$1,199,000
$76K PRICE DROP

Estimated payment $7,040/month

Total Views 12,511
1 Bed
1 Bath
2,883 Sq Ft
$416 Price per Sq Ft

Highlights

  • No HOA
  • Storage
  • Wood Siding
  • Irvington Elementary School Rated 10
  • Laundry Facilities
  • Gravity Heating System

About This Home

Fantastic investment opportunity to acquire a 6-plex in the vibrant heart of Northeast Portland. This property is conveniently located by shops, restaurants, public transport, and highway access. It features six 1-bedroom, 1-bathroom apartment units, complete with on-site laundry facilities and personal storage units. No sign present on the property. 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: 11/17/2024

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

  • $7,820

Year Built

  • Built in 1940

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,883 Sq Ft Home
  • 1-Story Property
  • Storage
  • Partial Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Schools

  • Irvington Elementary School
  • Harriet Tubman Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Gravity Heating System

Listing and Financial Details

  • Assessor Parcel Number R182544

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Irvington Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $11,730
  • Gross Income $92,916
  • Net Operating Income $81,186

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,820

Year Built

Built in 1940

Lot Details

0

Listing Details

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

Interior Features

  • Basement: PartialBasement
  • Storage: IndividualStorageUnits
  • Total Bedrooms: 1
  • Lot Size Range: SqFt5000to6999

Exterior Features

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

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gravity
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

  • Elementary School: Irvington
  • High School: Jefferson
  • Middle Or Junior School: Harriet Tubman

Lot Info

  • Zoning: RM3
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R182544

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7820.34

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 12.9
  • Annual Gross Income: 92916.0
  • Property Net Operating Income: 81186.0
  • Annual Operating Expense: 11730.0

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

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $1,199,000 -4.0% $416 / Sq Ft
05/27/2025 05/27/25 Price Changed $1,249,000 -1.6% $433 / Sq Ft
03/26/2025 03/26/25 Price Changed $1,269,000 -0.5% $440 / Sq Ft
11/17/2024 11/17/24 For Sale $1,275,000 0.0% $442 / Sq Ft
01/19/2022 01/19/22 Sold $1,275,000 -1.9% $442 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $1,300,000 +59.5% $451 / Sq Ft
05/19/2015 05/19/15 Sold $815,000 -1.2% $212 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $825,000 +9.9% $215 / Sq Ft
06/10/2014 06/10/14 Sold $751,000 +3.6% $195 / Sq Ft
05/24/2014 05/24/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $725,000 -- $189 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24611974

Regional Multiple Listing Service (RMLS)

APN: 1N1E26CC 06900