$775,000
$100K PRICE DROP

Estimated payment $4,692/month

Total Views 9,292
8 Beds
4 Baths
3,156 Sq Ft
$246 Price per Sq Ft

Highlights

  • 0.25 Acre Lot
  • Baseboard Heating
  • 1-Story Property
  • Storage

About This Home

This 4-unit multi-family property located in a prime location is a fantastic investment opportunity with long term tenants providing immediate rental income. This property boasts upside potential for the savvy investor with a value-add opportunity with strategic improvements to increase both rents and overall property value. Each unit has an off-street parking space and is conveniently located near mass transit and shopping. This is an ideal opportunity for a non-owner or owner occupant investor to secure a property with stable cash flow and the potential for significant future appreciation.

Listing Agent

Jeff Whiting

John L. Scott License #200104241 Listed on: 09/19/2024

John L. Scott

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,952

Year Built

  • Built in 1957

Lot Details

  • 0.25 Acre Lot

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 3,156 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • Raleigh Hills Elementary School
  • Whitford Middle School
  • Beaverton High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R118214

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $18,087
  • Gross Income $41,640
  • Net Operating Income $23,553

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,952

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1957
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Total Bedrooms: 8
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

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

Schools

  • Elementary School: Raleigh Hills
  • High School: Beaverton
  • Middle Or Junior School: Whitford

Lot Info

  • Zoning: RC-OT
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel #: R118214

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6951.82

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 18.61
  • Annual Gross Income: 41640.0
  • Property Net Operating Income: 23553.0
  • Annual Operating Expense: 18087.0

Map

Range of Values:

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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
2025 $6,952 $329,490 -- --
2024 $6,564 $319,900 -- --
2023 $6,564 $310,590 $0 $0
2022 $6,282 $310,590 $0 $0
2021 $6,062 $292,770 $0 $0
2020 $5,878 $284,250 $0 $0
2019 $5,692 $275,980 $0 $0
2018 $5,511 $267,950 $0 $0
2017 $5,305 $260,150 $0 $0
2016 $5,120 $252,580 $0 $0
2015 $4,930 $245,230 $0 $0
2014 $4,825 $238,090 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Price Changed $775,000 -11.4% $246 / Sq Ft
02/02/2025 02/02/25 For Sale $874,900 0.0% $277 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $874,900 -- $277 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $200,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $242,000 New Conventional
Closed $157,000 Fannie Mae Freddie Mac
Closed $150,000 Stand Alone First
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24013150

Regional Multiple Listing Service (RMLS)

APN: R0118214