NOT LISTED FOR SALE

1104 SW Gaines St Unit 1118 Portland, OR 97239

Council Crest Neighborhood

Estimated Value: $765,000 - $898,000

2 Beds
5 Baths
4,196 Sq Ft
$201/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $800,000 $191 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,201/month

149 Days on Market

Highlights

  • Secluded Lot
  • Forced Air Heating System
  • Wood Siding
  • Ainsworth Elementary School Rated A-
  • Laundry Facilities

About This Home

As of June 2023

LOCATION, LOCATION, LOCATION! Next to OHSU on a quiet, dead end street with private parking. This is the perfect investment property with a projected cap rate of 6.2! Two buildings on one tax lot with 5 rentable apartments, all currently vacant so you can select your tenants and set rents at market prices. Charming main house can be converted to single-family, if so desired. Zoned RM2.

Last Agent to Sell the Property

Sanam Dowlatdad

Where Real Estate Collaborative License #201212524 Listed on: 11/22/2022

Last Buyer's Agent

Allison Grice

KJK Properties PC License #200801056

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,347

Year Built

  • Built in 1937

Lot Details

  • Secluded Lot

Parking

  • 3 Car Garage
  • Assigned Parking

Home Design

  • 4,196 Sq Ft Home
  • Composition Roof
  • Wood Siding

Basement

  • Exterior Basement Entry
  • Apartment Living Space in Basement
  • Basement Storage

Schools

  • Ainsworth Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R247142

Community Details

Overview

  • 5 Units
  • Ohsu / Homestead Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $27,038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,347

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1937
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, SeparateLivingQuartersApartmentAuxLivingUnit
  • Storage: Basement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Secluded
  • Road Surface Type: Gravel, Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,Tank
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Zoning: RM2
  • Parcel #: R247142

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 8347.11

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Annual Operating Expense: 27038.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Jun 9, 2023
Sold by
Norris Joanne
Bought by
1104Swgaines Llc
Seller's Agent
Sanam Dowlatdad
Where Real Estate Collaborative
Buyer's Agent
Allison Grice
KJK Properties PC
List Price
$995,000
Sold Price
$800,000
Premium/Discount to List
-$195,000
-19.6%
Views
78
Current Estimated Value
$842,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,359
Avg. Annual Appreciation
1.86%
Original Mortgage
$560,000
Outstanding Balance
$466,976
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$367,231

Purchase Details

Listed on
Dec 17, 2013
Closed on
Jan 16, 2014
Sold by
Mcalpine William Scott
Bought by
Norris Joanne
Seller's Agent
Kendall Woodworth
Windermere Realty Trust
Buyer's Agent
Marcus Brown
Realty One Group Prestige
List Price
$675,000
Sold Price
$674,792
Premium/Discount to List
-$208
-0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.83%

Purchase Details

Closed on
Aug 28, 1995
Sold by
Pope Richard S
Bought by
Mcalpine William Scott and Mcalpine Lorrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,900
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1104Swgaines Llc $800,000 Fidelity National Title
Norris Joanne $674,792 Fidelity Natl Title Co Of Or
Mcalpine William Scott $147,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1104Swgaines Llc $560,000
Previous Owner Mcalpine William Scott $102,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $800,000 -19.6% $191 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
11/22/2022 11/22/22 For Sale $995,000 +47.5% $237 / Sq Ft
01/21/2014 01/21/14 Sold $674,792 0.0% $149 / Sq Ft
12/24/2013 12/24/13 Pending -- -- --
12/17/2013 12/17/13 For Sale $675,000 -- $149 / Sq Ft
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 $9,026 $337,650 -- --
2023 $8,679 $327,820 $0 $0
2022 $8,491 $318,280 $0 $0
2021 $8,347 $309,010 $0 $0
2020 $7,657 $300,010 $0 $0
2019 $7,375 $291,280 $0 $0
2018 $7,159 $282,800 $0 $0
2017 $6,861 $274,570 $0 $0
2016 $6,279 $266,580 $0 $0
2015 $6,114 $258,820 $0 $0
2014 $6,022 $251,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sanam Dowlatdad

    Seller's Agent in 2023

    Sanam Dowlatdad

    Where Real Estate Collaborative

    (503) 702-5591

    3 in this area

    75 Total Sales

    Sanam Dowlatdad
    Section Image
  • Allison Grice

    Buyer's Agent in 2023

    Allison Grice

    KJK Properties PC

    (503) 516-2886

    1 in this area

    179 Total Sales

    Allison Grice
    Section Image
  • Kendall Woodworth

    Seller's Agent in 2014

    Kendall Woodworth

    Windermere Realty Trust

    (503) 539-0001

    91 Total Sales

    Kendall Woodworth
    Section Image
  • Marcus Brown

    Buyer's Agent in 2014

    Marcus Brown

    Realty One Group Prestige

    (503) 205-0614

    30 Total Sales

    Marcus Brown
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22474692

Regional Multiple Listing Service (RMLS)

APN: R247142

Oregon Multnomah County Portland 97239 Council Crest

1104 SW Gaines St Unit 1118, Portland, OR

This home is located at 1104 SW Gaines St Unit 1118, Portland, OR 97239 since 22 November 2022 and is currently estimated at $842,359, approximately $200 per square foot. This property was built in 1937. 1104 SW Gaines St Unit 1118 is a home located in Multnomah County with nearby schools including Ainsworth Elementary School, West Sylvan Middle School, and Lincoln High School.

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