NOT LISTED FOR SALE

2316 NE 122nd Ave Portland, OR 97230

Russell Neighborhood

Estimated Value: $364,000 - $525,000

5 Beds
2 Baths
2,359 Sq Ft
$187/Sq Ft Est. Value

Last Sold March 09, 2016

Last sale price $420,000 $178 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,762/month

86 Days on Market

Highlights

  • Paneling
  • 1-Story Property
  • 4-minute walk to Merrifield Park
  • Level Lot

About This Home

As of March 2016

This property features 3 single family homes on one tax lot, fully occupied, 2/3 interiors completely renovated, newer roofs (6yrs, 2yrs, & <1yr). Strong cash flow on actuals w/upside potential. Tenants pay for utilities. Budget in place for upgrading 3BD home. Inspection subject to offer.

Last Agent to Sell the Property

Joseph Chaplik

Joseph Bernard LLC License #200411049 Listed on: 11/16/2015

Last Buyer's Agent

Chris Balmes

Chris Balmes Properties LLC License #1988

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,073

Year Built

  • Built in 1950

Lot Details

  • 0.27

Parking

  • Open Parking

Interior Spaces

  • 1-Story Property
  • Paneling
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,073

Year Built

Built in 1950

Lot Details

0

Parking

6

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2359
  • Stories: 1
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: HAZELWOOD PK, BLOCK 2, LOT 4 EXC PT IN ST

Exterior Features

  • Exterior Description: Panel
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Shingle

Garage/Parking

  • Garage Or Parking Spaces: 6
  • Parking Description: Open

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Condo/Co-op/Association

  • Unit Features: Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer Hookup

Lot Info

  • Lot Description: Level
  • Zoning: R5

Tax Info

  • Tax Amount: 3021.21
  • Assessor Parcel Number: R178143

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 10.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2025
Sold by
Gaspeed Mehri
Bought by
2316 Llc
Current Estimated Value
$441,193

Purchase Details

Closed on
Sep 24, 2018
Sold by
Landis Sid
Bought by
Mehri Caspeed

Purchase Details

Listed on
Nov 16, 2015
Closed on
Mar 8, 2016
Sold by
Finnell Bennie
Bought by
Landis Sid and Gaspeed Mehri
Seller's Agent
Joseph Chaplik
Joseph Bernard LLC
Buyer's Agent
Chris Balmes
Chris Balmes Properties LLC
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.67%

Purchase Details

Closed on
May 4, 2015
Sold by
Shone Steven
Bought by
Finnell Bennie and Finnell Selina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.64%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 17, 2006
Sold by
Shone Steven
Bought by
Shone Steven

Purchase Details

Closed on
May 19, 1998
Sold by
International Church Of The Foursquare G
Bought by
Shone Steven and Mua Long
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2316 Llc -- None Listed On Document
Mehri Caspeed $150,000 None Available
Landis Sid $420,000 Stewart Title
Finnell Bennie $195,000 Stewart Title
Shone Steven -- None Available
Shone Steven $66,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Finnell Bennie $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2016 03/09/16 Sold $420,000 -1.2% $178 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $425,000 -- $180 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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
2024 $5,073 $224,370 -- --
2023 $4,865 $217,840 $0 $0
2022 $4,770 $211,500 $0 $0
2021 $4,689 $205,340 $0 $0
2020 $4,354 $199,360 $0 $0
2019 $4,120 $193,560 $0 $0
2018 $3,980 $187,930 $0 $0
2017 $3,836 $182,460 $0 $0
2016 $3,701 $177,150 $0 $0
2015 $3,021 $143,150 $0 $0
2014 -- $138,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Joseph Chaplik

    Joseph Bernard LLC

  • C

    Buyer's Agent in 2016

    Chris Balmes

    Chris Balmes Properties LLC

    (503) 319-7026

    134 Total Sales

    Chris Balmes
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15145789

Regional Multiple Listing Service (RMLS)

APN: R178143

Oregon Multnomah County Portland 97220 Russell

2316 NE 122nd Ave, Portland, OR

This home is located at 2316 NE 122nd Ave, Portland, OR 97230 since 16 November 2015 and is currently estimated at $441,193, approximately $187 per square foot. This property was built in 1950. 2316 NE 122nd Ave is a home located in Multnomah County with nearby schools including Russell Elementary, Parkrose Middle School, and Parkrose High School.

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