$1,960,000

Estimated payment $11,820/month

Total Views 60
8 Beds
7 Baths
5,436 Sq Ft
$361 Price per Sq Ft

Highlights

  • City View
  • 3-minute walk to Nw 22Nd & Lovejoy
  • Forced Air Heating System
  • West Sylvan Middle School Rated A-
  • Window Unit Cooling System
  • Laundry Facilities

About This Home

Excellent high-demand location and solid investment opportunity. Steps to vibrant NW 23rd in the heart of Portland's iconic Northwest Alphabet District. Spacious 4 bedroom / 2 bath unit is ideal for owner occupancy and being held vacant. Rare off-street parking with driveway that can accommodate 3 cars. Extensive improvements include plumbing, electric, hvac and seismic retrofit. Seller retiring; has owned for 25 years and occupied 2 different units for a total of 13 years. Units have always been easily rented with low turnover. Shown by appointment to pre-qualified buyers.

Last Listed By

Jon Stagnitti

Land and Wildlife LLC License #200411278 Listed on: 05/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,185

Year Built

  • Built in 1905 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,436 Sq Ft Home
  • 3-Story Property
  • City Views
  • Finished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • Controlled Entrance

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number R198521

Community Details

Overview

  • 6 Units
  • Northwest/Alphabet District Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $25,000
  • Gross Income $132,840
  • Net Operating Income $107,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,185

Year Built

Built in 1905 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1905
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Total Bedrooms: 8
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: ShingleSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas,Tank
  • Security: Entry
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

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

Lot Info

  • Zoning: RM3
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R198521

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 10184.8

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 14.75
  • Annual Gross Income: 132840.0
  • Property Net Operating Income: 107840.0
  • Annual Operating Expense: 25000.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,793 $369,930 $0 $0
2022 $9,581 $359,160 $0 $0
2021 $9,419 $348,700 $0 $0
2020 $8,641 $338,550 $0 $0
2019 $8,323 $328,690 $0 $0
2018 $8,078 $319,120 $0 $0
2017 $7,742 $309,830 $0 $0
2016 $7,085 $300,810 $0 $0
2015 $6,899 $292,050 $0 $0
2014 $6,795 $283,550 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $1,960,000 -- $361 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Available
Warranty Deed $485,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Credit Line Revolving
Previous Owner $603,750 New Conventional
Previous Owner $300,000 Unknown
Previous Owner $412,250 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 184960455

Regional Multiple Listing Service (RMLS)

APN: R198521