$388,000
SOLD MAY 23, 2012

121 NE 24th Ave Unit 125 Portland, OR 97232

Kerns Neighborhood
6 Beds
3 Baths
2,592 Sq Ft
5,009 Sq Ft Lot

Recently Sold

$150 Per Sq Ft

5% Above List Price

16 Days on Market

About This Home

As of November 2017

Great opportunity in the heart of Kerns. This triplex features 3 townhouse-style, 2 bedroom units with ample living areas, private outdoor space, off-street parking, and sunny garden space. The location is unbeatable--blocks from the Screen Door and other East Burnside hot spots. Built as a triplex--not a conversion.

Last Agent to Sell the Property

Tim Pitts

Proud Realty LLC License #200907074 Listed on: 04/20/2012

Last Buyer's Agent

Maureen Swan

Portland Proper Real Estate License #990400025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,426

Year Built

  • Built in 1971

Parking

  • Paved Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Range

Additional Features

  • Landscaped with Trees
  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,426

Year Built

Built in 1971

Lot Details

0

Parking

3

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2592
  • Stories: 2
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: KEYSTONE ADD, BLOCK 2, N 1/2 OF LOT 9&10

Exterior Features

  • Exterior Description: Brick, Aluminum
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Utilities Included: Trash Collection

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Buckman
  • Middle School: Hosford
  • High School: Cleveland

Lot Info

  • Lot Description: Trees
  • Zoning: R2.5

Tax Info

  • Tax Amount: 4507.68
  • Assessor Parcel Number: R197311

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.82

MLS Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2017
Closed on
Nov 8, 2017
Sold by
Rupert Enterprises Three Llc
Bought by
Midtown Gardens Llc
Seller's Agent
Liza Fong
Windermere Community Realty
Buyer's Agent
Nash Barinaga
Soldera Properties, Inc
List Price
$950,000
Sold Price
$910,000
Premium/Discount to List
-$40,000
-4.21%
Total Days on Market
16
Current Estimated Value
$1,031,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,272
Avg. Annual Appreciation
1.65%
Original Mortgage
$200,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2015
Closed on
Aug 5, 2015
Sold by
Ericson Craig H
Bought by
Rupert Enterprises Three Llc
Seller's Agent
Maureen Swan
Portland Proper Real Estate
Buyer's Agent
Kadee Norstedt
Inhabit Real Estate
List Price
$950,000
Sold Price
$897,000
Premium/Discount to List
-$53,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.62%

Purchase Details

Listed on
Apr 14, 2015
Closed on
Jul 14, 2015
Sold by
Persephone Apartments Llc
Bought by
Ericson Craig H and Craig H Ericson Revocable Living Trust
Seller's Agent
Maureen Swan
Portland Proper Real Estate
Buyer's Agent
Kadee Norstedt
Inhabit Real Estate
List Price
$950,000
Sold Price
$897,000
Premium/Discount to List
-$53,000
-5.58%

Purchase Details

Closed on
Aug 17, 2012
Sold by
Orrick Joint Venture Lp
Bought by
Persephone Apartments Llc

Purchase Details

Listed on
Apr 20, 2012
Closed on
May 22, 2012
Sold by
Paulson Jane
Bought by
Orrick Joint Ventures
Seller's Agent
Tim Pitts
Proud Realty LLC
Buyer's Agent
Maureen Swan
Portland Proper Real Estate
List Price
$369,000
Sold Price
$388,000
Premium/Discount to List
$19,000
5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Source: Public Records

Similar Homes in Portland, OR

  • 5123 5125 NE Killingsworth St, Portland, OR 97218

    $480,000

    • 4 Beds
    • 2 Baths
    • 1,664 Sq Ft
    • 5123 5125 NE Killingsworth St
    • Portland, OR

    Great Investment Opportunity: Well-Maintained Duplex with Recent Upgrades, this well-maintained duplex is a solid investment with updated kitchens featuring dishwashers, updated bathrooms, and washer/dryer hookups in each unit. Each unit also has its own private outdoor space with storage. Recent updates include new exterior painting (2024), repaired/replaced lower roofs, rewired outlets with the

    David Raines 24/7 Properties

    Section Image
  • 8024 NE Fremont St, Portland, OR 97213

    $420,000

    • 4 Beds
    • 2 Baths
    • 8024 NE Fremont St
    • Portland, OR

    Attention all investors! Fabulous two for one opportunity! 2 single level ranch home on one tax lot. Desirable corner lot . Each home has off street parking, yard. Bright kitchen and large utility room with storage space. Very convenient location .

    Gina Nguyen iStar Realty LLC

    Section Image
  • 3817 NE 82nd Ave, Portland, OR 97220

    $489,000

    • 4 Beds
    • 2 Baths
    • 1,816 Sq Ft
    • 3817 NE 82nd Ave
    • Portland, OR

    Turnkey Duplex in Prime Roseway Location! Ideal for owner-occupants and investors alike, this renovated duplex offers a unique opportunity with one vacant unit ready for move-in and the other on a month-to-month lease for immediate rental income. Located in the heart of NE Portland, just minutes from Sandy, Fremont, and Rocky Butte, this property features brand-new systems, a new roof, and

    Melissa Dorman Living Room Realty

    Section Image
  • 2559 SE 87th Ave Unit 2565, Portland, OR 97266

    $436,800

    • 4 Beds
    • 2 Baths
    • 2559 SE 87th Ave
    • Unit 2565
    • Portland, OR

    Townhome Style Duplex on private feeling flag lot with large 960 sqft. units, spacious bedrooms and bathroom. Sliding glass door to back yard space and lots of storage. Attached single-car garages, W/D. Vinyl siding for easy outside maintenance. Live in one and rent the other. Qualifies for DSCR loans for investors seeking easy financing, or low down-payment options for first-time buyers. Would

    Harlan Mayer RealEstatePDX.com

    Section Image
  • 408 SE 99th Ave, Portland, OR 97216

    $485,000

    • 4 Beds
    • 3 Baths
    • 408 SE 99th Ave
    • Portland, OR

    ***Ask About the 5.25% Assumable Rate***Freshly renovated triplex in a prime location with quick easy access to I-205. This versatile investment property offers a well-balanced unit mix: one 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Unit A has been fully renovated, while Units B and C provide an excellent value-add opportunity. With one unit currently vacant, this is a perfect option

    Sabrina James SMI Commercial Real Estate LLC

    Section Image
  • 7412 SE Woodstock Blvd, Portland, OR 97206

    $490,000

    • 4 Beds
    • 4 Baths
    • 1,728 Sq Ft
    • 7412 SE Woodstock Blvd
    • Portland, OR

    Duplex in the Woodstock neighborhood. Get ready to begin or continue your investment journey with a fantastic property. This one-level duplex includes a covered parking space, two bedrooms, one full bathroom, an additional half bath in the primary bedroom, and a spacious laundry room in each unit (the photos depict the updated unit). Each unit offers 864 square feet, while the entire duplex spans

    Angie Bissett Cascade Hasson Sotheby's International Realty

    Section Image
  • 7434 SE 83rd Ave Unit 7436, Portland, OR 97266

    $499,999

    • 4 Beds
    • 2 Baths
    • 7434 SE 83rd Ave
    • Unit 7436
    • Portland, OR

    Fantastic investment opportunity! This well-maintained duplex features two spacious 2-bedroom, 1-bath units—one currently tenant-occupied and the other vacant, perfect for owner-occupancy or immediate rental income. Ideal for investors or homeowners looking to generate passive income. Don’t miss out on this versatile and income-producing property!

    Betsy Rovira Keller Williams Premier Partners

    Section Image
  • 1142 SE 149th Place Unit 1144, Portland, OR 97233

    $499,000

    • 4 Beds
    • 2 Baths
    • 1,728 Sq Ft
    • 1142 SE 149th Place
    • Unit 1144
    • Portland, OR

    1142-1144 SE 149th Pl. Duplex opportunity for owner-occupant purchaser or investor. Several updates throughout including roof, windows, siding. Each side 2 bedroom - 1 bathroom 864 SQ FT. One unit includes spacious 2 car garage and one unit includes 1 car garage. Additional driveway parking. Generous 0.23 acre lot in a great neighborhood.

    Josh Hackenjos LUXE Forbes Global Properties

    Section Image
  • 15522 SE Stark St, Portland, OR 97233

    $449,900

    • 4 Beds
    • 4 Baths
    • 2,178 Sq Ft
    • 15522 SE Stark St
    • Portland, OR

    Best value duplex on the East side to start or grow your rental portfolio! Seller has left one unit vacant for the owner occupant who wants to “house hack” and occupy one unit while renting the other…OR rent out both sides and have an excellent investment income property producing over a 6% cap rate. This well-maintained duplex has spacious 2-bedroom townhome-style units of 1089 ft2 with an

    Jeff Stephens MORE Realty

    Section Image

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $910,000 Wfg Title
Warranty Deed -- None Available
Warranty Deed $897,000 First American
Limited Warranty Deed $388,000 None Available
Warranty Deed $388,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2017 11/10/17 Sold $910,000 -4.2% $351 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $950,000 +5.9% $366 / Sq Ft
07/15/2015 07/15/15 Sold $897,000 -5.6% $346 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $950,000 +144.8% $367 / Sq Ft
05/23/2012 05/23/12 Sold $388,000 +5.1% $150 / Sq Ft
05/06/2012 05/06/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $369,000 -- $142 / 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
2023 $9,426 $355,710 $0 $0
2022 $9,222 $345,350 $0 $0
2021 $9,066 $335,300 $0 $0
2020 $8,317 $325,540 $0 $0
2019 $8,011 $316,060 $0 $0
2018 $7,775 $306,860 $0 $0
2017 $7,452 $297,930 $0 $0
2016 $6,820 $289,260 $0 $0
2015 $6,641 $280,840 $0 $0
2014 $5,301 $220,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 12662665

Regional Multiple Listing Service (RMLS)

APN: R197311