NOT LISTED FOR SALE
10 Beds
10 Baths
4,150 Sq Ft
0.26 Acre 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21429069

Regional Multiple Listing Service (RMLS)

APN: 073W26DB00100

Your Personal Tour Guide

Ask me questions while you tour the home.