$999,000
$181K PRICE DROP

Estimated payment $5,949/month

Total Views 4
9 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Waterfront
  • Landscaped with Trees
  • Garage
  • 2.53 Acre Lot
  • Baseboard Heating
  • Level Lot

About This Home

Two lots sold together (MLS#22016089)- horseshoe shaped lots around Budget Lodge (not included). Overhead drone photos are from 2022. Lots include large open space for potential additional dwellings - buyer to verify. Large pond with possibility to fill in for additional land space - buyer to verify with city, but city said it was possible in 2022. 5 houses & 1 commercial building. Large 4 bedroom, 2 bath home; two 1 bedroom, 1 bath homes; two 2 bedroom, 1 bath homes; and a vacant commercial building. There was at one time a home between the large house and the smaller homes - some utilities should still be there. Homes are rented month-to-month. Deferred maintenance in all units. Showing of commercial space and large home by appointment only. Showings of 4 occupied homes only with an accepted offer. DO NOT DISTURB TENANTS.

Listing Agent

Brian Kester

Bell Real Estate License #960300102 Listed on: 04/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,824

Year Built

  • Built in 1956

Lot Details

  • 2.53 Acre Lot
  • Waterfront
  • Dirt Road
  • Level Lot
  • Landscaped with Trees

Home Design

  • Fixer Upper
  • Slab Foundation
  • Composition Roof
  • Membrane Roofing
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • Garage
  • Open Parking

Schools

  • Malabon Elementary School
  • Cascade Middle School
  • Willamette High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0424380

Community Details

Overview

  • 6 Units
  • Property managed by Bell Real Estate, Inc.

Building Details

  • Operating Expense $25,802
  • Gross Income $57,890
  • Net Operating Income $39,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,824

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1956
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Total Bedrooms: 9
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter, Slab
  • View: No
  • Lot Features: Level, Trees
  • Road Surface Type: Dirt, Gravel
  • Waterfront Features: Other
  • Roof: Composition, Membrane

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Management Name: Bell Real Estate, Inc.

Schools

  • Elementary School: Malabon
  • High School: Willamette
  • Middle Or Junior School: Cascade

Lot Info

  • Zoning: C-2
  • Lot Size Acres: 2.53
  • Lot Size Sq Ft: 110206.0
  • Parcel #: 0424380

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7824.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 17.26
  • Annual Gross Income: 57890.0
  • Property Net Operating Income: 39912.0
  • Annual Operating Expense: 25802.0

Map

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/02/2025 10/02/25 Price Changed $999,000 0.0% --
10/02/2025 10/02/25 For Sale $999,000 -9.2% --
07/08/2022 07/08/22 Off Market $1,100,000 -- --
05/18/2022 05/18/22 Price Changed $1,100,000 -6.8% --
04/22/2022 04/22/22 For Sale $1,180,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22057606

Regional Multiple Listing Service (RMLS)