NOT LISTED FOR SALE
11 Beds
6 Baths
5,400 Sq Ft
2021 Built

Last Sold November 22, 2022

Last sale price $1,870,000 $346 Per Sq Ft

330 Days on Market

Highlights

  • New Construction
  • Cooling Available
  • Property is near a bus stop
  • Beverly Cleary School Rated A-
  • Handicap Accessible
  • High Speed Internet

About This Home

As of November 2022

Beautiful high end construction of modern 5 unit apartment complex from quality local builder with 1bed, 2bed & 4bed units. All units fully leased. Dream rental area. 94 walk score, 92 bike score. Featuring open floor plans, tall ceilings, SS appliances, quartz counters, soft close, W/D in units, sky lights, private fenced yards/decks for each unit and more! Situated in an excellent location, blocks to eateries, shopping, theater, max line, parks & schools. Listing broker is one of the owners.

Last Agent to Sell the Property

Bill Henderson

Oregon First License #200708008 Listed on: 11/02/2021

Last Buyer's Agent

Annie Rose Shapero

Portlandia Properties, LLC License #201208527

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,065

Year Built

  • Built in 2021 | New Construction

Home Design

  • Shingle Roof
  • Lap Siding
  • Cement Siding
  • Shake Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Home Security

  • Security Lights
  • Fire Sprinkler System

Schools

  • Beverly Cleary Elementary And Middle School
  • Grant High School

Utilities

  • Cooling Available
  • Heat Exchanger
  • Mini Split Heat Pump
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Handicap Accessible
  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R259488

Community Details

Overview

  • 5 Units
  • Hollywood / Grant Park Subdivision

Building Details

  • Operating Expense $18,690
  • Gross Income $146,640
  • Net Operating Income $127,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,065

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2021
  • Property Condition: NewConstruction
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding,LapSiding,ShakeSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Shingle

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: DSL
  • Security: FireSprinklerSystem, HandicapAccess, SecurityLights
  • Cooling: HeatExchanger
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Beverly Cleary
  • High School: Grant
  • Middle Or Junior School: Beverly Cleary

Lot Info

  • Zoning: RM2
  • Parcel #: R259488

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 2065.12

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 12.96
  • Annual Gross Income: 146640.0
  • Property Net Operating Income: 127500.0
  • Annual Operating Expense: 18690.0

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

Property History

Date Event Price Change Sq Ft Price
11/22/2022 11/22/22 Sold $1,870,000 -1.6% $346 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/14/2022 09/14/22 Price Changed $1,900,000 -5.0% $352 / Sq Ft
08/07/2022 08/07/22 Price Changed $2,000,000 -4.8% $370 / Sq Ft
04/25/2022 04/25/22 Price Changed $2,100,000 -1.2% $389 / Sq Ft
03/24/2022 03/24/22 Price Changed $2,125,555 -0.9% $394 / Sq Ft
02/21/2022 02/21/22 Price Changed $2,145,000 -0.2% $397 / Sq Ft
01/24/2022 01/24/22 Price Changed $2,150,000 -4.4% $398 / Sq Ft
11/28/2021 11/28/21 Price Changed $2,250,000 -4.3% $417 / Sq Ft
11/01/2021 11/01/21 For Sale $2,350,000 -- $435 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21281507

Regional Multiple Listing Service (RMLS)