NOT LISTED FOR SALE
10 Beds
10 Baths
4,150 Sq Ft
0.26 Acres Lot

Sale Details

Date Sold: August 10, 2021

Last sale price $880,000 $212 Per Sq Ft

6 Days on Market

Highlights

  • Waterfront
  • Views
  • Level Lot
  • Air Conditioning
  • Washer and Dryer
  • 4-minute walk to Mill Race Park

About This Home

As of August 2021

Rare and exceptional investment property opportunity in prime location near downtown! This 5-unit multifamily property is 100% turn-key & needs nothing! New roof, water heaters in all units, and fence along back all done in 2021. All units come with full kitchen appliance packages AND washer & dryer. Parking for 8 cars including 1 handicap space. Mostly long term tenants in place ranging from 1+ year to 20+ years occupancy. Offers significant rental income upside as it is well below market rent.

Last Agent to Sell the Property

Evan Nelson

eXp Realty, LLC License #201206804 Listed on: 07/16/2021

eXp Realty, LLC

Last Buyer's Agent

Laura Gillott

Keller Williams Realty Mid-Willamette License #920300248

Keller Williams Realty Mid-Willamette

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000 | Remodeled

Lot Details

  • Waterfront
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Dishwasher
  • Washer and Dryer
  • Property Views

Location

  • Flood Zone Lot

Utilities

  • Air Conditioning
  • Electric Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • Rent includes electricity, trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 2000 | Remodeled

Lot Details

0.26 Acres

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4150
  • Stories: 2
  • Year Built: 2000
  • Property Condition: Updated/Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ACRES 0.26
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Creek/Stream
  • Waterfront Description: Creek
  • Waterfront: Yes
  • Water Name: Mill Creek
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Heat Pump
  • Heating Description: Mini Split

Condo/Co-op/Association

  • Unit Features: Dishwasher, Refrigerator, Washer/Dryer, Air Conditioning

Lot Info

  • Lot Description: Level, Flood Zone
  • Zoning: RM2

Rental Info

  • Rent Includes: Electricity, Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 7937.79
  • Assessor Parcel Number: R27611
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 14.44

MLS Schools

  • Elementary School: Richmond
  • High School: South Salem
  • Middle School: Leslie
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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 List to Sale Price per Sq Ft Prior Sale
08/10/2021 08/10/21 Sold $880,000 +0.6% $212 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $875,000 +47.1% $211 / Sq Ft
01/29/2021 01/29/21 Sold $595,000 -8.5% $119,000 / Sq Ft View Prior Sale
12/04/2020 12/04/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $650,000 -- $130,000 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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
2025 $9,198 $482,510 -- --
2024 $9,198 $468,460 -- --
2023 $8,927 $454,820 $0 $0
2022 $8,417 $441,580 $0 $0
2021 $8,176 $428,720 $0 $0
2020 $8,183 $416,240 $0 $0
2019 $7,659 $404,120 $0 $0
2018 $7,794 $0 $0 $0
2017 $7,035 $0 $0 $0
2016 $6,700 $0 $0 $0
2015 $6,751 $0 $0 $0
2014 $6,533 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21429069

Regional Multiple Listing Service (RMLS)

APN: 073W26DB00100

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