NOT LISTED FOR SALE

2321 SE Sherman St Unit 2325 Portland, OR 97214

Hosford-Abernethy Neighborhood

Estimated Value: $580,000 - $607,000

1 Bed
1 Bath
1,908 Sq Ft
$311/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $440,000 $231 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,659/month

Highlights

  • Washer and Dryer
  • Level Lot
  • 1-Story Property
  • Abernethy Elementary School Rated 10

About This Home

As of June 2021

INVESTMENT OPPORTUNITY in this side by side Duplex in the heart of Colonial Heights/Division Neighborhood. FIXER ready for the triple R's_ REPAIR/RENOVATE/REPLACE. You decide. Mainly just deferred maintenance and needs updating. Each unit is 1/1 with own basement for laundry and storage. With an extra deep generous lot, this could be a contender. Take advantage of the possibilities.

Last Agent to Sell the Property

Sal Koeller

Windermere Realty Trust License #200510397 Listed on: 05/13/2021

Windermere Realty Trust

Last Buyer's Agent

Colson Griffith

Rarebird Real Estate License #201238592

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,146

Year Built

  • Built in 1924

Lot Details

  • Level Lot

Parking

  • Open Parking

Home Design

  • Fixer Upper
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Washer and Dryer

Unfinished Basement

  • Partial Basement
  • Basement Storage

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,146

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1908
  • Stories: 1
  • Year Built: 1924
  • Property Condition: Fixer
  • Remarks Public: INVESTMENT OPPORTUNITY in this side by side Duplex in the heart of Colonial Heights/Division Neighborhood. FIXER ready for the triple R's_ REPAIR/RENOVATE/REPLACE. You decide. Mainly just deferred maintenance and needs updating. Each unit is 1/1 with own basement for laundry and storage. With an extra deep generous lot, this could be a contender. Take advantage of the possibilities.
  • Unreinforced Masonry Building: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: MURRAYMEAD, BLOCK 6, LOT 7
  • Basement: Partial Basement, Unfinished, Storage Space
  • Storage: Basement

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Open

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Security: None

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Washer/Dryer Hookup, Washer/Dryer

Schools

  • Elementary School: Abernethy
  • Middle School: Hosford
  • High School: Cleveland

Lot Info

  • Lot Description: Level
  • Zoning: R5
  • Water Rights Supplement: No

Green Features

  • Green Building Verification Type: Home Energy Score
  • Green Energy Supplement: Yes
  • Green Verification HES Metric: 8
  • Green Verification HES: https://rpt.greenbuildingregistry.com/hes/OR10191169
  • Green Verification HES Year: 2021

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5214.14
  • Assessor Parcel Number: R224405
  • Tax Year: 2020

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 18.63

MLS Schools

  • Elementary School: Abernethy
  • High School: Cleveland
  • Middle School: Hosford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2025
Sold by
Nimble Homes 1 Llc
Bought by
Stapp Joshua
Current Estimated Value
$593,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,920
Outstanding Balance
$466,707
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$126,801

Purchase Details

Closed on
Dec 13, 2021
Sold by
Rarebird Inc
Bought by
Nimble Homes 1 Llc

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 18, 2021
Sold by
Mcleod John H
Bought by
Rarebird Inc
Seller's Agent
Sal Koeller
Windermere Realty Trust
Buyer's Agent
Colson Griffith
Rarebird Real Estate
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 17, 1998
Sold by
Compton William W
Bought by
Mcleod John H
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
Stapp Joshua $603,000 Wfg Title
Amrein Matthew $600,000 Wfg Title
Hurley Brian M $584,900 Wfg Title
Nimble Homes 1 Llc -- None Available
Rarebird Inc $440,000 Wfg Title
Mcleod John H $141,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hurley Brian M $467,920
Closed Stapp Joshua $128,000
Previous Owner Rarebird Inc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2021 06/22/21 Sold $440,000 -7.4% $231 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $475,000 -- $249 / 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 $6,146 -- -- --
2023 $6,146 $223,010 $0 $0
2022 $5,782 $216,520 $0 $0
2021 $5,684 $210,220 $0 $0
2020 $5,214 $204,100 $0 $0
2019 $5,023 $198,160 $0 $0
2018 $4,875 $192,390 $0 $0
2017 $4,672 $186,790 $0 $0
2016 $4,276 $181,350 $0 $0
2015 $4,164 $176,070 $0 $0
2014 $4,101 $170,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sal Koeller

    Seller's Agent in 2021

    Sal Koeller

    Windermere Realty Trust

    (503) 201-2264

    4 in this area

    44 Total Sales

    Sal Koeller
    Section Image

  • C

    Buyer's Agent in 2021

    Colson Griffith

    Rarebird Real Estate

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21285868

Regional Multiple Listing Service (RMLS)

APN: R224405

Oregon Multnomah County Portland 97214 Hosford-Abernethy

2321 SE Sherman St Unit 2325, Portland, OR

This home is located at 2321 SE Sherman St Unit 2325, Portland, OR 97214 since 13 May 2021 and is currently estimated at $593,508, approximately $311 per square foot. This property was built in 1924. 2321 SE Sherman St Unit 2325 is a home located in Multnomah County with nearby schools including Abernethy Elementary School, Hosford Middle School, and Cleveland High School.

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