Grove
Elementary School Echo Shaw
Middle School Neil Armstrong
High School Forest Grove
Zoning R4
Directions West On Baseline Road, South On 10th Street.
APN R412654
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 6
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1290
Unit Type 2: Rent 1200
Total # of Units 4
Gross Rent Multiplier 11.93
Operating Expense Scheduled 10000
Net Operating Income 54251
Operating Expense 8521
Gross Scheduled Income 72000
Gross Income 62772
Cap Rate 7.24
Net Scheduled Income 62000
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Mar 2024
    mls logo MLS # 24556778
  • Mar 5, 2024 Sold
    $730,000 (-2.5%)
  • Jan 30, 2024 Pending
    —
  • Jan 29, 2024 Price Change
    $748,975 (-0.1%)
  • Jan 20, 2024 Listed
    $749,950 (+1.5%)
  • Sep 2023
    mls logo MLS # 23388943
  • Sep 25, 2023 Price Change
    $739,000 (-1.3%)
  • Sep 2, 2023 Listed
    $749,000
  • 1345 S Ivy St
    $730K
  • 152 - Hillsboro, Forest Grove
    —
  • 97113
    $549K 0% y/y
  • Cornelius
    $549K 0% y/y
No chart available
Statistics calculated by Movoto

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1/10
Echo Shaw Elementary School
public Grades PK, K-6
Forest Grove School District 15
2/10
Neil Armstrong Middle School
public Grades 7-8
Forest Grove School District 15
6/10
Forest Grove High School
public Grades 9-12
Forest Grove School District 15
Source: GreatSchools.org © 2026. All rights reserved.

Around 152 - Hillsboro, Forest Grove

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