$1,700,000

Estimated payment $10,789/month

Total Views 2,053
8 Beds
10 Baths
6,782 Sq Ft
$251 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating System
  • Level Lot
  • West Sylvan Middle School Rated A-
  • Laundry Facilities
  • Wood Siding

About This Home

The Willa offers residents (10 units) an exceptional living experience with immediate access to the vibrant amenities of Nob Hill, Slabtown, and the Pearl District. Strong tenant demand with walkability to top-tier dining & retail plus proximity to key employment centers. Property with stable occupancy, proven rental upside, and continued growth in one of Portland’s most desirable submarkets, presenting a compelling opportunity for investors seeking long-term appreciation and operational efficiencies.

Listing Agent

Steve Odermann

Windermere Realty Trust Brokerage Email: sodermann@windermere.com License #201209382 Listed on: 07/18/2025

Windermere Realty Trust

Co-Listing Agent

Nick Odermann

Windermere Realty Trust Brokerage Email: sodermann@windermere.com License #201211490

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,773

Year Built

  • Built in 1894

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,782 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Bathrooms

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number R198566

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Alphabet Historic District Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $70,509
  • Gross Income $159,292
  • Net Operating Income $88,783

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,773

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1894
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: BuiltUp

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

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

Lot Info

  • Zoning: RM3
  • Lot Size Acres: 0.12
  • Lot Size: 100' by 50'
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R198566

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 17773.06
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 10.67
  • Annual Gross Income: 159292.0
  • Property Net Operating Income: 88783.0
  • Annual Operating Expense: 70509.0

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
07/18/2025 07/18/25 For Sale $1,700,000 -- $251 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 288175977

Regional Multiple Listing Service (RMLS)