NOT LISTED FOR SALE

2165 NE Multnomah St Unit 2169 Portland, OR 97232

Sullivan's Gulch Neighborhood

Estimated Value: $989,000 - $1,089,000

6 Beds
8 Baths
4,214 Sq Ft
$247/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $825,000 $196 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,957/month

89 Days on Market

Highlights

  • Storage
  • Landscaped with Trees
  • Baseboard Heating
  • Irvington Elementary School Rated 10
  • Property is near a bus stop
  • Level Lot

About This Home

As of January 2020

Strategically located triplex within walking distance of public transportation, Lloyd Center, and NE Broadway. Rare 3-bed, 2.5-bath triplex with off-street parking for four cars. Each unit is equipped with washer and dryer hookups. Fantastic owner-occupied unit with upgraded cabinets, microwave, dishwasher, Jacuzzi tub, and glazed windows throughout. Exterior paint could really bring out the modern lines. Good upside in rents.

Last Agent to Sell the Property

Jim McCartan

Cascade Hasson Sotheby's International Realty License #930100065 Listed on: 09/26/2019

Cascade Hasson Sotheby's International Realty

Co-Listed By

Kayla McCormick

The Agency Portland License #201221240

Last Buyer's Agent

Marc Rogers

Township Properties Real Estate LLC License #910700060

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,431

Year Built

  • Built in 1975

Lot Details

  • Level Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Cedar

Interior Spaces

  • 4,214 Sq Ft Home
  • 3-Story Property
  • Storage
  • Finished Basement

Parking

  • Paved Parking
  • Open Parking

Location

  • Property is near a bus stop

Schools

  • Buckman Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R181857

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $23,043
  • Gross Income $63,180
  • Net Operating Income $36,978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,431

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Storage: Attached
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level, OnBusline, Trees
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: R2.5
  • Parcel #: R181857

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 13430.77

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.63
  • Annual Gross Income: 63180.0
  • Property Net Operating Income: 36978.0
  • Annual Operating Expense: 23043.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2019
Closed on
Jan 29, 2020
Sold by
Kch Llc
Bought by
Zeller Randall and Dallmann Denise
Seller's Agent
Jim McCartan
Cascade Hasson Sotheby's International Realty
Buyer's Agent
Marc Rogers
Township Properties Real Estate LLC
List Price
$924,450
Sold Price
$825,000
Premium/Discount to List
-$99,450
-10.76%
Current Estimated Value
$1,041,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,849
Avg. Annual Appreciation
4.20%
Original Mortgage
$618,750
Outstanding Balance
$548,898
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$492,951

Purchase Details

Closed on
Jun 16, 2009
Sold by
Hallberg Kathryn C
Bought by
Hallberg Kathryn C and The Kathryn C Hallberg Trust
Source: Public Records

Range of Values:

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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
Zeller Randall $825,000 Old Republic Title Co Of Or
Hallberg Kathryn C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeller Randall $618,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2020 01/31/20 Sold $825,000 -10.8% $196 / Sq Ft
12/24/2019 12/24/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $924,450 -- $219 / 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
2024 $16,933 $632,880 -- --
2023 $16,282 $614,450 $0 $0
2022 $15,930 $596,560 $0 $0
2021 $15,660 $579,190 $0 $0
2020 $14,366 $562,330 $0 $0
2019 $13,838 $545,960 $0 $0
2018 $13,431 $530,060 $0 $0
2017 $12,872 $514,630 $0 $0
2016 $11,781 $499,650 $0 $0
2015 $11,471 $485,100 $0 $0
2014 $11,298 $470,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim McCartan

    Seller's Agent in 2020

    Jim McCartan

    Cascade Hasson Sotheby's International Realty

    (503) 314-2100

    120 Total Sales

    Jim McCartan
    Section Image
  • Kayla McCormick

    Seller Co-Listing Agent in 2020

    Kayla McCormick

    The Agency Portland

    (503) 523-6942

    82 Total Sales

    Kayla McCormick
    Section Image

  • M

    Buyer's Agent in 2020

    Marc Rogers

    Township Properties Real Estate LLC

    (503) 703-0964

    10 Total Sales

    Marc Rogers
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19424357

Regional Multiple Listing Service (RMLS)

APN: R181857

Oregon Multnomah County Portland 97232 Sullivan's Gulch

2165 NE Multnomah St Unit 2169, Portland, OR

This home is located at 2165 NE Multnomah St Unit 2169, Portland, OR 97232 since 26 September 2019 and is currently estimated at $1,041,849, approximately $247 per square foot. This property was built in 1975. 2165 NE Multnomah St Unit 2169 is a home located in Multnomah County with nearby schools including Irvington Elementary School, Harriet Tubman Middle School, and Jefferson High School.

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