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Listed by Proud Realty LLC • 503-724-5552
$ 519,000
Est. payment /mo
Price Dropped by $20K
103 WASHINGTON ST Astoria, OR 97103
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
