$750,000

Estimated payment $4,973/month

Total Views 1,970
6 Beds
4 Baths
4,056 Sq Ft
$185 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • No HOA
  • Forced Air Heating System
  • Private Lot
  • Landscaped with Trees
  • 2 Car Garage

About This Home

Rare and versatile investment opportunity with significant income potential! This fully permitted property includes 3 private studio apartments—each with its own kitchen and bath—as well as 6 additional efficiency studios that share two full kitchens and two full bathrooms. Currently, several units are vacant and rent-ready, offering immediate upside for a buyer to bring in new tenants at market rates. The upstairs studio is beautifully remodeled and available for immediate move-in! Whether you’re an investor looking to maximize cash flow or a homeowner seeking to offset your mortgage by living on-site and renting the rest, this property is a true cash cow. Ideal for use as a group home, co-living space, or long-term rental model. You can place your own tenants, customize lease terms, or hire a property manager to handle everything. Opportunities like this—fully permitted, income-producing, and full of possibility—are rare.

Listing Agent

Tony Apa

ELEETE Real Estate License #201216668 Listed on: 07/11/2025

Co-Listing Agent

Grace Geiger

ELEETE Real Estate License #201256756

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,725

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • 8,276 Sq Ft Lot
  • Private Lot
  • Gentle Sloping Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • Woods
  • Mountain

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,056 Sq Ft Home
  • 3-Story Property
  • Security Lights
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Schools

  • Sacramento Elementary School
  • Parkrose Middle School
  • Parkrose High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R319030

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Parkrose/Gateway Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $26,725
  • Gross Income $88,320
  • Net Operating Income $61,595

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,725

Year Built

Built in 1997 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1997
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Storage: Attic,Garage
  • Total Bedrooms: 6
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: GentleSloping, Private, Trees
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Mountain,TreesWoods

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: Other
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: FrontYardLandscaping, Laundry
  • Association: No

Schools

  • Elementary School: Sacramento
  • High School: Parkrose
  • Middle Or Junior School: Parkrose

Lot Info

  • Zoning: LR7
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel #: R319030

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Gas, Heat, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 10724.62

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 8.49
  • Annual Gross Income: 88320.0
  • Property Net Operating Income: 61595.0
  • Annual Operating Expense: 26725.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,725 $477,360 -- --
2023 $10,725 $463,460 $0 $0
2022 $10,147 $449,970 $0 $0
2021 $9,397 $436,870 $0 $0
2020 $8,881 $424,150 $0 $0
2019 $8,105 $411,800 $0 $0
2018 $7,858 $399,810 $0 $0
2017 $7,520 $388,170 $0 $0
2016 $6,726 $376,870 $0 $0
2015 $6,194 $365,900 $0 $0
2014 $5,629 $340,740 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $750,000 -- $185 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Similar Homes in Portland, OR

  • 4840 NE 99th Ave, Portland, OR 97220

    $595,000

    • 6 Beds
    • 4 Baths
    • 1,974 Sq Ft
    • 4840 NE 99th Ave
    • Portland, OR

    *** ASTONISHING CASH FLOW *** OVER 9% CAP RATE *** This amazing cash flow is a rare find. HURRY NOW BEFORE THIS GREAT DEAL IS GONE!!! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available

    Jason Kennedy RE/MAX Equity Group

    Section Image
  • 202 NE 162nd Ave, Portland, OR 97230

    $619,900

    • 7 Beds
    • 3 Baths
    • 202 NE 162nd Ave
    • Portland, OR

    Spacious duplex, ideal for owner-occupants looking to live in one unit and rent the other, or for savvy investors seeking a strong income producing property. Two well-maintained units: one featuring 5 bedrooms and 2 full bathrooms, and the other 2 bedrooms and 1 bathroom. Enjoy off-street parking, double car garage, huge storage shop and access to a shared outdoor big backyard perfect for

    Wally Tesfa Acquire Properties

    Section Image
  • 4915 SE 111th Ave, Portland, OR 97266

    $675,000

    • 8 Beds
    • 4 Baths
    • 3,095 Sq Ft
    • 4915 SE 111th Ave
    • Portland, OR

    *** 7.5% CAP RATE *** EXCELLENT CASH FLOW with VALUE ADD OPPORTUNITY *** This amazing .34 acre property has three homes and possibly room for one more. All three ROOFS ARE NEW and all three have RECENT INTERIOR UPDATES. Fully rented and ready! Very convenient location close to I-205 and many amenities. Hurry now before this opportunity is gone! [Home Energy Score = 2. HES Report at

    Jason Kennedy RE/MAX Equity Group

    Section Image
  • 212 SW Hamilton St Unit 214, Portland, OR 97239

    $675,000

    • 5 Beds
    • 4 Baths
    • 2,508 Sq Ft
    • 212 SW Hamilton St
    • Unit 214
    • Portland, OR

    Fantastic Income producing duplex in prime Hamilton Heights Location! This beautifully maintained property offers two spacious units ideal for living in one and renting the other. Its also a great investment property or multi-generational living. The upper unit features 2 bedrooms and 2 bathrooms, a generous living room with fireplace, soaring ceilings, stunning wood paneling, and oversized

    Nick Shivers Keller Williams PDX Central

    Section Image
  • 9832 N Clarendon Ave Unit 9836, Portland, OR 97203

    $675,000

    • 4 Beds
    • 4 Baths
    • 2,864 Sq Ft
    • 9832 N Clarendon Ave
    • Unit 9836
    • Portland, OR

    Charming Duplex with Bonus Basement Unit in the Heart of St. JohnsNestled in the vibrant St. Johns neighborhood, this versatile duplex presents a fantastic opportunity for both homeowners and investors. Each side of the duplex offers 1 spacious bedroom and 1 full bathroom, with light-filled, open-concept living areas that blend comfort and functionality—perfect for families, professionals, or

    Rebecca Smith eXp Realty, LLC

    Section Image
  • 3511 NE 102nd Ave, Portland, OR 97220

    $569,000

    • 5 Beds
    • 3 Baths
    • 3,022 Sq Ft
    • 3511 NE 102nd Ave
    • Portland, OR

    Peaceful, parklike Maywood Park property is home to this duplex and its long term tenants. Each with its own designated parking (carport for 3510 Maywood Pl and a 2 car garage for 3511 NE 102nd Ave.) Both units enjoy large front rooms with vintage charm including cove ceilings and hardwood floors. Full kitchens and laundry in each unit, plus a full, partially finished basement with storage and

    Carrie Bui MORE Realty

    Section Image
  • 4724 NE 101st Ave, Portland, OR 97220

    $875,000

    • 8 Beds
    • 8 Baths
    • 4,320 Sq Ft
    • 4724 NE 101st Ave
    • Portland, OR

    Fully rented 4-plex, each unit has 2 bedrooms, 2 baths, living area, washer and dryer hookup closet and storage room. The bottom units have a fenced backyard. Upstairs units have front and back balconies. It was built in 2005 and renovated throughout in 2014. PLEASE DO NOT DISTURB THE TENANTS. All offers to be contingent on interior inspection.

    Scott Osmon All Professionals Real Estate

    Section Image
  • 8128 NE Beech St Unit 8132, Portland, OR 97213

    $775,000

    • 5 Beds
    • 4 Baths
    • 3,984 Sq Ft
    • 8128 NE Beech St
    • Unit 8132
    • Portland, OR

    This 4 plex located in Roseway presents a prime investment opportunity. The units are fully rented and on month to month leases. The lot features easy landscaping and plenty of off street parking. Roof & vinyl windows installed in 2017 and two of the units have updated plumbing. One unit has private laundry in unit and the other three share a laundry space. Location brings convenient

    Amy Bloomer Windermere Realty Trust

    Section Image
  • 900 NE 91st Ave, Portland, OR 97220

    $810,000

    • 8 Beds
    • 7 Baths
    • 4,096 Sq Ft
    • 900 NE 91st Ave
    • Portland, OR

    Triplex with 6.44% Cap Rate. Current loan on the property is assumable at well below market rate. Great investment opportunity in Montavilla neighborhood of NE Portland. 3 addresses on 1 tax lot. Front house will roll into a month to month lease starting 6/27/2025 without a rent increase. This may open opportunities for a owner occupied unit and keep the duplex as a rental. The 3-unit property

    J.P. Praisler MORE Realty

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 282202472

Regional Multiple Listing Service (RMLS)

APN: R319030