NOT LISTED FOR SALE

18331 NE Multnomah St Unit 18333 Portland, OR 97230

North Gresham Neighborhood

Estimated Value: $418,000 - $569,000

5 Beds
3 Baths
2,342 Sq Ft
$213/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $400,000 $171 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,071/month

3 Days on Market

Highlights

  • Window Unit Cooling System
  • 2 Car Garage
  • 3-minute walk to Kirk Park
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of July 2023

Amazing value duplex with long term reliable tenants. Two units: First unit is a 2 bed, 2 bath with primary suite with sliding door to the deck. Vaulted ceiling living room with wall of windows & slider to deck. Roomy dining room and a family room that could be converted to 3rd bedroom. Second unit is a 2 bed, 1 bath ready for updates with it's own private deck. Each side has laundry, fireplace, and driveway with private garage. Very good value $/Sqft!

Last Agent to Sell the Property

Jarrin Benson

eXp Realty, LLC License #201229365 Listed on: 06/15/2023

eXp Realty, LLC

Last Buyer's Agent

Debra Russell

MORE Realty License #201220425

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,359

Year Built

  • Built in 1978

Lot Details

  • 8,015

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,342 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Hartley Elementary School
  • Reynolds Middle School
  • Reynolds High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R274579

Community Details

Overview

  • 2 Units
  • Springtree Park Subdivision

Building Details

  • Operating Expense $5,000
  • Gross Income $27,900
  • Net Operating Income $22,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,359

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Deck,Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Hartley
  • High School: Reynolds
  • Middle Or Junior School: Reynolds

Lot Info

  • Zoning: MDR
  • Parcel #: R274579

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4358.68

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.23
  • Annual Gross Income: 27900.0
  • Property Net Operating Income: 22900.0
  • Annual Operating Expense: 5000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jul 14, 2023
Sold by
Bohus Frank A and Bohus Charlene A
Bought by
Bogdan John
Seller's Agent
Jarrin Benson
eXp Realty, LLC
Buyer's Agent
Debra Russell
MORE Realty
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Views
63
Current Estimated Value
$492,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,929
Avg. Annual Appreciation
10.06%
Original Mortgage
$340,000
Outstanding Balance
$333,445
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$153,836

Purchase Details

Closed on
May 12, 2023
Sold by
West Family Trust
Bought by
Bohus Frank A and Bohus Charlene A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bogdan John $400,000 Chicago Title
Bohus Frank A -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bogdan John $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Sold $400,000 -5.9% $171 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $425,000 -- $181 / 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 $4,469 $256,400 $0 $0
2022 $4,359 $248,940 $0 $0
2021 $4,251 $241,690 $0 $0
2020 $3,977 $234,660 $0 $0
2019 $3,812 $227,830 $0 $0
2018 $3,774 $221,200 $0 $0
2017 $3,652 $214,760 $0 $0
2016 $3,493 $208,510 $0 $0
2015 $3,392 $202,440 $0 $0
2014 $3,261 $196,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jarrin Benson

    Seller's Agent in 2023

    Jarrin Benson

    eXp Realty, LLC

    (503) 505-1718

    1 in this area

    75 Total Sales

    Section Image
  • Debra Russell

    Buyer's Agent in 2023

    Debra Russell

    MORE Realty

    (503) 867-4210

    1 in this area

    40 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23541539

Regional Multiple Listing Service (RMLS)

APN: R274579

Oregon Multnomah County Portland 97230 North Gresham

18331 NE Multnomah St Unit 18333, Portland, OR

This home is located at 18331 NE Multnomah St Unit 18333, Portland, OR 97230 since 15 June 2023 and is currently estimated at $497,775, approximately $212 per square foot. This property was built in 1978. 18331 NE Multnomah St Unit 18333 is a home located in Multnomah County with nearby schools including Hartley Elementary School, Reynolds Middle School, and Reynolds High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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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