NOT LISTED FOR SALE

2069 SW Park Ave Portland, OR 97201

Southwest Hills Neighborhood

Estimated Value: $933,000 - $1,073,000

4 Beds
4 Baths
3,624 Sq Ft
$279/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $1,000,000 $276 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,579/month

91 Days on Market

Highlights

  • City View
  • Cul-De-Sac
  • Zoned Heating
  • Ainsworth Elementary School Rated A-
  • Storage
  • Wood Siding

About This Home

As of March 2023

Victorian Style 4-plex in desirable Southwest Hills neighborhood. 1 block to PSU and close to all the amenities Downtown Portland has to offer. Property consists of two 1 bedroom units and two 3 bedroom units. This property is an excellent opportunity for an investor or use owner occupied financing and rent out 3 units. Unit D is a vacant 3 bed/1 bath unit on the top floor with a view of downtown PDX.

Last Agent to Sell the Property

Jacob Wathen

MORE Realty License #201222796 Listed on: 12/15/2022

MORE Realty

Co-Listed By

Trent Werner

Uptown Properties, LLC License #201223314

Last Buyer's Agent

Sang Vu

Rarebird Real Estate License #201220018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,649

Year Built

  • Built in 1900

Lot Details

  • Cul-De-Sac
  • Sloped Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Stem Wall Foundation
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 3,624 Sq Ft Home
  • 3-Story Property
  • Storage
  • City Views
  • Crawl Space
  • Fire Escape

Schools

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

Utilities

  • No Cooling
  • Zoned Heating

Listing and Financial Details

  • Rent includes ground maintenance
  • Assessor Parcel Number R246521

Community Details

Overview

  • 4 Units
  • Southwest Hills Subdivision

Building Details

  • Operating Expense $15,542
  • Gross Income $71,098
  • Net Operating Income $55,555

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,649

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1900
  • Property Condition: Restored
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Locked
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Cedar,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter, PillarPostPier, StemWall
  • View: Yes
  • Lot Features: Cul_de_sac, Sloped
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Security: FireEscape
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RH
  • Parcel #: R246521

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 12649.3

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.07
  • Annual Gross Income: 71098.0
  • Property Net Operating Income: 55555.0
  • Annual Operating Expense: 15542.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
May 26, 2023
Sold by
Vu Renovations-015 Llc
Bought by
Vu Renovations-015 Llc
Seller's Agent
Jacob Wathen
MORE Realty
Buyer's Agent
Sang Vu
Rarebird Real Estate
List Price
$1,099,500
Sold Price
$1,000,000
Premium/Discount to List
-$99,500
-9.05%
Views
70
Current Estimated Value
$1,009,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,934
Avg. Annual Appreciation
0.42%
Original Mortgage
$828,100
Outstanding Balance
$810,300
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$199,634

Purchase Details

Listed on
Dec 15, 2022
Closed on
Mar 28, 2023
Sold by
Oregon Residential Properties Llc
Bought by
Vu Renovations-015 Llc
Seller's Agent
Jacob Wathen
MORE Realty
Buyer's Agent
Sang Vu
Rarebird Real Estate
List Price
$1,099,500
Sold Price
$1,000,000
Premium/Discount to List
-$99,500
-9.05%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,100
Outstanding Balance
$810,300
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$199,634

Purchase Details

Closed on
Aug 30, 2016
Sold by
Oregon Residential Properties Llc
Bought by
Oregon Residential Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2016
Closed on
Mar 17, 2016
Sold by
Smith David H
Bought by
Oregon Residential Properties Llc
Seller's Agent
Michael Biehler
RE/MAX Equity Group
Buyer's Agent
Lorna & Sarah Murray
RE/MAX Equity Group
List Price
$799,900
Sold Price
$738,000
Premium/Discount to List
-$61,900
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.44%
Original Mortgage
$315,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2003
Sold by
Kaminski Michael S
Bought by
Smith David H and Mcdonagh Marian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2000
Sold by
Preferred Funding Inc
Bought by
Kaminski Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
8.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 17, 2000
Sold by
Scales Wallace O
Bought by
Preferred Funding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
8.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 22, 1997
Sold by
High 5 Entertainment Group Inc
Bought by
High 5 Investment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 1997
Sold by
Hunter A Gordon
Bought by
Scales Wallace O and High Five Entertainment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vu Renovations-015 Llc -- None Listed On Document
Vu Renovations-015 Llc $1,000,000 Lawyers Title
Oregon Residential Properties Llc -- First American
Oregon Residential Properties Llc $738,000 First American
Smith David H $430,000 First American
Kaminski Michael S $485,000 First American Title Co
Preferred Funding Inc $240,967 --
High 5 Investment Group Inc $425,000 --
High 5 Investments Group Inc $225,000 --
Scales Wallace O $170,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vu Renovations-015 Llc $828,100
Previous Owner Vu Renovations-015 Llc $854,100
Previous Owner Oregon Residential Properties Llc $960,000
Previous Owner Oregon Residential Properties Llc $400,000
Previous Owner Oregon Residential Properties Llc $400,000
Previous Owner Oregon Residential Properties Llc $315,000
Previous Owner Smith David H $345,750
Previous Owner Smith David H $344,000
Previous Owner Kaminski Michael S $388,000
Previous Owner Scales Wallace O $210,000
Closed Scales Wallace O $15,000
Closed Kaminski Michael S $24,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $1,000,000 0.0% $276 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/01/2023 03/01/23 Price Changed $999,999 -4.8% $276 / Sq Ft
02/08/2023 02/08/23 Price Changed $1,049,900 -4.5% $290 / Sq Ft
12/15/2022 12/15/22 For Sale $1,099,500 +49.0% $303 / Sq Ft
05/12/2016 05/12/16 Sold $738,000 -7.7% $204 / Sq Ft
03/13/2016 03/13/16 Pending -- -- --
02/26/2016 02/26/16 For Sale $799,900 -- $221 / 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 $12,924 $488,380 $0 $0
2022 $12,649 $474,160 $0 $0
2021 $12,080 $460,350 $0 $0
2020 $11,407 $446,950 $0 $0
2019 $10,988 $433,940 $0 $0
2018 $10,665 $421,310 $0 $0
2017 $10,221 $409,040 $0 $0
2016 $9,147 $397,130 $0 $0
2015 $9,108 $385,570 $0 $0
2014 $8,030 $374,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jacob Wathen

    Seller's Agent in 2023

    Jacob Wathen

    MORE Realty

    (541) 525-3412

    1 in this area

    39 Total Sales

    Section Image
  • Trent Werner

    Seller Co-Listing Agent in 2023

    Trent Werner

    Uptown Properties, LLC

    (971) 235-1312

    2 in this area

    54 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Sang Vu

    Rarebird Real Estate

    (503) 451-0545

    2 in this area

    27 Total Sales

    Section Image

  • M

    Seller's Agent in 2016

    Michael Biehler

    RE/MAX

    Section Image
  • Lorna & Sarah Murray

    Buyer's Agent in 2016

    Lorna & Sarah Murray

    RE/MAX

    (503) 680-2331

    1 in this area

    122 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22384731

Regional Multiple Listing Service (RMLS)

APN: R246521

Oregon Multnomah County Portland 97201 Southwest Hills

2069 SW Park Ave, Portland, OR

This home is located at 2069 SW Park Ave, Portland, OR 97201 since 15 December 2022 and is currently estimated at $1,009,934, approximately $278 per square foot. This property was built in 1900. 2069 SW Park 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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