NOT LISTED FOR SALE

2322 SE 121st Ave Unit 2324 Portland, OR 97216

Mill Park Neighborhood

Estimated Value: $339,000 - $399,461

4 Beds
2 Baths
1,520 Sq Ft
$244/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $300,000 $197 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,387/month

207 Days on Market

Highlights

  • Territorial View
  • Forced Air Heating System
  • 1-Story Property
  • Window Unit Cooling System
  • Level Lot

About This Home

As of September 2022

Value add fixer duplex on a oversize lot in SE Portland. The property consists of two 2 Bed / 1 bath units. Both have been updated on the interiors and have consistent tenant history. Situated on an .18 acre lot with RM2 zoning. This allows for medium density residential and has the potential to build additional units in the large backyards. Property to be sold as-is, seller to do no repairs.

Last Listed By

Nick Krautter

City and State Real Estate License #200601292 Listed on: 01/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,267

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Territorial Views
  • Crawl Space

Schools

  • Mill Park Elementary School
  • Floyd Light Middle School
  • David Douglas High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R145717

Community Details

Overview

  • 2 Units
  • Mill Park Subdivision

Building Details

  • Operating Expense $9,267
  • Gross Income $27,360
  • Net Operating Income $18,093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,267

Year Built

Built in 1953 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1953
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: None
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Mill Park
  • High School: David Douglas
  • Middle Or Junior School: Floyd Light

Lot Info

  • Zoning: RM2
  • Parcel #: R145717

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 3267.18

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.51
  • Annual Gross Income: 27360.0
  • Property Net Operating Income: 18093.0
  • Annual Operating Expense: 9267.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Sep 16, 2022
Sold by
Cs2 Lunar Enterprises Llc
Bought by
Romanyuk Vitally
Seller's Agent
Nick Krautter
City and State Real Estate
Buyer's Agent
Richard Brazovan
MORE Realty
List Price
$320,000
Sold Price
$300,000
Premium/Discount to List
-$20,000
-6.25%
Total Days on Market
207
Current Estimated Value
$370,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,615
Avg. Annual Appreciation
10.38%
Original Mortgage
$225,000
Outstanding Balance
$217,278
Interest Rate
4.99%
Mortgage Type
Balloon
Estimated Equity
$173,211

Purchase Details

Closed on
Jan 21, 2016
Sold by
Cs2 Lunar Enterprises Llc
Bought by
Cs2 Lunar Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,800
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 21, 2011
Sold by
Perkins Michael
Bought by
Stickney Robert and Stickney Jeanene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2002
Sold by
Carriker Lawrence L
Bought by
Perkins Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

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
Romanyuk Vitally $300,000 --
Cs2 Lunar Enterprises Llc -- --
Cs2 Lunar Enterprises Llc -- Fidelity National Title
Cs2 Lunar Enterprises Llc 121St Separate -- Fidelity Natl Title Co Of Or
Stickney Robert $152,000 Fidelity Natl Title Co Of Or
Perkins Michael $135,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romanyuk Vitally $225,000
Previous Owner Cs2 Lunar Enterprises Llc 121St Separate $130,800
Previous Owner Stickney Robert $114,000
Previous Owner Perkins Michael $144,900
Previous Owner Perkins Michael $142,000
Previous Owner Perkins Michael $139,000
Previous Owner Perkins Michael $108,000
Closed Perkins Michael $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $300,000 -4.8% $197 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/15/2022 08/15/22 Price Changed $315,000 -1.6% $207 / Sq Ft
08/05/2022 08/05/22 Price Changed $320,000 0.0% $211 / Sq Ft
08/05/2022 08/05/22 For Sale $320,000 -4.5% $211 / Sq Ft
07/24/2022 07/24/22 Pending -- -- --
07/18/2022 07/18/22 Price Changed $335,000 -4.0% $220 / Sq Ft
06/16/2022 06/16/22 Price Changed $349,000 0.0% $230 / Sq Ft
06/16/2022 06/16/22 For Sale $349,000 -5.4% $230 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
03/21/2022 03/21/22 Price Changed $369,000 -1.6% $243 / Sq Ft
03/07/2022 03/07/22 For Sale $374,900 0.0% $247 / Sq Ft
03/06/2022 03/06/22 Price Changed $374,900 -2.6% $247 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $385,000 0.0% $253 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/17/2022 02/17/22 Price Changed $385,000 -3.5% $253 / Sq Ft
01/27/2022 01/27/22 For Sale $399,000 +87.1% $263 / Sq Ft
06/23/2015 06/23/15 Sold $213,300 -0.7% $140 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $214,800 -- $141 / 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
2023 $3,868 $164,570 $0 $0
2022 $3,667 $159,780 $0 $0
2021 $3,606 $155,130 $0 $0
2020 $3,267 $150,620 $0 $0
2019 $3,163 $146,240 $0 $0
2018 $3,066 $141,990 $0 $0
2017 $2,953 $137,860 $0 $0
2016 $2,875 $133,850 $0 $0
2015 $2,807 $129,960 $0 $0
2014 $2,731 $126,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nick Krautter

    Seller's Agent in 2022

    Nick Krautter

    City and State Real Estate

    (503) 901-8100

    Section Image
  • Jordan Fezler

    Seller Co-Listing Agent in 2022

    Jordan Fezler

    Apex Residential

    (503) 309-6003

    1 in this area

    61 Total Sales

    Jordan Fezler
    Section Image
  • Richard Brazovan

    Buyer's Agent in 2022

    Richard Brazovan

    MORE Realty

    (503) 353-6673

    1 in this area

    37 Total Sales

    Richard Brazovan
    Section Image
  • Guy Cameron

    Seller's Agent in 2015

    Guy Cameron

    Premiere Property Group, LLC

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22309308

Regional Multiple Listing Service (RMLS)

APN: R145717

Oregon Multnomah County Portland 97216 Mill Park

2322 SE 121st Ave Unit 2324, Portland, OR

Homes for Sale in Portland, OR

This home is located at 2322 SE 121st Ave Unit 2324, Portland, OR 97216 since 28 January 2022 and is currently estimated at $370,615, approximately $243 per square foot. This property was built in 1953. 2322 SE 121st Ave Unit 2324 is a home located in Multnomah County with nearby schools including Mill Park Elementary School, Floyd Light Middle School, and David Douglas High School.

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Regional Multiple Listing Service (RMLS) 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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