Movoto Real Estate
Sold on 02/02/2024
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325 N 29th Ave, Cornelius, OR 97113

  • $699,950

    Last sold 02/02/2024 after 19 Days

  • bed

  • bath

  • 3,328

    Sqft ($210/Sqft)

Multi-family not for sale
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About 325 N 29th Ave

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Rental estimate
Property description
Excellent investment opportunity with a nice cap rate on quite street this fourplex features a carport for each unit, with a small storage. This Cash flowing multi-unit comprises 2 one-level units & 2 two level units. Property is only a short distance to shopping & bus line. unit one: 2bed/1 bath, unit two, 2 bed/1.5 bath, unit three: 2 bed/1.5 bath and unit four is a 2 bed/1 bath unit. Newer roof. 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#24112107 • last updated 2 years ago
Movoto checked RMLS for data 6 minutes ago
Overview
Cooling/AC None
Heating Baseboard
MLS # 24112107
Type Multi Family
Status Sold
Property Tax 4791.15
Year Built 1977
Exterior
Exterior Features Stucco
Lot Desc Corner Lot
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Washington
Area 152 - Hillsboro, Forest Grove
Elementary School Free Orchards
Middle School Evergreen
High School Glencoe
Zoning R4
Directions West On Baseline Road, North Onto29th
APN R755908
Multifamily Details
Unit Type 1: # Bedrooms 2
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 11.15
Operating Expense Scheduled 10000
Net Operating Income 54251
Operating Expense 8521
Gross Scheduled Income 72000
Gross Income 62772
Cap Rate 7.75
Net Scheduled Income 62000
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Feb 2024
    mls logo MLS # 24112107
  • Feb 2, 2024 Pending
  • Jan 30, 2024 Listed
  • Jan 22, 2024 Pending
  • Jan 14, 2024 Listed
    $699,950 (-12.4%)
  • Oct 2023
    mls logo MLS # 23075535
  • Oct 1, 2023 Price Change
    $799,000 (-6.0%)
  • Aug 31, 2023 Listed
    $850,000
  • 325 N 29th Ave
    $699K
  • 152 - Hillsboro, Forest Grove
  • 97113
    $534K -2% y/y
  • Cornelius
    $537K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Free Orchards Elementary School
public Grades K-6
Hillsboro School District 1j
2/10
Evergreen Jr High School
public Grades 7-8
Hillsboro School District 1j
5/10
Glencoe High School
public Grades 9-12
Hillsboro School District 1j
Source: GreatSchools.org © 2026. All rights reserved.

Around 152 - Hillsboro, Forest Grove

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  • Real Estate
  • OR
  • Washington County
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  • 97113
  • 325 N 29th Ave
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