$1,400,000
SOLD DEC 23, 2024

2456 SE Tamarack Ave Unit 2460 Portland, OR 97214

Hosford-Abernethy Neighborhood
-- Bed
-- Bath
10,264 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$136 Per Sq Ft

7% Below List Price

55 Days on Market

Highlights

  • 0.24 Acre Lot
  • No HOA
  • Forced Air Heating System
  • Abernethy Elementary School Rated 10
  • Landscaped
  • 5-minute walk to Ladd Circle Park

About This Home

As of December 2024

Discover a rare opportunity to own a piece of history in the charming and walkable Ladd’s Addition neighborhood. This beautifully restored Carpenter Gothic-style church has been meticulously renovated into four unique living units. Offering a perfect blend of historic charm and modern convenience, this is the oldest structure in Ladd’s Addition and is listed on the National Register of Historic Places.Originally built in 1902 as the Mizpah Presbyterian Church and relocated to its current location in 1911, this iconic building features a prominent Basilican bell tower with the original 1888 bell. An addition at the east end was added to the main structure in 1924, and was used for classrooms and meeting rooms. The wood-frame structure showcases mid-1800s design elements, including a prominent entryway staircase, while incorporating modern upgrades that enhance its livability.With very low turnover and strong rental income, this property is an excellent investment. It has been professionally managed and maintained, ensuring peace of mind for the next discerning legacy owner.The recent multi-year renovation project preserved the church’s architectural integrity while integrating essential updates, such as:- Stained glass window restoration (2021-22)- Seismic upgrades for added safety (2016-17)- Exterior paint refresh (2023) & numerous individual unit enhancements. Notable historical features like the 20-foot pews repurposed into railings, staircases, and furniture, add unique character to the living spaces, making this property a true gem in Portland’s rich architectural history. Recorded in the front unit https://www.youtube.com/watch?v=HQyYJhzeDvU&feature=youtu.be

Last Agent to Sell the Property

David Columbus

Living Room Realty License #200008098 Listed on: 09/12/2024

Living Room Realty

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,432

Year Built

  • Built in 1902

Lot Details

  • 10,454 Sq Ft Lot
  • Landscaped

Parking

  • On-Street Parking

Home Design

  • 10,264 Sq Ft Home
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Partially Finished Basement

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R200708

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Ladds Addition Subdivision

Building Details

  • Operating Expense $55,129
  • Gross Income $144,660
  • Net Operating Income $89,531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,432

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1902
  • Property Condition: Restored
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartiallyFinished
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: Sidewalk
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, FrontYardLandscaping
  • Association: No

Schools

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

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454.0
  • Parcel #: R200708

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 20432.34

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.37
  • Annual Gross Income: 144660.0
  • Property Net Operating Income: 89531.0
  • Annual Operating Expense: 55129.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Nov 27, 2024
Sold by
Regis Ross M
Bought by
Holy Owned Llc
Seller's Agent
David Columbus
Living Room Realty
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Views
44
Current Estimated Value
$1,358,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,634
Avg. Annual Appreciation
-5.42%

Purchase Details

Closed on
Mar 5, 1996
Sold by
Mcguinness Mark A
Bought by
Regis Ross M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,400,000 First American Title
Individual Deed $520,000 Fidelity National Title Co
Deed -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 Unknown
Previous Owner $364,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $1,400,000 -6.7% $136 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $1,500,000 -- $146 / 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 $21,249 $794,200 -- --
2023 $20,432 $771,070 $0 $0
2022 $19,990 $748,620 $0 $0
2021 $19,651 $726,820 $0 $0
2020 $18,028 $705,660 $0 $0
2019 $17,365 $685,110 $0 $0
2018 $16,854 $665,160 $0 $0
2017 $16,153 $645,790 $0 $0
2016 $14,783 $626,990 $0 $0
2015 $14,395 $608,730 $0 $0
2014 $14,177 $591,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Columbus

    Seller's Agent in 2024

    David Columbus

    Living Room Realty

    (503) 719-5588

    1 in this area

    64 Total Sales

    David Columbus
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24309638

Regional Multiple Listing Service (RMLS)

APN: R200708

Oregon Multnomah County Portland 97202 Hosford-Abernethy

2456 SE Tamarack Ave Unit 2460, Portland, OR

This home is located at 2456 SE Tamarack Ave Unit 2460, Portland, OR 97214 and is currently priced at $1,400,000, approximately $136 per square foot. This property was built in 1902. 2456 SE Tamarack Ave Unit 2460 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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