NOT LISTED FOR SALE

2474 NW Marshall St Portland, OR 97210

Northwest District Neighborhood

Estimated Value: $1,202,000 - $1,284,000

6 Beds
3 Baths
5,008 Sq Ft
$247/Sq Ft Est. Value

Last Sold August 13, 2024

Last sale price $1,250,000 $250 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,940/month

30 Days on Market

Highlights

  • Landscaped
  • 4-minute walk to Nw 23Rd & Marshall
  • Controlled Entrance
  • West Sylvan Middle School Rated A-
  • Forced Air Heating System
  • 4-minute walk to Wallace Park

About This Home

As of August 2024

Around every corner there is something that makes this property a notch above its competitors. Whether you're an investor or owner occupant this is the perfect investment for you to see a return on your dollar. Each unit is distinct in its character with large windows and french doors allowing nature to step inside. All have two decks overlooking the lush green lawns and trees that surround the property, top units have some views. To further its appeal it lives in one of Portlands finest neighborhoods. Each unit is around 1200 sq.ft. with wood floors, updated kitchens and baths and yes, even your own laundry facilities. There is so much more to be said about this building and the care it has been given, but will conclude with " it meshed the old with the new to perfection. It is an appointment only property with one unit being held vacant for showings. We ask that you respect the tenants that are living there by not disturbing them. Only an accepted offer will allow entry into the other two units. this is where old meets new at it best.

Last Agent to Sell the Property

Rick Cravens

Windermere Realty Trust Brokerage Phone: 503-804-2441 License #780700264 Listed on: 06/17/2024

Windermere Realty Trust

Last Buyer's Agent

Chelsea Miller

eXp Realty LLC License #201216607

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,121

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Landscaped

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,008 Sq Ft Home
  • 3-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • On-Street Parking
  • Controlled Entrance

Schools

  • Chapman Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R171491

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $26,247
  • Gross Income $94,716
  • Net Operating Income $68,469

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,121

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1900
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, Unfinished
  • Storage: Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Other
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Security: Entry
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, FrontYardLandscaping

Schools

  • Elementary School: Chapman
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R171491

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 14121.36
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.78
  • Annual Gross Income: 94716.0
  • Property Net Operating Income: 68469.0
  • Annual Operating Expense: 26247.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Jul 19, 2024
Sold by
Lanham Family Trust and Lanham Richard
Bought by
Labeja Kenneth and Labeja Susan
Seller's Agent
Rick Cravens
Windermere Realty Trust
Buyer's Agent
Chelsea Miller
eXp Realty LLC
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%
Views
6
Current Estimated Value
$1,235,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,894
Avg. Annual Appreciation
-1.14%
Original Mortgage
$937,500
Outstanding Balance
$927,717
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$307,389

Purchase Details

Closed on
Aug 6, 2018
Sold by
Strasburg Anne
Bought by
Lanham Richard and Strasburg Anne Hayward

Purchase Details

Closed on
May 27, 2016
Sold by
Stafford Walter V
Bought by
Strasburg Anne
Source: Public Records

Range of Values:

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Average Value
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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
Labeja Kenneth $1,250,000 First American Title
Lanham Richard -- None Available
Strasburg Anne -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labeja Kenneth $937,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 Sold $1,250,000 -10.7% $250 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $1,400,000 +12.0% $280 / Sq Ft
06/18/2024 06/18/24 Off Market $1,250,000 -- --
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 $14,686 $549,410 -- --
2023 $14,121 $533,410 $0 $0
2022 $13,816 $517,880 $0 $0
2021 $13,582 $502,800 $0 $0
2020 $12,459 $488,160 $0 $0
2019 $12,001 $473,950 $0 $0
2018 $11,648 $460,150 $0 $0
2017 $11,163 $446,750 $0 $0
2016 $10,216 $433,740 $0 $0
2015 $9,948 $421,110 $0 $0
2014 $9,798 $408,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Cravens

    Seller's Agent in 2024

    Rick Cravens

    Windermere Realty Trust

    (503) 804-2441

    1 in this area

    39 Total Sales

    Rick Cravens
    Section Image

  • C

    Buyer's Agent in 2024

    Chelsea Miller

    eXp Realty LLC

    (888) 814-9613

    2 in this area

    24 Total Sales

    Chelsea Miller
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24436898

Regional Multiple Listing Service (RMLS)

APN: R171491

Oregon Multnomah County Portland 97210 Northwest District

2474 NW Marshall St, Portland, OR

This home is located at 2474 NW Marshall St, Portland, OR 97210 since 17 June 2024 and is currently estimated at $1,235,106, approximately $246 per square foot. This property was built in 1900. 2474 NW Marshall St is a home located in Multnomah County with nearby schools including Chapman Elementary School, West Sylvan Middle School, and Lincoln High School.

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