2309 SE 90th Ave Portland, OR 97216
Montavilla NeighborhoodEstimated payment $6,947/month
Highlights
- 0.34 Acre Lot
- No HOA
- 4 Car Garage
- Harrison Park School Rated 9+
- Forced Air Heating System
- Level Lot
About This Home
CASH FLOWING INVESTMENT. A House plus Tri-pLex. Say no more. Turnkey 4-Unit Investment Opportunity – Cash Flow from Day One! 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
eXp Realty, LLC Brokerage Phone: 503-358-4311 License #200308111 Listed on: 11/17/2024
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $15,630 | $584,170 | -- | -- |
| 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 |
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 |
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 |
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: Regional Multiple Listing Service (RMLS)
MLS Number: 24376013
APN: R106037
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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