NOT LISTED FOR SALE

12239 SE Steele St Portland, OR 97236

Powellhurst-Gilbert Neighborhood

Estimated Value: $479,000 - $1,714,000

3 Beds
8 Baths
7,040 Sq Ft
$172/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $1,425,000 $202 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $8,045/month

Highlights

  • Attached Garage
  • Zoned Heating
  • Level Lot

About This Home

As of September 2022

With inventory at an all-time low, and rents at an all-time high, investing in a mid-size unit may be the best next-step for you and your portfolio! This 8-plex was built in 2004 and is 100% occupied. Professionally managed, updated decks and more. Call now for more info....

Last Agent to Sell the Property

Jason Gooing

ERA Freeman & Associates License #920600131 Listed on: 05/12/2022

Co-Listed By

Jacob Gooing

ERA Freeman & Associates License #201234287

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,824

Year Built

  • Built in 2004

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 7,040 Sq Ft Home
  • 3-Story Property

Schools

  • Gilbert Hts Elementary School
  • Alice Ott Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R335106

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $40,792
  • Gross Income $116,092
  • Net Operating Income $75,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,824

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2004
  • Property Condition: Existing
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Aluminum,T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Gilbert Hts
  • High School: David Douglas
  • Middle Or Junior School: Alice Ott

Lot Info

  • Zoning: Portlan
  • Parcel #: R335106

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 15824.27

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 13.35
  • Annual Gross Income: 116092.0
  • Property Net Operating Income: 75300.0
  • Annual Operating Expense: 40792.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Sep 9, 2022
Sold by
Schulze Richard Brian and Lowr Stephanie
Bought by
Forward Properties Llc
Seller's Agent
Jason Gooing
ERA Freeman & Associates
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$1,550,000
Sold Price
$1,425,000
Premium/Discount to List
-$125,000
-8.06%
Current Estimated Value
$1,211,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$213,790
Avg. Annual Appreciation
-5.19%
Original Mortgage
$620,000
Outstanding Balance
$591,763
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$619,447

Purchase Details

Closed on
Aug 1, 2013
Sold by
Schulze Richard
Bought by
Schulze Richard B and Schulze Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2005
Sold by
Oman Eric S
Bought by
Schulze Richard and Schulze Robinanne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2002
Sold by
Snider George
Bought by
Oman Eric S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
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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
Forward Properties Llc $1,425,000 Wfg Title
Schulze Richard B -- Wfg Title
Schulze Richard $675,000 First American
Oman Eric S $50,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forward Properties Llc $620,000
Previous Owner Schulze Richard B $352,000
Previous Owner Schulze Richard $380,000
Previous Owner Oman Eric S $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2022 09/28/22 Sold $1,425,000 -8.1% $202 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $1,550,000 0.0% $220 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $1,550,000 -- $220 / 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 $19,475 $816,340 -- --
2023 $18,628 $792,570 $0 $0
2022 $16,233 $769,490 $0 $0
2021 $15,824 $747,080 $0 $0
2020 $15,733 $725,330 $0 $0
2019 $15,232 $704,210 $0 $0
2018 $14,763 $683,700 $0 $0
2017 $14,218 $663,790 $0 $0
2016 $12,733 $644,460 $0 $0
2015 $11,274 $625,690 $0 $0
2014 $10,393 $607,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Gooing

    Seller's Agent in 2022

    Jason Gooing

    ERA Freeman & Associates

    (503) 970-9678

    2 in this area

    38 Total Sales

    Jason Gooing
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jacob Gooing

    ERA Freeman & Associates

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22563046

Regional Multiple Listing Service (RMLS)

APN: R335106

Oregon Multnomah County Portland 97236 Powellhurst-Gilbert

12239 SE Steele St, Portland, OR

This home is located at 12239 SE Steele St, Portland, OR 97236 since 12 May 2022 and is currently estimated at $1,211,210, approximately $172 per square foot. This property was built in 2004. 12239 SE Steele St is a home located in Multnomah County with nearby schools including Gilbert Heights Elementary School, Alice Ott Middle School, and David Douglas High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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