$549,900
SOLD MAR 26, 2025
-- Bed
-- Bath
1,768 Sq Ft
7,840 Sq Ft Lot

Recently Sold

$311 Per Sq Ft

8% Below List Price

24 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • Level Lot
  • Zoned Heating
  • High Speed Internet
  • 5-minute walk to Kane Road Park

About This Home

As of March 2025

Offer received 2/6. Great investment opportunity! Two level duplex. Each unit has 2 beds, 2 full baths, and single car garages. New roof installed in 2018, exterior painted in 2019. Unit 1320: new carpet and remodeled bathrooms 2024. Complete interior paint in both units in 2024. Vinyl windows throughout, with fiber cement siding. Each has spacious fenced backyards. Convenient location near shops and restaurants, Mt Hood College, shopping, etc. Well maintained and has a great rental history. (Please do not disturb tenants. Offers subject to interior inspection.)

Last Agent to Sell the Property

Glenn Matz PC

Keller Williams PDX Central License #990400214 Listed on: 01/17/2025

Keller Williams PDX Central

Last Buyer's Agent

Bryan Atkinson

eXp Realty, LLC License #201210457

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,427

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 7,840 Sq Ft Lot
  • Lot Dimensions are 110 x 73
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,768 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Hall Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R272171

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $4,427
  • Gross Income $43,200
  • Net Operating Income $36,095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,427

Year Built

Built in 1975 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1975
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage,IndividualStorageUnits
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick,CementSiding,LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Hall
  • High School: Sam Barlow
  • Middle Or Junior School: Gordon Russell

Lot Info

  • Zoning: LDR-7
  • Lot Size Acres: 0.18
  • Lot Size: 110 x 73
  • Lot Size Sq Ft: 7840.0
  • Parcel #: R272171

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4427.48

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.73
  • Annual Gross Income: 43200.0
  • Property Net Operating Income: 36095.0
  • Annual Operating Expense: 4427.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Mar 4, 2025
Sold by
Nordness Matthew R
Bought by
Arrieta Elda and Banuelos Ricardo
Seller's Agent
Glenn Matz PC
Keller Williams PDX Central
Buyer's Agent
Bryan Atkinson
eXp Realty, LLC
List Price
$599,900
Sold Price
$549,900
Premium/Discount to List
-$50,000
-8.33%
Total Days on Market
24
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.37%
Original Mortgage
$334,500
Outstanding Balance
$334,219
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$173,592

Purchase Details

Closed on
Oct 15, 2013
Sold by
Hurford Dean C
Bought by
Nordness Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,061
Interest Rate
4.55%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 1997
Sold by
Windust Frank
Bought by
Hurford Dean C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.91%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $549,900 Lawyers Title
Warranty Deed $225,000 Fidelity Natl Title Co Of Or
Warranty Deed $125,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $334,500 New Conventional
Previous Owner $287,000 New Conventional
Previous Owner $252,000 New Conventional
Previous Owner $207,061 FHA
Previous Owner $81,900 Unknown
Previous Owner $89,000 Unknown
Previous Owner $100,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Sold $549,900 0.0% $311 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
02/01/2025 02/01/25 Price Changed $549,900 -8.3% $311 / Sq Ft
01/17/2025 01/17/25 For Sale $599,900 -- $339 / 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 $4,427 $214,250 $0 $0
2022 $3,921 $208,010 $0 $0
2021 $3,822 $201,960 $0 $0
2020 $3,596 $196,080 $0 $0
2019 $3,502 $190,370 $0 $0
2018 $3,339 $184,830 $0 $0
2017 $3,204 $179,450 $0 $0
2016 $2,825 $174,230 $0 $0
2015 $2,764 $169,160 $0 $0
2014 $2,697 $164,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 656174898

Regional Multiple Listing Service (RMLS)

APN: R272171