1508 SW Dewitt St Portland, OR 97239
Hillsdale NeighborhoodEstimated payment $11,563/month
Highlights
- No HOA
- Storage
- Landscaped
- Rieke Elementary School Rated A-
- Guest Parking
- 2-minute walk to DeWitt Park
About This Home
Attention investors! You won't want to miss this rare opportunity in SW to own 12 units with many long-term tenants. This property includes 8 apartment units and two duplexes. Seven of the apartments are 1 bed/1 bath, the last apartment is a 2 bed/1 bath and there is a community laundry room for those units. The two sets of duplexes are each 2bed/2bath with w/d hookup. This well-maintained complex is located across from Dewitt Park and the fire station and is very close by shopping and freeway access. You won't want to miss this opportunity!
Listing Agent
Premiere Property Group, LLC License #201224057 Listed on: 04/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,684
Year Built
- Built in 1967
Lot Details
- Property fronts a private road
- Landscaped
- Gentle Sloping Lot
Home Design
- Composition Roof
- Lap Siding
Interior Spaces
- 5,647 Sq Ft Home
- 2-Story Property
- Storage
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Parking
- Guest Parking
- Assigned Parking
Schools
- Rieke Elementary School
- Robert Gray Middle School
- Ida B Wells 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 R328632
Community Details
Overview
- No Home Owners Association
- 12 Units
- Dewitt Apartments Subdivision
Amenities
- Common Area
- Laundry Facilities
Building Details
- Operating Expense $108,968
- Gross Income $152,656
- Net Operating Income $43,688
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 06/29/2025 06/29/25 | For Sale | $1,800,000 | 0.0% | $319 / Sq Ft |
| 05/19/2025 05/19/25 | Pending | -- | -- | -- |
| 05/15/2025 05/15/25 | Price Changed | $1,800,000 | -10.0% | $319 / Sq Ft |
| 04/13/2025 04/13/25 | For Sale | $1,999,900 | -- | $354 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 591480080
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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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