NOT LISTED FOR SALE

127 SE 148th Ave Portland, OR 97233

Hazelwood Neighborhood

Estimated Value: $637,000 - $2,153,547

10 Beds
5 Baths
3,331 Sq Ft
$350/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $1,580,000 $474 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $7,166/month

119 Days on Market

Highlights

  • City View
  • 1-minute walk to E 148Th
  • Wood Siding
  • Baseboard Heating
  • Level Lot

About This Home

As of March 2019

Recently updated, significantly improved, fully leased 12 plex with tremendous upside. Major improvements include brand new parking lot, all units repainted, new stairs and decks, exterior lighting, new siding and more. Three of the units have been fully remodeled and four of the units are significantly below market rents. Located between Burnside and Stark on 148th with public transportation steps away. RUB your way to a 7 CAP.

Last Agent to Sell the Property

Nick Krautter

City and State Real Estate License #200601292 Listed on: 10/12/2018

Co-Listed By

Jordan Fezler

Apex Residential License #201225534

Last Buyer's Agent

Peter Jameson

J Residential Properties License #200204424

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,850

Year Built

  • Built in 1954

Lot Details

  • 0.29

Parking

  • Paved Parking

Home Design

  • Wood Siding

Schools

  • Glenfair Elementary School
  • H.B. Lee Middle School
  • Reynolds High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • City Views
  • Basement Fills Entire Space Under The House
  • Level Lot

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R109751

Community Details

Overview

  • 12 Units
  • Hazelwood Subdivision

Building Details

  • Operating Expense $47,153
  • Gross Income $143,856
  • Net Operating Income $89,510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,850

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1954
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, FullBasement
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Other,WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: Yes
  • Lot Features: Level
  • Disclosures: Disclosure
  • View: City

Garage/Parking

  • Parking Description: Paved
  • 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: RH
  • Parcel #: R109751
  • Assessor Parcel Number 2: R109749
  • Assessor Parcel Number 3: R109750

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 5850.03

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 11.09
  • Annual Gross Income: 143856.0
  • Property Net Operating Income: 89510.0
  • Annual Operating Expense: 47153.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2017
Sold by
Slinde Nicholas J
Bought by
Bubbaswiss Llc
Total Days on Market
119
Current Estimated Value
$1,165,137

Purchase Details

Closed on
Apr 22, 2009
Sold by
Wagner Paul M
Bought by
Slinde Nicholas J

Purchase Details

Closed on
Dec 7, 2006
Sold by
Martin Jefferson
Bought by
Slinde Nicholas and Wagner Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,500
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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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
Bubbaswiss Llc -- None Available
Slinde Nicholas J -- None Available
Slinde Nicholas $365,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Slinde Nicholas $36,500
Previous Owner Slinde Nicholas $292,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2019 03/29/19 Sold $1,580,000 -0.9% $474 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
10/12/2018 10/12/18 For Sale $1,595,000 -- $479 / 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 $7,495 $331,500 $0 $0
2022 $7,106 $321,850 $0 $0
2021 $6,940 $312,480 $0 $0
2020 $6,584 $303,380 $0 $0
2019 $6,249 $294,550 $0 $0
2018 $6,191 $285,980 $0 $0
2017 $5,850 $277,660 $0 $0
2016 $5,691 $269,580 $0 $0
2015 $4,992 $261,730 $0 $0
2014 $4,545 $254,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nick Krautter

    Seller's Agent in 2019

    Nick Krautter

    City and State Real Estate

    (503) 901-8100

    Section Image
  • Jordan Fezler

    Seller Co-Listing Agent in 2019

    Jordan Fezler

    Apex Residential

    (503) 309-6003

    61 Total Sales

    Jordan Fezler
    Section Image
  • Peter Jameson

    Buyer's Agent in 2019

    Peter Jameson

    J Residential Properties

    (503) 407-1526

    2 in this area

    125 Total Sales

    Peter Jameson
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18608937

Regional Multiple Listing Service (RMLS)

APN: R109751

Oregon Multnomah County Portland 97233 Hazelwood

127 SE 148th Ave, Portland, OR

This home is located at 127 SE 148th Ave, Portland, OR 97233 since 12 October 2018 and is currently estimated at $1,165,137, approximately $349 per square foot. This property was built in 1954. 127 SE 148th Ave is a home located in Multnomah County with nearby schools including Glenfair Elementary School, Hauton B Lee Middle School, and Reynolds High School.

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