$625,000
SOLD OCT 28, 2024

215 S Gibbs St Portland, OR 97239

South Portland Neighborhood
-- Bed
-- Bath
2,324 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$269 Per Sq Ft

7% Below List Price

94 Days on Market

Highlights

  • City View
  • 5-minute walk to Ohsu Commons
  • Green Certified Home
  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of October 2024

Incredible investment or owner-occupied income producing opportunity just steps from OHSU, perfect for medical/dental students, doctors and traveling nurses. This updated craftsman boasts modern conveniences with timeless touches and charm throughout. This property features a kitchen, bedroom and full bathroom on each level. Main floor kitchen and bathroom have been completely remodeled with stunning modern finishes. Lower level kitchen has also been fully remodeled with one of kind finishes and updates have been made to the lower level bathroom as well. Upper level balcony enjoys beautiful territorial views. Secured and separate entrances allow easy access to each level and unit of the property. This location can't be beat with quick access to the South Waterfront, and walking distance to Gibbs and Tilikum pedestrian bridges for easy access to downtown Portland and the OHSU tram. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10011388]

Last Agent to Sell the Property

Ryan Kristin

Berkshire Hathaway HomeServices NW Real Estate License #201218143 Listed on: 07/18/2024

Berkshire Hathaway HomeServices NW Real Estate

Last Buyer's Agent

Tim Kaelin

Coldwell Banker Professional License #201245456

Coldwell Banker Professional

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,167

Year Built

  • Built in 1910 | Remodeled

Parking

  • On-Street Parking

Property Views

  • City
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,324 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Apartment Living Space in Basement

Schools

  • Capitol Hill Elementary School
  • Jackson Middle School
  • Ida B Wells High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Green Certified Home
  • 1,742 Sq Ft Lot

Listing and Financial Details

  • Rent includes electricity, heat, water
  • Assessor Parcel Number R129034

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $58,800
  • Net Operating Income $41,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,167

Year Built

Built in 1910 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1910
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, SeparateLivingQuartersApartmentAuxLivingUnit
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City,Territorial

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.04
  • Lot Size Sq Ft: 1742.0
  • Parcel #: R129034

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Electricity, Heat, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 8167.4

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 10.63
  • Annual Gross Income: 58800.0
  • Property Net Operating Income: 41160.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Oct 25, 2024
Sold by
Dinius Adam Michael
Bought by
Tongloble Enterprise Llc
Seller's Agent
Ryan Kristin
Berkshire Hathaway HomeServices NW Real Estate
Buyer's Agent
Tim Kaelin
Coldwell Banker Professional
List Price
$674,500
Sold Price
$625,000
Premium/Discount to List
-$49,500
-7.34%
Total Days on Market
94
Views
37
Current Estimated Value
$620,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,834
Avg. Annual Appreciation
-1.31%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $625,000 Wfg Title
Bargain Sale Deed $413,497 Wfg Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $625,000 0.0% $269 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
10/11/2024 10/11/24 Price Changed $624,900 -3.8% $269 / Sq Ft
09/03/2024 09/03/24 Price Changed $649,500 -3.7% $279 / Sq Ft
07/19/2024 07/19/24 For Sale $674,500 -- $290 / 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 $8,494 $308,510 $0 $0
2022 $7,991 $299,530 $0 $0
2021 $7,856 $290,812 $0 $0
2020 $6,433 $252,060 $0 $0
2019 $6,196 $244,720 $0 $0
2018 $6,014 $237,600 $0 $0
2017 $5,764 $230,680 $0 $0
2016 $5,275 $223,970 $0 $0
2015 $5,137 $217,450 $0 $0
2014 $4,755 $211,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Kristin

    Seller's Agent in 2024

    Ryan Kristin

    BHHS Oregon- Northwest

    (503) 729-8384

    2 in this area

    93 Total Sales

    Ryan Kristin
    Section Image
  • Tim Kaelin

    Buyer's Agent in 2024

    Tim Kaelin

    Coldwell Banker Professional

    (541) 285-6080

    1 in this area

    94 Total Sales

    Tim Kaelin
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24405105

Regional Multiple Listing Service (RMLS)

APN: R129034

Oregon Multnomah County Portland 97239 South Portland

215 S Gibbs St, Portland, OR

This home is located at 215 S Gibbs St, Portland, OR 97239 and is currently priced at $625,000, approximately $268 per square foot. This property was built in 1910. 215 S Gibbs St is a home located in Multnomah County with nearby schools including Capitol Hill Elementary School, Jackson Middle School, and Ida B. Wells-Barnett High School.

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