2507 E Burnside St Portland, OR 97214
Kerns NeighborhoodEstimated payment $6,016/month
Highlights
- City View
- No HOA
- Property is near a bus stop
- Cleveland High School Rated A-
- Zoned Heating
- Level Lot
About This Home
A rare chance to secure a well-kept triplex in the heart of Laurelhurst. Two townhouse-style units sit at the front of the property, while the rear unit offers convenient single-level living with its own private deck. One unit is currently vacant, giving a buyer the option to live on-site and reduce ownership costs or lease it out to maximize returns. Each unit includes dedicated covered parking beneath the building, providing dependable off-street space. The exterior was repainted in 2021 and the interiors have been refreshed with updated finishes. New roof in 2023. All appliances stay, including washers and dryers. Durable wood-style flooring adds a clean, modern feel throughout. The location is hard to beat, with popular dining, shopping, and daily conveniences just steps away. Walk Score 97, Bike Score 100.
Listing Agent
Northwest Realty Source Brokerage Email: info@nwrealtysource.com License #200104205 Listed on: 12/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,770
Year Built
- Built in 2004 | Remodeled
Lot Details
- 4,356 Sq Ft Lot
- Level Lot
Property Views
- City
- Woods
Home Design
- Composition Roof
- Lap Siding
- Cement Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,756 Sq Ft Home
- 2-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 3 Parking Spaces
- Carport
- Assigned Parking
Location
- Property is near a bus stop
Schools
- Buckman Elementary School
- Hosford Middle School
- Cleveland High School
Utilities
- No Cooling
- Zoned Heating
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R158630
Community Details
Overview
- No Home Owners Association
- 3 Units
- Laurelhurst Subdivision
Building Details
- Operating Expense $13,773
- Gross Income $71,076
- Net Operating Income $57,304
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $9,770 | $362,580 | -- | -- |
| 2024 | $9,418 | $352,020 | -- | -- |
| 2023 | $9,056 | $341,770 | $0 | $0 |
| 2022 | $8,860 | $331,820 | $0 | $0 |
| 2021 | $8,710 | $322,160 | $0 | $0 |
| 2020 | $7,991 | $312,780 | $0 | $0 |
| 2019 | $7,697 | $303,670 | $0 | $0 |
| 2018 | $7,470 | $294,830 | $0 | $0 |
| 2017 | $7,160 | $286,250 | $0 | $0 |
| 2016 | $6,553 | $277,920 | $0 | $0 |
| 2015 | $6,381 | $269,830 | $0 | $0 |
| 2014 | $6,285 | $261,980 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2025 12/10/25 | For Sale | $989,000 | -- | $359 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $420,000 | Chicago Title Insurance Comp | |
| Warranty Deed | $55,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $315,000 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 396251395
APN: R158630
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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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