$535,000
$40K PRICE DROP

1704 NE 81st Ave Unit 1706 Portland, OR 97213

Madison South Neighborhood

Estimated payment $3,398/month

Total Views 12,331
4 Beds
2 Baths
1,560 Sq Ft
$343 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to Ne 82Nd
  • 2 Car Garage
  • No HOA
  • Baseboard Heating
  • 1-Story Property

About This Home

Duplex next door 1630-1632 is being sold too! This duplex is situated in an excellent location. Each unit features two bedrooms and one bathroom, and both are currently occupied. The properties boast hardwood floors and quartz countertops in the kitchen. This prime location is in close proximity to a university, public transportation, and highway access, making it an attractive rental opportunity. Please refrain from disturbing the tenants. Listing agent is an Oregon licensed Realtor, and Trustee to property.

Listing Agent

Risa Davis

eXp Realty, LLC Brokerage Phone: 503-358-4311 License #200308111 Listed on: 11/18/2024

eXp Realty, LLC

Co-Listing Agent

Lillie Barr

eXp Realty, LLC Brokerage Phone: 503-358-4311 License #201252433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,253

Year Built

  • Built in 1962

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Jason Lee Elementary School
  • Roseway Heights Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R194142

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,845
  • Gross Income $29,880
  • Net Operating Income $21,035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,253

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1962
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

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

  • Association: No

Schools

  • Elementary School: Jason Lee
  • High School: Leodis McDaniel
  • Middle Or Junior School: Roseway Heights

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R194142

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5253.44

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.9
  • Annual Gross Income: 29880.0
  • Property Net Operating Income: 21035.0
  • Annual Operating Expense: 8845.0

Map

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

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 $5,253 $190,640 $0 $0
2022 $4,942 $185,090 $0 $0
2021 $4,859 $179,700 $0 $0
2020 $4,457 $174,470 $0 $0
2019 $4,293 $169,390 $0 $0
2018 $4,167 $164,460 $0 $0
2017 $3,994 $159,670 $0 $0
2016 $3,655 $155,020 $0 $0
2015 $3,559 $150,510 $0 $0
2014 $3,505 $146,130 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2025 04/02/25 Price Changed $535,000 0.0% $343 / Sq Ft
04/02/2025 04/02/25 For Sale $535,000 -2.7% $343 / Sq Ft
03/26/2025 03/26/25 Price Changed $550,000 -4.3% $353 / Sq Ft
11/18/2024 11/18/24 For Sale $575,000 +13.9% $369 / Sq Ft
10/29/2021 10/29/21 Sold $505,000 0.0% $324 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $505,000 -- $324 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- None Listed On Document
Warranty Deed $505,000 First American
Warranty Deed $190,000 First American Title Insuran
Interfamily Deed Transfer -- Accommodation
Warranty Deed $152,700 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $378,000 New Conventional
Previous Owner $154,000 New Conventional
Previous Owner $152,000 Purchase Money Mortgage
Previous Owner $150,340 FHA
Source: Public Records

Similar Homes in Portland, OR

  • 4840 NE 99th Ave, Portland, OR 97220

    $595,000

    • 6 Beds
    • 4 Baths
    • 1,974 Sq Ft
    • 4840 NE 99th Ave
    • Portland, OR

    *** ASTONISHING CASH FLOW *** OVER 9% CAP RATE *** This amazing cash flow is a rare find. HURRY NOW BEFORE THIS GREAT DEAL IS GONE!!! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available

    Jason Kennedy RE/MAX Equity Group

    Section Image
  • 1304 NE 79th Ave Unit 1306, Portland, OR 97213

    $470,000

    • 2 Beds
    • 2 Baths
    • 1,370 Sq Ft
    • 1304 NE 79th Ave
    • Unit 1306
    • Portland, OR

    Single level duplex with a large backyard and unbeatable access to I84 just blocks from central Montavilla. Gorgeous hardwood floors with new windows and exterior paint updates in 2022. A carport added in 2021 and long driveway give ample room for off-street parking. Each unit is 1 bed 1 bath with washer and dryer hookup. Both units occupied with excellent rental history! Buyer to do due

    Adam Karp Works Real Estate

    Section Image
  • 1643 NE 74th Ave Unit 1645, Portland, OR 97213

    $570,000

    • 4 Beds
    • 2 Baths
    • 1,632 Sq Ft
    • 1643 NE 74th Ave
    • Unit 1645
    • Portland, OR

    This classic mid-century duplex features two 2-bedroom 1-bathroom units and a consistent rental history. Each unit enjoys off-street parking and a small private yard. Upgrades include recently replaced exterior siding, windows, and electrical panels - plus seller to have new roof installed prior to closing. Located in the desirable Montavilla neighborhood and a few blocks from the park-like Rose

    Lauren Klimoff MORE Realty

    Section Image
  • 100 NE 78th Ave Unit 102, Portland, OR 97213

    $550,000

    • 4 Beds
    • 2 Baths
    • 1,560 Sq Ft
    • 100 NE 78th Ave
    • Unit 102
    • Portland, OR

    Nicely remodeled one level duplex with off street parking on quiet street of nice houses in desirable Montavilla. Front unit newly redone with quartz kitchen counters, stainless appliances and new interior paint throughout. Nicely remodeled bathroom with subway tile tub/shower and heated tile floor. Bamboo floors throughout living, hall and both bedrooms. Back unit has similar finishes plus a

    Andrew Berlinberg Keller Williams Realty Professionals

    Section Image
  • 74 NE Sacramento St, Portland, OR 97213

    $649,900

    • 4 Beds
    • 2 Baths
    • 74 NE Sacramento St
    • Portland, OR

    Welcome to this well maintained Classic Duplex in the heart of NE Portlands Williams Corridor/Boise Elliot Neighborhood. This investment property has two separate rentable units with two separate garages and driveways. Lower unit features 1 bedroom, 1 full bathroom, pocket doors, wood floors, separate basement w/washer & dryer. 2nd unit features 2 bedrooms, large deck for entertaining and garden

    Joshua Sher eXp Realty, LLC

    Section Image
  • 9023 SE Ankeny St Unit 9025, Portland, OR 97216

    $480,000

    • 4 Beds
    • 2 Baths
    • 9023 SE Ankeny St
    • Unit 9025
    • Portland, OR

    Don’t miss this rare opportunity to own a classic Portland duplex nestled on a quiet street. This property offers two spacious units, each featuring 2 bedrooms, 1 bathroom, and private laundry facilities—perfect for owner-occupancy, multigenerational living, or a solid investment. Step inside to discover the warmth of real hardwood floors that flow throughout both units, adding timeless charm and

    Drew Coleman Opt

    Section Image
  • 9016-9022 SE Ankeny St, Portland, OR 97216

    $569,900

    • 4 Beds
    • 2 Baths
    • 1,538 Sq Ft
    • 9016-9022 SE Ankeny St
    • Portland, OR

    Excellent opportunity to own this fully updated, well-maintained Montavilla duplex. The seller currently holds an assumable FHA loan at a 2.25% interest rate; please ask your broker for details and eligibility information. The property features beautiful shared grounds with newer sidewalks, individual storage sheds for each unit, four paved off-street parking spaces, and fully fenced, separate

    Jason Nichols eXp Realty, LLC

    Section Image
  • 3817 NE 82nd Ave, Portland, OR 97220

    $489,000

    • 4 Beds
    • 2 Baths
    • 1,816 Sq Ft
    • 3817 NE 82nd Ave
    • Portland, OR

    Turnkey Duplex in Prime Roseway Location! Ideal for owner-occupants and investors alike, this renovated duplex offers a unique opportunity with one vacant unit ready for move-in and the other on a month-to-month lease for immediate rental income. Located in the heart of NE Portland, just minutes from Sandy, Fremont, and Rocky Butte, this property features brand-new systems, a new roof, and

    Melissa Dorman Living Room Realty

    Section Image
  • 10238 NE Morris Ct Unit 10240, Portland, OR 97220

    $514,995

    • 4 Beds
    • 2 Baths
    • 1,750 Sq Ft
    • 10238 NE Morris Ct
    • Unit 10240
    • Portland, OR

    Welcome to this meticulously maintained classic 1967 duplex nestled in the charming Parkrose area. This one-level gem exudes timeless mid-century charm and boasts a perfect blend of classic features and modern conveniences. Each unit is thoughtfully designed, offering two bedrooms and one bath, providing comfortable living spaces that stand the test of time.As you step into these well-preserved

    Kevin Smallbeck RE/MAX Equity Group

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24387918

Regional Multiple Listing Service (RMLS)

APN: R194142