$389,000
SOLD OCT 1, 2024
-- Bed
-- Bath
852 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$457 Per Sq Ft

3% Below List Price

74 Days on Market

Highlights

  • Baseboard Heating
  • Wood Siding
  • 1-Story Property

About This Home

As of October 2024

Back on market after landscaping improvements. Sweet investment opportunity to own two homes with excellent rental history. Hurry, this one will not last long. Current rents are- $1,650 for 2 bed/1 bath unit and $1,195 for 1 bed/1 bath unit. Do not disturb tenants. Accepted offer subject to interior inspection.

Last Agent to Sell the Property

Marc Zemp

Keller Williams Sunset Corridor Brokerage Phone: 503-501-6925 License #201203833 Listed on: 06/18/2024

Keller Williams Sunset Corridor

Last Buyer's Agent

Robert Chown

Where, Inc License #201214795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 1940

Home Design

  • Composition Roof
  • Wood Siding

Schools

  • Lincoln Park Elementary School
  • Alice Ott Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • 1-Story Property
  • 8,712 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number R229553

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,991
  • Gross Income $34,140
  • Net Operating Income $25,149

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,756

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1940
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • 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

Schools

  • Elementary School: Lincoln Park
  • High School: David Douglas
  • Middle Or Junior School: Alice Ott

Lot Info

  • Zoning: R7
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: R229553

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3756.12

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.69
  • Annual Gross Income: 34140.0
  • Property Net Operating Income: 25149.0
  • Annual Operating Expense: 8991.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Sep 28, 2024
Sold by
Misbehavin Group Llc
Bought by
Brandom Gabriel
Seller's Agent
Marc Zemp
Keller Williams Sunset Corridor
Buyer's Agent
Robert Chown
Where, Inc
List Price
$399,000
Sold Price
$389,000
Premium/Discount to List
-$10,000
-2.51%
Views
47
Current Estimated Value
$385,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,074
Avg. Annual Appreciation
-0.86%
Original Mortgage
$369,550
Outstanding Balance
$366,120
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$19,806

Purchase Details

Listed on
May 18, 2019
Closed on
Sep 20, 2019
Sold by
Le Citadel Investment Llc
Bought by
Misbehaven Group Llc
Seller's Agent
Yintian Zhou
Yintian Zhou Realty
Buyer's Agent
Marc Zemp
Keller Williams Sunset Corridor
List Price
$358,500
Sold Price
$325,000
Premium/Discount to List
-$33,500
-9.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.64%
Original Mortgage
$210,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2014
Sold by
Kn One Llc
Bought by
Le Citadel Investments Llc

Purchase Details

Closed on
Sep 18, 2013
Sold by
Aav Two Llc
Bought by
Kn One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2013
Sold by
Aav One Llc
Bought by
Aav Two Llc

Purchase Details

Closed on
Dec 28, 2012
Sold by
Pacific Nw Fcu
Bought by
Aav One Llc

Purchase Details

Closed on
Sep 5, 2012
Sold by
Amador Carlos Hernandez
Bought by
Pacific Nw Federal Credit Union

Purchase Details

Closed on
Jun 10, 2005
Sold by
Meek Walter C
Bought by
Amador Carlos Hernandez and Amador Tamara Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2002
Sold by
Hiatt Jeffery
Bought by
Meek Walter 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
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 1999
Sold by
Hiatt Jeffery
Bought by
Hiatt Jeffery and Hiatt Cynthia L

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
6.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1998
Sold by
Ingels Michael F and Ingels Tracy J
Bought by
Gjesdal Rod J and Gjesdal Judy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 1998
Sold by
Smith Mark G and Smith Alicia A
Bought by
Hiatt Jeffery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 1996
Sold by
Wheeler Judy M
Bought by
Hiatt Jeffery
Source: Public Records

Similar Homes in Portland, OR

  • 15541 E Burnside St, Portland, OR 97233

    $450,000

    • 4 Beds
    • 2 Baths
    • 15541 E Burnside St
    • Portland, OR

    Incredible investment opportunity in SE Portland! This beautifully maintained duplex offers two spacious 2-bedroom, 1-bath units, each featuring hardwood floors, cozy fireplaces, and updated kitchens with all appliances included. Recent upgrades include fresh interior paint, all new windows, new roof, and added new insulation and in both the attic and crawlspace for energy efficiency. Crawl space

    Nick Shivers Keller Williams PDX Central

    Section Image
  • 15557 E Burnside St, Portland, OR 97233

    $450,000

    • 4 Beds
    • 2 Baths
    • 15557 E Burnside St
    • Portland, OR

    Incredible investment opportunity in SE Portland! This beautifully maintained duplex offers two spacious 2-bedroom, 1-bath units, each featuring hardwood floors, cozy fireplaces, and updated kitchens with all appliances included. Recent upgrades include fresh interior paint, all new windows, new roof, and added new insulation and in both the attic and crawlspace for energy efficiency. Crawl space

    Nick Shivers Keller Williams PDX Central

    Section Image
  • 6309 NE 45th Ave, Portland, OR 97218

    $395,000

    • 3 Beds
    • 1.5 Baths
    • 1,527 Sq Ft
    • 6309 NE 45th Ave
    • Portland, OR

    This newly renovated home truly lives like a detached property thanks to its thoughtful floorplan, privacy, amenities, and no HOA! Step inside to the light & bright main level which features an open concept kitchen / living / dining space. The open, flowing kitchen is outfitted with stainless steel appliances, a large eat-in island, butcher block countertops, and ample cabinet space. Also on the

    Michael Green Coldwell Banker Bain

    Section Image
  • 5465 N Fessenden St, Portland, OR 97203

    $334,900

    • 2 Beds
    • 1.5 Baths
    • 809 Sq Ft
    • 5465 N Fessenden St
    • Portland, OR

    Sustainably-Built New Construction Townhome Across from Northgate Park — Corner Unit with No HOA. Be the first to own this sustainably-built new construction townhome, ideally located adjacent to Northgate Park. Home is situated on its own lot with no HOA, offering true fee-simple ownership. This 2-bedroom, 1.5-bathroom home is thoughtfully designed with high-end finishes throughout, including

    Daniel Silvey Knipe Realty ERA Powered

    Section Image
  • 5469 N Fessenden St, Portland, OR 97203

    $314,900

    • 2 Beds
    • 1.5 Baths
    • 809 Sq Ft
    • 5469 N Fessenden St
    • Portland, OR

    Sustainably-Built New Construction Townhome Across from Northgate Park — No HOA. Be the first to own this sustainably-built new construction townhome, ideally located adjacent to Northgate Park. Home is situated on its own lot with no HOA, offering true fee-simple ownership. This 2-bedroom, 1.5-bathroom home is thoughtfully designed with high-end finishes throughout, including quartz countertops,

    Daniel Silvey Knipe Realty ERA Powered

    Section Image
  • 5473 N Fessenden St, Portland, OR 97203

    $314,900

    • 2 Beds
    • 1.5 Baths
    • 809 Sq Ft
    • 5473 N Fessenden St
    • Portland, OR

    Sustainably-Built New Construction Townhome Across from Northgate Park — No HOA. Be the first to own this sustainably-built new construction townhome, ideally located adjacent to Northgate Park. Home is situated on its own lot with no HOA, offering true fee-simple ownership. This 2-bedroom, 1.5-bathroom home is thoughtfully designed with high-end finishes throughout, including quartz countertops,

    Daniel Silvey Knipe Realty ERA Powered

    Section Image
  • 13736 SE Bush St Unit 13738, Portland, OR 97236

    $455,000

    • 4 Beds
    • 2 Baths
    • 1,957 Sq Ft
    • 13736 SE Bush St
    • Unit 13738
    • Portland, OR

    Duplex- This well-maintained, 1-level duplex offers a solid rental history and excellent versatility. Each side features 2 bedrooms and 1 bathroom, approximately over 900 square feet per unit, with reliable long-term tenants currently paying $1,495/month each.Perfect for an investor or someone looking to live in one unit and rent the other, this property also works beautifully for

    Cristina John Keller Williams Realty Professionals

    Section Image
  • 13740 SE Bush St Unit 13742, Portland, OR 97236

    $430,000

    • 4 Beds
    • 2 Baths
    • 1,773 Sq Ft
    • 13740 SE Bush St
    • Unit 13742
    • Portland, OR

    Duplex -This well-maintained, one-level duplex sits on a 0.25-acre lot and offers flexibility for investors or owner-occupants alike. Each unit features 2 bedrooms, 1 bathroom, its own garage bay, and a private backyard—ideal for comfort and privacy.Current rental income includes $1,495/month and $1,290/month for the units, with an additional $100/month from a separately rented garage bay. The

    Cristina John Keller Williams Realty Professionals

    Section Image
  • 2251 SE 139th Ave, Portland, OR 97233

    $469,000

    • 4 Beds
    • 3 Baths
    • 1,752 Sq Ft
    • 2251 SE 139th Ave
    • Portland, OR

    New Price, priced to sell. This beautifully updated Bungalow blends classic character with thoughtful modern updates. Recent updates include a stylish kitchen remodel with modern finishes, updated appliances, and ample storage, as well as a beautifully renovated bathrooms that retains its vintage charm while offering contemporary comfort. Featuring two bedrooms and a bonus room upstairs. Need

    Alisha Gaines Sherman Real Broker

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $389,000 Fidelity National Title
Warranty Deed $325,000 Fidelity National Ttl Of Or
Warranty Deed $204,900 Fidelity National Title Co
Warranty Deed $150,000 Fidelity Natl Title Co Of Or
Bargain Sale Deed -- Accommodation
Bargain Sale Deed $83,000 Fidelity Natl Title Co Of Or
Trustee Deed $146,682 Nextitle
Warranty Deed $132,500 First American
Warranty Deed $125,000 Transnation Title Insurance
Interfamily Deed Transfer -- Pacific Nw Title
Warranty Deed $164,000 First American Title Ins Co
Warranty Deed $120,000 First American Title Ins Co
Interfamily Deed Transfer -- Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $369,550 New Conventional
Previous Owner $230,000 Commercial
Previous Owner $210,000 Commercial
Previous Owner $120,000 Commercial
Previous Owner $37,500 Credit Line Revolving
Previous Owner $37,000 Credit Line Revolving
Previous Owner $148,000 Unknown
Previous Owner $106,000 Purchase Money Mortgage
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $131,200 Purchase Money Mortgage
Closed $16,400 No Value Available
Closed $25,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $389,000 -2.5% $457 / Sq Ft
09/02/2024 09/02/24 Pending -- -- --
08/03/2024 08/03/24 For Sale $399,000 +2.6% $468 / Sq Ft
07/14/2024 07/14/24 Off Market $389,000 -- --
06/19/2024 06/19/24 For Sale $399,000 +22.8% $468 / Sq Ft
09/23/2019 09/23/19 Sold $325,000 -9.3% $381 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $358,500 0.0% $421 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
05/18/2019 05/18/19 For Sale $358,500 -- $421 / 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
2024 $3,927 $164,600 -- --
2023 $3,927 $159,810 $0 $0
2022 $3,561 $155,160 $0 $0
2021 $3,502 $150,650 $0 $0
2020 $3,173 $146,270 $0 $0
2019 $3,072 $142,010 $0 $0
2018 $2,977 $137,880 $0 $0
2017 $2,868 $133,870 $0 $0
2016 $2,792 $129,980 $0 $0
2015 $2,725 $126,200 $0 $0
2014 $2,625 $122,530 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24623371

Regional Multiple Listing Service (RMLS)

APN: R229553