Seller's Agent in 2024
Tony Apa
ELEETE Real Estate
(503) 806-9773
2 in this area
151 Total Sales
13412 SE Stark St Portland, OR 97233
Hazelwood Neighborhood
--
Bed
--
Bath
3,172
Sq Ft
0.29
Acres
Highlights
- Private Lot
- Cooling System Mounted In Outer Wall Opening
- Green Certified Home
- No HOA
- Property is near a bus stop
- High Speed Internet
About This Home
As of October 2024Presenting a premier multi-family investment opportunity in SE Portland that perfectly balances sophistication and potential, with a cap rate above 5%. This expansive triplex features 8 bedrooms and 6 bathrooms across 3,172 sq ft of living space. Each unit is equipped with modern amenities, providing the comfort and convenience tenants seek, ensuring high satisfaction, and keeping vacancy rates remarkably low. Recent updates throughout the property have reduced maintenance needs, allowing you to enjoy the benefits of a reliable and consistent cash flow with minimal oversight. The inclusion of an 8-car parking lot further enhances the property's appeal, offering convenience that residents will appreciate.What truly sets this property apart is its zoning, which allows for the construction of additional housing units. This opens the door to significant income growth, making this investment even more enticing. The potential to expand and increase revenue is a rare opportunity in today’s market.Located just minutes from a vibrant array of dining options, bars, and entertainment venues, this property is in a prime location that tenants will love. It’s also ideally situated on a bus line, with easy freeway access, and only 15 minutes from downtown Portland. Nearby hospitals and major employment centers add to its desirability, ensuring strong and steady tenant demand.Investors will quickly recognize the exceptional value this property offers. However, we advise all buyers to conduct their own due diligence regarding zoning to fully capitalize on the available opportunities. With a strong rental income already in place, room for growth, and a cap rate above 5%, this property is a standout choice for investors seeking both stability and potential.
Last Agent to Sell the Property
ELEETE Real Estate License #201216668 Listed on: 05/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,325
Year Built
- Built in 2006
Lot Details
- 0.29 Acre Lot
- Private Lot
- Level Lot
Home Design
- Composition Roof
- Lap Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,172 Sq Ft Home
- 2-Story Property
- Crawl Space
Parking
- 8 Parking Spaces
- Driveway
- Paved Parking
Schools
- Menlo Park Elementary School
- Floyd Light Middle School
- David Douglas High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Electric Water Heater
- High Speed Internet
Additional Features
- Green Certified Home
- Property is near a bus stop
Listing and Financial Details
- Assessor Parcel Number R283940
Community Details
Overview
- No Home Owners Association
- 3 Units
- David Douglas Subdivision
- Property managed by Mainlander Prop Management INC
Building Details
- Operating Expense $19,772
- Gross Income $61,230
- Net Operating Income $41,458
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2024
Closed on
Oct 11, 2024
Sold by
Srps Group Llc
Bought by
Lu Guokang and Kuang Canchang
Seller's Agent
Tony Apa
ELEETE Real Estate
Buyer's Agent
Johnny Choi Sang Wong
MORE Realty
List Price
$825,000
Sold Price
$677,000
Premium/Discount to List
-$148,000
-17.94%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,162
Avg. Annual Appreciation
6.51%
Original Mortgage
$473,900
Outstanding Balance
$471,218
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$247,569
Purchase Details
Closed on
Aug 14, 2023
Sold by
Su Ying Hua
Bought by
Srps Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,188
Interest Rate
6.71%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 31, 2016
Closed on
Feb 24, 2017
Sold by
Pope Thomas Michael
Bought by
Su Ying Hua
Seller's Agent
Terri Boughton
Century 21 North Homes Realty
Buyer's Agent
Gavin Tay
Coldwell Banker Bain
List Price
$565,000
Sold Price
$549,000
Premium/Discount to List
-$16,000
-2.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Original Mortgage
$409,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 6, 2013
Closed on
Dec 20, 2013
Sold by
Becklan Jamie
Bought by
Pope/Beckland Revocable Trust
Seller's Agent
Leslie Hilbert
Keller Williams Sunset Corridor
Buyer's Agent
Shannon Amburn
EquityQuest Properties
List Price
$299,900
Sold Price
$310,000
Premium/Discount to List
$10,100
3.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.66%
Original Mortgage
$232,500
Interest Rate
4.08%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 6, 2013
Closed on
Dec 4, 2013
Sold by
Hennessy Patrick J
Bought by
Beckland Jamie
Seller's Agent
Leslie Hilbert
Keller Williams Sunset Corridor
Buyer's Agent
Shannon Amburn
EquityQuest Properties
List Price
$299,900
Sold Price
$310,000
Premium/Discount to List
$10,100
3.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
4.08%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2006
Sold by
Engesether Ronald
Bought by
Hennessy Patrick J and Hennessy Myrna Y
Purchase Details
Closed on
May 3, 2005
Sold by
Stone Bonnie E
Bought by
Engesether Ronald
Purchase Details
Closed on
Mar 3, 2004
Sold by
Dfwu Pacific Llc
Bought by
Engesether Ronald
Purchase Details
Closed on
Mar 1, 1993
Sold by
Quinn Barbara J
Bought by
Quinn Barbara J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $677,000 | Wfg Title | |
| Warranty Deed | $608,000 | Old Republic Title | |
| Warranty Deed | $549,000 | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $310,000 | First American | |
| Warranty Deed | $450,000 | Ticor Title Insurance Compan | |
| Quit Claim Deed | -- | Ticor Title | |
| Warranty Deed | $125,000 | Ticor Title Insurance Compan | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $473,900 | New Conventional | |
| Previous Owner | $200,188 | New Conventional | |
| Previous Owner | $409,000 | New Conventional | |
| Previous Owner | $232,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $677,000 | -9.7% | $213 / Sq Ft |
| 09/05/2024 09/05/24 | Pending | -- | -- | -- |
| 08/26/2024 08/26/24 | Price Changed | $749,500 | -5.1% | $236 / Sq Ft |
| 08/16/2024 08/16/24 | Price Changed | $789,900 | -1.1% | $249 / Sq Ft |
| 06/10/2024 06/10/24 | Price Changed | $799,000 | -3.2% | $252 / Sq Ft |
| 05/22/2024 05/22/24 | For Sale | $825,000 | +50.3% | $260 / Sq Ft |
| 04/12/2017 04/12/17 | Sold | $549,000 | -2.8% | $173 / Sq Ft |
| 02/21/2017 02/21/17 | Pending | -- | -- | -- |
| 12/31/2016 12/31/16 | For Sale | $565,000 | +82.3% | $178 / Sq Ft |
| 12/09/2013 12/09/13 | Sold | $310,000 | +3.4% | $86 / Sq Ft |
| 11/06/2013 11/06/13 | Pending | -- | -- | -- |
| 08/06/2013 08/06/13 | For Sale | $299,900 | -- | $83 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $8,703 | $364,800 | -- | -- |
| 2023 | $8,325 | $354,180 | $0 | $0 |
| 2022 | $7,891 | $343,870 | $0 | $0 |
| 2021 | $7,761 | $333,860 | $0 | $0 |
| 2020 | $7,031 | $324,140 | $0 | $0 |
| 2019 | $6,807 | $314,700 | $0 | $0 |
| 2018 | $6,598 | $305,540 | $0 | $0 |
| 2017 | $6,354 | $296,650 | $0 | $0 |
| 2016 | $6,187 | $288,010 | $0 | $0 |
| 2015 | $5,639 | $279,630 | $0 | $0 |
| 2014 | $5,781 | $271,490 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Apa
-
Courtney Clarke
Seller Co-Listing Agent in 2024
Courtney Clarke
ELEETE Real Estate
(503) 349-6557
2 in this area
125 Total Sales
-
Johnny Choi Sang Wong
J
Buyer's Agent in 2024
Johnny Choi Sang Wong
MORE Realty
(503) 353-6673
1 in this area
28 Total Sales
-
Terri Boughton
Seller's Agent in 2017
Terri Boughton
Century 21 North Homes Realty
(503) 307-2546
2 in this area
63 Total Sales
-
G
Buyer's Agent in 2017
Gavin Tay
Coldwell Banker Bain
-
Leslie Hilbert
Seller's Agent in 2013
Leslie Hilbert
Keller Williams Sunset Corridor
(503) 270-5700
3 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24152671
APN: R283940
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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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