See all 20 photos
20 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Proud Realty LLC • 503-724-5552
$519,000
Est. payment /mo
2,016 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $257
Subdivision Union Town
MLS Listing ID 685356226
HOA Y/N No
Year Built 1900
Annual Tax Amount $3,619
Tax Year 2025
Lot Size 2,613 Sqft
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!
Location
State OR
County Clatsop
Area _180
Zoning R3
Interior
Heating Forced Air90, Wall Heater
Cooling None
Exterior
View City, Ocean, River
Roof Type Composition,Shingle
Garage No
Building
Lot Description Flag Lot, Hilly, Level
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Astoria
Middle Schools Astoria
High Schools Astoria
Others
Acceptable Financing Cash, Contract, Conventional, FHA, OwnerWillCarry, VALoan
Listing Terms Cash, Contract, Conventional, FHA, OwnerWillCarry, VALoan
Read Less Info
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION