NOT LISTED FOR SALE
-- Bed
1 Bath
9,418 Sq Ft
0.86 Acres

Last Sold January 23, 2020

Last sale price $1,000,000 $106 Per Sq Ft

8 Days on Market

Highlights

  • View of Trees or Woods
  • 4-minute walk to E 162Nd
  • Landscaped with Trees
  • Private Lot
  • Storage
  • Guest Parking

About This Home

As of January 2020

This NE Portland 7-plex sits on a rare .87 acre lot & has 3 duplexes w/ spacious 1312 SQFT, 2 beds (+3rd bed/bonus room), 1.5 bath units as well as a detached single family 2 bed, 1.5 bath house. Lots of storage, parking & privacy! New sewer line and tear off roofs on all buildings in 2017! Huge value add/cash flow opportunity & future development potential w/ possible 37-56 units. Just appraised for $1,040,000! Great location close to Max light rail, bus line, parks, shopping, freeways & PDX!!!

Last Agent to Sell the Property

Kyle Ball

Premiere Property Group, LLC License #200609089 Listed on: 12/05/2019

Premiere Property Group, LLC

Last Buyer's Agent

Rosy Vu

Phillip Phan Realty License #970600235

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,133

Year Built

  • Built in 1979

Lot Details

  • Private Lot
  • Secluded Lot
  • Landscaped with Trees

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 9,418 Sq Ft Home
  • Storage
  • Views of Woods

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Guest Parking
  • Assigned Parking

Schools

  • Glenfair Elementary School
  • H.B. Lee Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R217855

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $39,419
  • Gross Income $93,684
  • Net Operating Income $54,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,133

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1979
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, FullBasement
  • Storage: IndividualStorageUnits
  • High School2: David Douglas
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: Yes
  • Lot Features: Private, Secluded, Trees
  • Disclosures: Exempt
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: Assigned, Guest
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Glenfair
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee

Lot Info

  • Zoning: R1
  • Parcel #: R217855

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 13133.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 10.62
  • Annual Gross Income: 93684.0
  • Property Net Operating Income: 54265.0
  • Annual Operating Expense: 39419.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2020 01/23/20 Sold $1,000,000 +0.5% $106 / Sq Ft
12/13/2019 12/13/19 Pending -- -- --
12/05/2019 12/05/19 For Sale $995,000 +24.4% $106 / Sq Ft
05/08/2017 05/08/17 Sold $800,000 -17.1% $517 / Sq Ft
03/23/2017 03/23/17 Pending -- -- --
04/01/2016 04/01/16 For Sale $965,000 -- $624 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19335677

Regional Multiple Listing Service (RMLS)

APN: 1N2E36DA 05400