$995,000
$105K PRICE DROP

2047 SW 10th Ave Portland, OR 97201

Southwest Hills Neighborhood

Estimated payment $6,743/month

Total Views 334,039
7 Beds
5 Baths
3,350 Sq Ft
$297 Price per Sq Ft

Highlights

  • City View
  • Corner Lot
  • Window Unit Cooling System
  • Ainsworth Elementary School Rated A-
  • No HOA
  • 3-minute walk to PSU Children's Playground

About This Home

5 Plex with CITY VIEWS and close to PSU campus. Zoning is RM4 which accommodates a high density, multi-dwelling build up to 30 units in a fabulous, central city location. As an investment, this 1912 build has a consistent rental history with a blend of studio, 1,2 and 3 bedroom units. Both Roof and Boiler are newer. Main floor units have hardwood floors, period built-ins, large front porch and patio access. Garage is currently used for storage and not rented. Laundry machines are located in the basement.

Listing Agent

Douglas Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #200903041 Listed on: 02/03/2025

John L. Scott Portland Central

Co-Listing Agent

Maddie Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #201226780

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,299

Year Built

  • Built in 1912

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • On-Street Parking
  • Controlled Entrance

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 3,350 Sq Ft Home
  • 3-Story Property
  • City Views
  • Finished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Schools

  • Ainsworth Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R127353

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Southwest Hills Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $37,005
  • Gross Income $89,448
  • Net Operating Income $52,443

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,299

Year Built

Built in 1912

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1912
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Storage: Attached,Garage
  • Total Bedrooms: 7
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: HardConcreteStucco
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No
  • Garage Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: Entry
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Zoning: RM4
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel #: R127353

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 17299.12

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 11.12
  • Annual Gross Income: 89448.0
  • Property Net Operating Income: 52443.0
  • Annual Operating Expense: 37005.0

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

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Price Changed $995,000 -9.5% $297 / Sq Ft
02/03/2025 02/03/25 For Sale $1,100,000 -- $328 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 589908567

Regional Multiple Listing Service (RMLS)

APN: 1S1E04DB 01500

Oregon Multnomah County Portland 97201 Southwest Hills

2047 SW 10th Ave, Portland, OR

This home is located at 2047 SW 10th Ave, Portland, OR 97201 and is currently priced at $995,000, approximately $297 per square foot. This property was built in 1912. 2047 SW 10th Ave is a home located in Multnomah County with nearby schools including Ainsworth Elementary School, West Sylvan Middle School, and Lincoln 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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Douglas Landers
Listing Agent
Douglas Landers
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John L. Scott Portland Central
(971) 247-9901