103 WASHINGTON ST, Astoria, OR 97103

$519,000
2,016
SqFt

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List Price
$519,000
Price Change
▼ $20,000 1788985931
Days on Market
95
MLS#
685356226
Property Type
Multifamily
Sqft. of Residence
2,016
Lot Size
0K to 2, 999 SqFt
Region
Clatsop Co: Astoria
Status
ACTIVE

Property Description

ALL UNITS RENTED - Astoria Cape Cod Triplex, $48K gross annual rent - 10.8 GRM at asking.  All 3 units recently remodeled; rent includes all utilities.  Top floor unit: 1 BD/1 BA with panoramic city, river and Megler Bridge views.  Two studio units below, one on each floor.  Zoned R3, eligible for licensed owner-occupied home stay lodging per City of Astoria.  Estimated NOI ~ $38K, cap rate ~7.3% at asking price.  Built in 1900 with a total 2,016 sq ft on 3 stories.  3 off-street parking spaces via driveway.  Below average GRM for Astoria's multi-family market.  Turnkey income with a documented path to STR conversion for an owner-occupant buyer.  Owner financing options available!

Additional Information

Tax Amount
$3,619
Year Built
1900
High School
Astoria
Elementary School
Astoria
Middle School
Astoria
Acres
0.06
Living Area
2,016
Stories
3
Subdivision
Union Town
Terms
Cash, Contract, Conventional, FHA, Owner Will Carry, VA Loan
Cooling Description
None
Fuel Description
Electricity, Gas
Heating Description
Forced Air - 90%, Wall Heater
Hoa Rent Includes
Electricity, Gas, Heat, Sewer, Water
Hot Water Description
Electricity
Exterior Description
Cedar, Shake Siding, Shingle Siding, Wood Siding
Roof Type
Composition, Shingle
Sewer Description
Public Sewer
View
City, Ocean, River
Parking
Driveway, Off Street
Security Or Entry
Unknown
Parking Description
Driveway, Off Street
Road Surface
Paved
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1750
Unit Type One Sq Ft
672
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
1000
Unit Type Three Sq Ft
672
Unit Type Three Units Total
1

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Listing courtesy of Proud Realty LLC.

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