NOT LISTED FOR SALE

1326 SW 12th Ave Portland, OR 97201

Downtown Portland Neighborhood

Estimated Value: $606,432

3 Beds
3 Baths
3,376 Sq Ft
$180/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $575,000 $170 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,016/month

49 Days on Market

Highlights

  • City View
  • 1-minute walk to Sw 11Th & Jefferson
  • Baseboard Heating
  • West Sylvan Middle School Rated A-
  • Wood Flooring
  • 2-minute walk to Burlingame Park

About This Home

As of October 2023

In the heart of downtown Portland and a short distance to Portland State University, transit, restaurants and shopping. This property is zoned commercial and residential and has three units all with separate entrances. Great potential for housing or office space. The RXd zone permits the highest density of dwelling units among residential zones and is primarily designated for high-density multi-dwelling development. The primary types of new housing development allowed in this zone are medium and high-rise apartments and condominiums, often accompanied by retail, institutional, or other service oriented uses. To ensure that Portland remains a city that is both designed for people and in harmony with nature, the Design (d) overlay zone is applied to this zone. The Design overlay zone supports the city's progress within current and emerging civic centers, providing a framework for development that enhances the urban environment while being sensitive to the surrounding natural resources. Buyer to do their own due diligence.

Last Agent to Sell the Property

Gary Potts

John L Scott Portland SW License #990600109 Listed on: 08/10/2023

John L Scott Portland SW

Co-Listed By

Alaina O'Toole

John L Scott Portland SW License #201237002

Last Buyer's Agent

Sandeep Sagar

Professional Realty Services International, Inc License #201226339

Professional Realty Services International, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,948

Year Built

  • Built in 1890

Lot Details

  • 5,227

Home Design

  • Fixer Upper
  • Composition Roof
  • Wood Siding

Parking

  • Paved Parking
  • Assigned Parking

Schools

  • Chapman Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • City Views
  • Wood Flooring
  • Level Lot

Listing and Financial Details

  • Rent includes electricity, heat, ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R246642

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $28,517
  • Gross Income $26,588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,948

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1890
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: City

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: owner

Schools

  • Elementary School: Chapman
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Zoning: RXD
  • Parcel #: R246642

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Heat, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 8947.85

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 22.15
  • Annual Gross Income: 26588.0
  • Annual Operating Expense: 28517.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Sep 29, 2023
Sold by
Rje Properties Llc
Bought by
Saggar Mandeep
Seller's Agent
Gary Potts
John L Scott Portland SW
Buyer's Agent
Sandeep Sagar
Professional Realty Services International, Inc
List Price
$589,000
Sold Price
$575,000
Premium/Discount to List
-$14,000
-2.38%
Views
100
Current Estimated Value
$606,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,432
Avg. Annual Appreciation
3.11%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Saggar Mandeep $575,000 First American Mortgage Soluti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saggar Mandeep $483,171
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $575,000 -2.4% $170 / Sq Ft
09/29/2023 09/29/23 Pending -- -- --
09/26/2023 09/26/23 For Sale $589,000 0.0% $174 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $589,000 -- $174 / 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 $7,880 $345,470 $0 $0
2022 $8,948 $335,410 $0 $0
2021 $9,587 $354,921 $0 $0
2020 $3,999 $156,690 $0 $0
2019 $3,852 $152,130 $0 $0
2018 $5,502 $147,700 $0 $0
2017 $5,273 $211,030 $0 $0
2016 $4,826 $204,890 $0 $0
2015 $4,699 $198,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gary Potts

    Seller's Agent in 2023

    Gary Potts

    John L Scott Portland SW

    (503) 753-6136

    1 in this area

    165 Total Sales

    Gary Potts
    Section Image
  • Alaina O'Toole

    Seller Co-Listing Agent in 2023

    Alaina O'Toole

    John L Scott Portland SW

    (503) 277-3574

    1 in this area

    10 Total Sales

    Alaina O'Toole
    Section Image

  • S

    Buyer's Agent in 2023

    Sandeep Sagar

    Professional Realty Services International, Inc

    (503) 864-7664

    1 in this area

    4 Total Sales

    Sandeep Sagar
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23322032

Regional Multiple Listing Service (RMLS)

APN: R246642

Oregon Multnomah County Portland 97201 Downtown Portland

1326 SW 12th Ave, Portland, OR

This home is located at 1326 SW 12th Ave, Portland, OR 97201 since 10 August 2023 and is currently estimated at $606,432, approximately $179 per square foot. This property was built in 1890. 1326 SW 12th Ave is a home located in Multnomah County with nearby schools including Chapman Elementary School, West Sylvan Middle School, and Lincoln 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.

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