$850,000
PENDING $25K PRICE DROP

Estimated payment $5,272/month

Total Views 5,327
6 Beds
4 Baths
3,574 Sq Ft
$238 Price per Sq Ft

Highlights

  • Corner Lot
  • Property is near a bus stop
  • Wood Siding
  • No HOA
  • High Speed Internet
  • No Heating

About This Home

This property is perfect for investors or homeowners looking to live in one unit and rent out the other three. Generate steady rental income while enjoying the benefits of this location. This 4 plex features 6 bedrooms and 4 bathrooms, 3 units have wood floors throughout and 1 unit has carpet. Units come fully equipped with a range and refrigerator. Unit 1 comes with dishwasher and convenient washer and dryer hookups. The partial basement has coin operated washer and dryer and provides extra storage. Nestled in the Piedmont neighborhood, you're just 5 miles from the downtown Portland area and have easy access to the bus line and Max light rail. With dining, shopping and two fantastic parks offering multiple recreational activities within walking distance, you will not want to miss this opportunity !

Listing Agent

Jeff Yarbor

Keller Williams Sunset Corridor License #861000008 Listed on: 10/05/2024

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,437

Year Built

  • Built in 1952

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,574 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Basement

  • Partial Basement
  • Crawl Space
  • Basement Storage

Location

  • Property is near a bus stop

Schools

  • Woodlawn Elementary School
  • Ockley Green Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R172715

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Piedmont Subdivision

Building Details

  • Operating Expense $19,036
  • Gross Income $55,115
  • Net Operating Income $36,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,437

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1952
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, PartialBasement, StorageSpace
  • Storage: Basement
  • Total Bedrooms: 6
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level, LightRail, OnBusline, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: Sidewalk
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Woodlawn
  • High School: Roosevelt
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R172715

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6436.54

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.42
  • Annual Gross Income: 55115.0
  • Property Net Operating Income: 36079.0
  • Annual Operating Expense: 19036.0

Map

Range of Values:

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Average Value
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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
2023 $6,437 $233,570 $0 $0
2022 $6,055 $226,770 $0 $0
2021 $5,953 $220,170 $0 $0
2020 $5,461 $213,760 $0 $0
2019 $5,260 $207,540 $0 $0
2018 $5,106 $201,500 $0 $0
2017 $4,894 $195,640 $0 $0
2016 $4,479 $189,950 $0 $0
2015 $4,361 $184,420 $0 $0
2014 $4,295 $179,050 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Pending -- -- --
02/07/2025 02/07/25 Price Changed $850,000 -2.9% $238 / Sq Ft
11/22/2024 11/22/24 For Sale $875,000 0.0% $245 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
10/05/2024 10/05/24 For Sale $875,000 -- $245 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Wfg Title
Bargain Sale Deed -- Western Title & Escrow Co
Bargain Sale Deed -- --
Warranty Deed $239,800 Fidelity National Title Co
Warranty Deed $200,000 Pacific Nw Title
Warranty Deed $175,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,500 New Conventional
Closed $472,500 New Conventional
Closed $270,000 New Conventional
Closed $295,000 New Conventional
Closed $300,000 Purchase Money Mortgage
Previous Owner $179,850 Purchase Money Mortgage
Previous Owner $160,000 Purchase Money Mortgage
Previous Owner $116,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24284125

Regional Multiple Listing Service (RMLS)

APN: R172715