$874,900
$20K PRICE DROP

1908 NE 72nd Ave Unit 1914 Portland, OR 97213

Madison South Neighborhood

Estimated payment $5,482/month

Total Views 2,586
5 Beds
4 Baths
3,170 Sq Ft
$276 Price per Sq Ft

Highlights

  • 0.31 Acre Lot
  • 95% Forced Air Heating System
  • Lap Siding
  • Corner Lot
  • High Speed Internet
  • 1-Story Property

About This Home

Wonderfully kept 4 Plex in a very well established community, close to Rose City Golf, a public golf course. This property has been in the same family for over 60 years. Current long term tenants wish to stay. Unit 1208, 1210, 1212 are identical layouts with 1 bedroom 1 bathroom each. Wall to wall carpet and a fireplace in each unit. Rent is $1,030. Unit 1214 has 2 bedrooms and 1 bathroom. It has wall to wall carpet and a gas fireplace. Additionally, this unit has use of the 2 car garage and bonus attic space. This unit has a private enclosed back yard. Rent is $1,790. All units have a dedicated full unfinished basements where the laundry hook-ups are located. Off-street parking for all units. The property is located on a massive corner lot that may hold future development potential. Low maintenance brick exterior, updated gas furnaces, close proximity to shopping, and easy freeway access make this a wonderful addition to any portfolio.

Listing Agent

Benjamin Roth

MORE Realty Brokerage Phone: 971-235-7568 License #201011016 Listed on: 06/11/2025

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,029

Year Built

  • Built in 1949

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 114x135
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,170 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

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

Utilities

  • No Cooling
  • 95% Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R194035

Community Details

Overview

  • 4 Units
  • Madison South Subdivision

Building Details

  • Gross Income $55,000
  • Net Operating Income $55,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,029

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1949
  • Property Condition: Restored
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, PartiallyFinished
  • Storage: Basement
  • Total Bedrooms: 5
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Brick,LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: Cable
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir95Plus
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.31
  • Lot Size: 114x135
  • Lot Size Sq Ft: 13503.0
  • Parcel #: R194035

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 9028.9

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.91
  • Annual Gross Income: 55000.0
  • Property Net Operating Income: 55000.0

Map

Range of Values:

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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
2024 $9,029 $337,460 -- --
2023 $9,029 $327,640 $0 $0
2022 $8,494 $318,100 $0 $0
2021 $8,350 $308,840 $0 $0
2020 $7,660 $299,850 $0 $0
2019 $7,607 $291,120 $0 $0
2018 $7,162 $282,650 $0 $0
2017 $6,864 $274,420 $0 $0
2016 $6,282 $266,430 $0 $0
2015 $6,117 $258,670 $0 $0
2014 $6,025 $251,140 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Price Changed $874,900 -2.2% $276 / Sq Ft
06/11/2025 06/11/25 For Sale $895,000 -- $282 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 535111269

Regional Multiple Listing Service (RMLS)

APN: R194035