$1,068,900
$226K PRICE DROP

Estimated payment $7,205/month

Total Views 10,608
8 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • Forced Air Heating System
  • Level Lot
  • No HOA
  • 4 Car Garage
  • Wood Siding

About This Home

CASH FLOWING INVESTMENT. Turnkey 4-Unit Investment Opportunity – Cash Flow from Day One!Calling all investors! This fully occupied, income-producing property features a triplex + a standalone SFH all on one tax lot — a rare find in today’s market. Run the numbers:Estimated monthly mortgage: $6,838 (based on 20% down, 7% interest, 30-year fixed).That’s positive cash flow from day one, with room for increased returns over time!Whether you're looking to expand your portfolio or house-hack by living in one and renting the others, this property checks all the boxes.Prime location with strong rental demand.4 total units: 3 in the triplex + 1 detached home.Consistent rental history with upside potential.Minimal immediate maintenance needed — turnkey ready.Don't miss out on this high-yield investment — opportunities like this are rare! Listing agent is an Oregon Licensed realtor and the Trustee to the property.

Listing Agent

Risa Davis

eXp Realty, LLC Brokerage Phone: 503-358-4311 License #200308111 Listed on: 11/17/2024

eXp Realty, LLC

Co-Listing Agent

Lillie Barr

eXp Realty, LLC Brokerage Phone: 503-358-4311 License #201252433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,630

Year Built

  • Built in 1996

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Schools

  • Clark Elementary School
  • Harrison Park Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R106037

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Montavilla Subdivision

Building Details

  • Operating Expense $37,632
  • Gross Income $101,400
  • Net Operating Income $63,768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,630

Year Built

Built in 1996

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1996
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Storage: Garage
  • Total Bedrooms: 8
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Paved
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Clark
  • High School: Leodis McDaniel
  • Middle Or Junior School: Harrison Park

Lot Info

  • Zoning: R-1
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.0
  • Parcel #: R106037

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 15629.72

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.54
  • Annual Gross Income: 101400.0
  • Property Net Operating Income: 63768.0
  • Annual Operating Expense: 37632.0

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 $15,029 $567,160 $0 $0
2022 $14,704 $550,650 $0 $0
2021 $14,455 $534,620 $0 $0
2020 $13,260 $519,050 $0 $0
2019 $12,773 $503,940 $0 $0
2018 $12,397 $489,270 $0 $0
2017 $11,882 $475,020 $0 $0
2016 $10,874 $461,190 $0 $0
2015 $10,511 $447,760 $0 $0
2014 $10,159 $434,720 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Price Changed $1,068,900 -2.7% --
04/02/2025 04/02/25 Price Changed $1,099,000 -11.3% --
03/26/2025 03/26/25 Price Changed $1,239,000 -4.3% --
11/17/2024 11/17/24 For Sale $1,295,000 +22.6% --
12/15/2021 12/15/21 Sold $1,056,000 0.0% $197 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/15/2021 12/15/21 For Sale $1,056,000 +38.9% $197 / Sq Ft
08/18/2017 08/18/17 Sold $760,000 -2.5% $142 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $779,500 -- $145 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- None Listed On Document
Warranty Deed $1,056,000 First American Title
Bargain Sale Deed -- None Available
Warranty Deed $760,000 Fidelity Natl Title Co Of Or
Interfamily Deed Transfer -- Lawyers Title Of Oregon Llc
Warranty Deed $357,000 First American Title Ins Co
Personal Reps Deed $100,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $787,500 Purchase Money Mortgage
Previous Owner $90,000 Unknown
Previous Owner $570,000 New Conventional
Previous Owner $334,000 New Conventional
Previous Owner $124,184 Credit Line Revolving
Previous Owner $285,600 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24376013

Regional Multiple Listing Service (RMLS)

APN: R106037