$423,000
SOLD MAR 6, 2020

1643 NE 74th Ave Unit 1645 Portland, OR 97213

Montavilla Neighborhood
4 Beds
2 Baths
1,632 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$259 Per Sq Ft

29 Days on Market

About This Home

As of March 2020

Montavilla Income Property. One unit vacant and ready for new market rents (analysis shows 1300-1500). Owner had rented below market for many years at $1000. Vacant unit is essentially turn key rental opportunity. Excellent Inner-NE location. Small yard for each unit and 1 off street parking slot. Each unit has small yard and 1 has storage shed.

Last Agent to Sell the Property

Jayston Ripplinger

Realty Pro Oregon LLC. License #201210201 Listed on: 01/16/2020

Last Buyer's Agent

Lauren Klimoff

MORE Realty License #201213604

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,203

Year Built

  • Built in 1960

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Kitchen

  • Range
  • Dishwasher

Parking

  • Paved Parking
  • Open Parking

Additional Features

  • 1-Story Property
  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,203

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1632
  • Stories: 1
  • Year Built: 1960
  • Property Condition: Existing
  • Remarks Public: Montavilla Income Property. One unit vacant and ready for new market rents (analysis shows 1300-1500). Owner had rented below market for many years at $1000. Vacant unit is essentially turn key rental opportunity. Excellent Inner-NE location. Small yard for each unit and 1 off street parking slot. Each unit has small yard and 1 has storage shed.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: JONESMORE, BLOCK 34, LOT 26, LOT 27 EXC S 5'
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Slab
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Washer/Dryer Hookup, Window Coverings

Schools

  • Elementary School: Vestal
  • Middle School: Roseway Heights
  • High School: Madison

Lot Info

  • Lot Description: Level
  • Zoning: R-2
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Amount: 4127.33
  • Assessor Parcel Number: R193938
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.71

MLS Schools

  • Elementary School: Vestal
  • High School: Madison
  • Middle School: Roseway Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Mar 4, 2020
Sold by
Whiteis Lauranne M
Bought by
Simmons Nicole D
Seller's Agent
Jayston Ripplinger
Realty Pro Oregon LLC.
Buyer's Agent
Lauren Klimoff
MORE Realty
List Price
$425,000
Sold Price
$423,000
Premium/Discount to List
-$2,000
-0.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%
Original Mortgage
$14,805
Interest Rate
3.4%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 22, 2015
Sold by
Whiteis Lauranne M
Bought by
Whiteis Lauranne M and Lauranne M Whiteis Trust
Source: Public Records

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Range of Values:

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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 $423,000 First American
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $440,577 FHA
Closed $14,805 Stand Alone Second
Closed $415,338 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $570,000 +34.8% $349 / Sq Ft
03/06/2020 03/06/20 Sold $423,000 -0.5% $259 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $425,000 -- $260 / 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 $5,203 $188,800 $0 $0
2022 $4,895 $183,310 $0 $0
2021 $4,812 $177,980 $0 $0
2020 $4,415 $172,800 $0 $0
2019 $4,252 $167,770 $0 $0
2018 $4,127 $162,890 $0 $0
2017 $3,956 $158,150 $0 $0
2016 $3,620 $153,550 $0 $0
2015 $3,525 $149,080 $0 $0
2014 -- $144,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20485055

Regional Multiple Listing Service (RMLS)

APN: R193938