$1,175,000
$75K PRICE DROP

1525 SE 49th Ave Unit 1533 Portland, OR 97215

Richmond Neighborhood

Estimated payment $7,089/month

Total Views 3,809
7 Beds
5 Baths
3,538 Sq Ft
$332 Price per Sq Ft

Highlights

  • City View
  • Storage
  • Laundry Facilities
  • Glencoe Elementary School Rated A-
  • Baseboard Heating
  • Level Lot

About This Home

Inner SE, fully-leased 5-plex performs well with very little vacancy. Recent upgrades include a new roof in 2024, new windows in 2025, and new landscaping/fence in 2025. Minor upgrades in units as well. Future development potential to add another building on the lot (buyer to do due diligence). Professionally managed with all tenants current. Each unit comes with one off street parking spot. Easy access to public transit and all types of food/restaurants/coffee/grocery. Bike score 100. On-site laundry room also has locking storage closet for each unit. 1525-1533 SE 49th Ave, Portland, OR 97215

Listing Agent

Aya Godschalk

Homebase Real Estate Group Brokerage Email: aya@homebasepdx.com License #201244134 Listed on: 11/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,130

Year Built

  • Built in 1970

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 3,538 Sq Ft Home
  • 2-Story Property
  • Storage
  • City Views
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Schools

  • Glencoe Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R176661

Community Details

Overview

  • 5 Units
  • Richmond Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $23,519
  • Gross Income $92,100
  • Net Operating Income $68,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,130

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1970
  • Property Attached Yn: No
  • Current Price For Status: 1175000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Total Bedrooms: 7
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Flat
  • View: City

Garage/Parking

  • Parking Description: Assigned, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 5.0

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

  • Community Features: Laundry

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: CM2
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.0
  • Parcel #: R176661

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 11129.86

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 12.76
  • Annual Gross Income: 92100.0
  • Property Net Operating Income: 68579.0
  • Annual Operating Expense: 23519.0

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 Price Changed $1,175,000 -6.0% $332 / Sq Ft
11/02/2025 11/02/25 For Sale $1,250,000 0.0% $353 / Sq Ft
11/24/2021 11/24/21 Sold $1,250,000 0.0% $353 / Sq Ft View Prior Sale
11/07/2021 11/07/21 Pending -- -- --
09/27/2021 09/27/21 Price Changed $1,250,000 0.0% $353 / Sq Ft
09/27/2021 09/27/21 For Sale $1,250,000 0.0% $353 / Sq Ft
04/19/2021 04/19/21 Off Market $1,250,000 -- --
03/09/2021 03/09/21 Price Changed $1,050,000 -4.5% $297 / Sq Ft
02/09/2021 02/09/21 For Sale $1,100,000 +22.2% $311 / Sq Ft
07/05/2017 07/05/17 Sold $900,000 -30.8% $254 / Sq Ft View Prior Sale
06/17/2017 06/17/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $1,300,000 -- $367 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 666861958

Regional Multiple Listing Service (RMLS)

APN: 1S2E06CA 12200

Oregon Multnomah County Portland 97215 Richmond

1525 SE 49th Ave Unit 1533, Portland, OR

For Sale

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Listing Agent
Aya Godschalk
Section Image
Homebase Real Estate Group
(503) 660-4528