NOT LISTED FOR SALE

10033 N Lombard St Portland, OR 97203

Saint Johns Neighborhood

Estimated Value: $1,072,263 - $1,269,000

10 Beds
10 Baths
-- Sq Ft
7,840 Sq Ft Lot

Last Sold June 25, 2024

Last sale price $1,050,000

Est. 9% increase in value since last sale

Current estimated payment $7,351/month

7 Days on Market

Highlights

  • Guest Parking
  • Heating System Mounted To A Wall or Window
  • 2-minute walk to Pier Park

About This Home

As of June 2024

Cash Flow with room to grow! Problem tenant is moving out and ready for new owner to maximize value. Two-story 4-plex investment property that offers substantial monthly cash flow. Ideal bed/bath layout for great long term tenancies. The property features two(2) three bed/one and a half bath and two (2) four-bed/two-bath floor-plans. Three of the interiors have been remodeled with newer appliances, vinyl tile flooring, new bathroom fixtures and vanity. All units have washer dryer hookups. Advertised numbers are with 3 of the 4 units occupied.

Last Agent to Sell the Property

Ian Crist

Bridge Creek Realty License #201220465 Listed on: 05/09/2024

Last Buyer's Agent

Melissa Hartvigsen

Redfin License #201218339

Redfin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,490

Year Built

  • Built in 1997

Lot Details

  • 7,840

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • 8 Parking Spaces
  • Driveway
  • Guest Parking

Schools

  • George Middle School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window

Additional Features

  • 2-Story Property
  • 7,840 Sq Ft Lot

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R181401

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $29,849
  • Gross Income $90,355
  • Net Operating Income $52,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,490

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1997
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Guest
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: George

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.0
  • Parcel #: R181401

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 13489.7

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.46
  • Annual Gross Income: 90355.0
  • Property Net Operating Income: 52916.0
  • Annual Operating Expense: 29849.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Jun 21, 2024
Sold by
P & Q Ventures Llc
Bought by
Prekel Zachory and Banick Ryley
Seller's Agent
Ian Crist
Bridge Creek Realty
Buyer's Agent
Melissa Hartvigsen
Redfin
List Price
$999,999
Sold Price
$1,050,000
Premium/Discount to List
$50,001
5%
Views
7
Current Estimated Value
$1,139,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,316
Avg. Annual Appreciation
2.10%
Original Mortgage
$997,500
Outstanding Balance
$990,098
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$86,021

Purchase Details

Closed on
Dec 30, 2020
Sold by
Roberts Steven M
Bought by
P & Q Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2004
Sold by
Reed William C
Bought by
Roberts Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Prekel Zachory $1,050,000 None Listed On Document
P & Q Ventures Llc $685,000 Wfg Title
Roberts Steven M $396,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prekel Zachory $997,500
Previous Owner P & Q Ventures Llc $513,750
Previous Owner Roberts Steven M $265,000
Previous Owner Roberts Steven M $316,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2024 06/25/24 Sold $1,050,000 +5.0% --
05/17/2024 05/17/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $999,999 0.0% --
08/08/2023 08/08/23 For Rent $3,195 0.0% --
07/18/2023 07/18/23 Price Changed $3,195 +6.7% $2 / Sq Ft
06/21/2023 06/21/23 For Rent $2,995 0.0% --
05/15/2023 05/15/23 Price Changed $2,995 -6.3% $2 / Sq Ft
04/05/2023 04/05/23 For Rent $3,195 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,860 $524,340 -- --
2023 $13,490 $509,070 $0 $0
2022 $13,198 $494,250 $0 $0
2021 $12,974 $479,860 $0 $0
2020 $11,902 $465,890 $0 $0
2019 $11,465 $452,330 $0 $0
2018 $11,128 $439,160 $0 $0
2017 $10,665 $426,370 $0 $0
2016 $9,760 $413,960 $0 $0
2015 $9,504 $401,910 $0 $0
2014 $8,208 $390,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ian Crist

    Seller's Agent in 2024

    Ian Crist

    Bridge Creek Realty

    (503) 508-0131

    3 in this area

    97 Total Sales

    Ian Crist
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24594451

Regional Multiple Listing Service (RMLS)

APN: R181401

Oregon Multnomah County Portland 97203 Saint Johns

10033 N Lombard St, Portland, OR

This home is located at 10033 N Lombard St, Portland, OR 97203 since 09 May 2024 and is currently estimated at $1,139,316. This property was built in 1997. 10033 N Lombard St is a home located in Multnomah County with nearby schools including Sitton Elementary School, George Middle School, and Roosevelt High School.

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