Updated 4 plex with long term renters who enjoy fabulous river and sunset views. The garages are in high demand in this upscale riverfront community. The CM2 zoning allows a wide range of commercial and residential uses. This turnkey property provides good cash flow and is ideal for future river view development. Take a drive and stroll on the levy to appreciate this tremendous opportunity.
Remarks Public: Updated 4 plex with long term renters who enjoy fabulous river and sunset views. The garages are in high demand in this upscale riverfront community. The CM2 zoning allows a wide range of commercial and residential uses. This turnkey property provides good cash flow and is ideal for future river view development. Take a drive and stroll on the levy to appreciate this tremendous opportunity.
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Legal Description: BRIDGETON, BLOCK 3, LOT 1-3
Storage: Attached, Garage(s)
Exterior Features
Exterior Description: Block
Lot Size: 7,000 to 9,999 SqFt
Roof Type: Metal
View: River, Territorial
Waterfront Description: River Front
Waterfront: Yes
Water Name: Columbia River
Foundation Details: Slab
View: Yes
Garage/Parking
Parking Description: Guest, Garage
Utilities
Fuel Description: Electricity
Hot Water: Electricity
Sewer: Public Sewer
Water Description: Public
Heating Description: Baseboard
Association/Amenities
Amenities Supplement: No
Condo/Co-op/Association
Common Amenities: Laundry
Unit Features: Deck, Range, Refrigerator, Storage, Window Coverings
Schools
Elementary School: Faubion
Middle School: Faubion
High School: Jefferson
School High2: Roosevelt
Lot Info
Lot Description: Corner Lot
Zoning: CM2
Water Rights Supplement: No
Green Features
Green Energy Supplement: No
Rental Info
Rent Includes: Trash Collection, Sewer, Water
Tax Info
Tax Amount: 3932.82
Assessor Parcel Number: R121097
Tax Year: 2017
Multi Family
Unit Type: 1, 2, 3, 4, 5, 6, 7, 8
Number Of Units Total: 4
Gross Rent Multiplier: 16.16
MLS Schools
Elementary School: Faubion
High School: Jefferson
Middle School: Faubion
Ownership History
DateNameOwned ForOwner Type
Oct 2020 - PresentSpeer Daniel4 Years and 8 Months
Private Individual
Purchase Details
Listed on
May 15, 2019
Closed on
Oct 15, 2020
Sold by
Wilkerson Kermit
Bought by
Speer Daniel
Seller's Agent
Randy Schumock
John L Scott Portland SW
Buyer's Agent
Ben Ficker
Keller Williams Sunset Corridor
List Price
$750,000
Sold Price
$747,500
Premium/Discount to List
-$2,500
-0.33%
Current Estimated Value
$809,841
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,341
Original Mortgage
$518,000
Outstanding Balance
$471,341
Interest Rate
2.8%
Mortgage Type
New Conventional
May 2014 - Oct 2020Wilkerson Kermit6 Years and 5 Months
Private Individual
Purchase Details
Listed on
Jan 9, 2014
Closed on
May 15, 2014
Sold by
Double B Llc
Bought by
Wilkerson Kermit
Seller's Agent
Joseph Chaplik
Joseph Bernard LLC
Buyer's Agent
Randy Schumock
John L Scott Portland SW
List Price
$350,000
Sold Price
$342,750
Premium/Discount to List
-$7,250
-2.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%
Original Mortgage
$332,925
Interest Rate
4.38%
Mortgage Type
FHA
Nov 2007 - May 2014Double B Llc6 Years and 6 Months
Company
Purchase Details
Closed on
Nov 29, 2007
Sold by
Buckley William T
Bought by
Double B Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.36%
Mortgage Type
Commercial
Nov 2007 - Nov 2007Double B LlcLess than a month
Company
Purchase Details
Closed on
Nov 1, 2007
Sold by
Engles James W
Bought by
Double B Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.36%
Mortgage Type
Commercial
Nov 2004 - Nov 2007Buckley William T and Buckley Bonnie K3 Years
Private Individual
Purchase Details
Closed on
Nov 16, 2004
Sold by
Peterson Donald L
Bought by
Buckley William T and Buckley Bonnie K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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Average Value
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List Price
Sold Price
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This home is located at 226 N Bridgeton Rd, Portland, OR 97217 since 15 May 2019 and is currently estimated at $809,841, approximately $325 per square foot. This property was built in 1956. 226 N Bridgeton Rd is a home located in Multnomah County with nearby schools including Faubion School, Jefferson High School, and Roosevelt High School.
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