103 WASHINGTON ST, Astoria, OR 97103
103 WASHINGTON ST, Astoria, OR 97103
103 WASHINGTON ST, Astoria, OR 97103
103 WASHINGTON ST, Astoria, OR 97103
103 WASHINGTON ST, Astoria, OR 97103
103 WASHINGTON ST, Astoria, OR 97103
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Jerrel Thomas

Jerrel Thomas

+1(503) 850-9404
Listed by Proud Realty LLC • 503-724-5552
$ 519,000
Est. payment | /mo

2,016 SqFt

Save
$ 519,000
Est. payment | /mo
Save

2,016 SqFt

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

Jerrel Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 850-9404

jthomas@ascentnw.com

2175 NW Raleigh St Ste 110, Portland, OR 97210, USA

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103 WASHINGTON ST