$485,000
PENDING

Estimated payment $3,040/month

Total Views 4,349
5 Beds
2 Baths
1,842 Sq Ft
$263 Price per Sq Ft

Highlights

  • Forced Air Zoned Heating System
  • 1 Car Garage
  • Level Lot

About This Home

Great income producing duplex or live in one unit while offsetting your mortgage with income. Conveniently located in a charming, established SE Portland neighborhood! The main level is 1032sqft with three bedrooms and one bathroom, beautifully refinished hardwood floors and a new slider that opens to a covered patio. The kitchen is fully equipped and opens to a spacious dining area with built-in cabinetry and a see through fireplace that connects to the inviting living room. The adorable 810sqft lower unit has its own private entrance and the unit is tenant occupied offering immediate rental income. It includes two bedrooms, a bathroom, kitchen, and a family room. Don’t miss the 11x14 outbuilding, equipped with a cadet heater, making it perfect as a shop, storage, etc. Conveniently located with quick access to freeways, shopping and bus lines, this is an excellent opportunity for an owner occupant purchaser or investor!

Listing Agent

John McKay

Premiere Property Group, LLC License #201207149 Listed on: 05/06/2025

Premiere Property Group, LLC

Co-Listing Agent

Renee King

Premiere Property Group, LLC License #200411045

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,237

Year Built

  • Built in 1958

Lot Details

  • 6,969 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,842 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Security Lights

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Schools

  • Patrick Lynch Elementary School
  • Oliver Middle School
  • Centennial High School

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number R164091

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,551
  • Gross Income $39,240
  • Net Operating Income $30,688

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,237

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1958
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Garage
  • Total Bedrooms: 5
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 1.0

Utilities

  • Fuel Description: Electricity,Gas
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: ForcedAir, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Patrick Lynch
  • High School: Centennial
  • Middle Or Junior School: Oliver

Lot Info

  • Zoning: LDR
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R164091

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Gas, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4237.23

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.36
  • Annual Gross Income: 39240.0
  • Property Net Operating Income: 30688.0
  • Annual Operating Expense: 8551.0

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

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 $4,237 $220,210 $0 $0
2022 $3,674 $213,800 $0 $0
2021 $3,688 $207,580 $0 $0
2020 $3,396 $201,540 $0 $0
2019 $3,313 $195,670 $0 $0
2018 $3,178 $189,980 $0 $0
2017 $3,071 $184,450 $0 $0
2016 $2,981 $179,080 $0 $0
2015 $2,902 $173,870 $0 $0
2014 $2,832 $168,810 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Pending -- -- --
07/08/2025 07/08/25 For Sale $485,000 0.0% $263 / Sq Ft
06/27/2025 06/27/25 Pending -- -- --
06/23/2025 06/23/25 For Sale $485,000 0.0% $263 / Sq Ft
05/18/2025 05/18/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $485,000 -- $263 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American
Interfamily Deed Transfer -- First American
Interfamily Deed Transfer -- None Available
Warranty Deed $128,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $171,500 New Conventional
Previous Owner $115,200 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 595274098

Regional Multiple Listing Service (RMLS)

APN: R164091