NOT LISTED FOR SALE

2507 SE 130th Ave Unit 2511 Portland, OR 97236

Powellhurst-Gilbert Neighborhood

Estimated Value: $618,000 - $655,000

6 Beds
6 Baths
3,024 Sq Ft
$210/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $586,000 $194 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,997/month

1 Day on Market

Highlights

  • Corner Lot
  • Guest Parking
  • Baseboard Heating
  • Cooling Available
  • Property is near a bus stop
  • 6 Car Garage

About This Home

As of July 2023

Incredible investment opportunity! Well maintained triplex with the potential to add one more unit (buyers to do their due diligence). Units have all appliances including diswashers, washer/dryer hook ups (two units have washer/dryer included) and each has a private, fenced outdoor area. Plus there is a large communal outdoor area with tons of potential (identical neighboring property added an extra unit in the communal space). Each unit has its own garage plus the complex has a total of 6 parking spaces so there's no lack of storage or parking. Newer roof (2013). Close to shopping, restaurants, transit and Kelly Butte natural area. 9.9 % rent increase notices are going out on July 1st and will take effect November 1st. Great for investment or owner occupied.

Last Agent to Sell the Property

Paul Pattyn

Portland's Alternative Inc., Realtors License #201226694 Listed on: 06/13/2023

Last Buyer's Agent

Trevor Scharer

Tradition Real Estate Partners LLC License #201107050

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,891

Year Built

  • Built in 1996

Lot Details

  • 8,973

Parking

  • 6 Car Garage
  • Guest Parking

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,024 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Lincoln Park Elementary School
  • Ron Russell Middle School
  • David Douglas High School

Utilities

  • Cooling Available
  • Vented Exhaust Fan
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Corner Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R238727

Community Details

Building Details

  • Operating Expense $16,624
  • Gross Income $45,120
  • Net Operating Income $35,400

Additional Features

  • 3 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,891

Year Built

Built in 1996

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1996
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Guest
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,Wireless
  • Cooling: ExhaustFan
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Lincoln Park
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell

Lot Info

  • Zoning: RM1
  • Parcel #: R238727

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6891.09

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.37
  • Annual Gross Income: 45120.0
  • Property Net Operating Income: 35400.0
  • Annual Operating Expense: 16624.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Jun 16, 2023
Sold by
Moss Paul E and Moss Kathleen P
Bought by
Singh Ravinder and Kaur Sarabjit
Seller's Agent
Paul Pattyn
Portland's Alternative Inc., Realtors
Buyer's Agent
Trevor Scharer
Tradition Real Estate Partners LLC
List Price
$558,000
Sold Price
$586,000
Premium/Discount to List
$28,000
5.02%
Views
54
Current Estimated Value
$634,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,554
Avg. Annual Appreciation
2.91%
Original Mortgage
$436,000
Outstanding Balance
$425,599
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$198,706

Purchase Details

Closed on
Jun 11, 2020
Sold by
Moss Paul E and Moss Kathleen P
Bought by
Tri County Metropolitan Trans Dist Of Or

Purchase Details

Listed on
Feb 26, 2013
Closed on
Mar 27, 2013
Sold by
Purdy Allen
Bought by
Moss Paul E and Moss Kathleen P
Seller's Agent
Andrew Berlinberg
Keller Williams Realty Professionals
Buyer's Agent
Daniel Goss
Century 21 North Homes Realty
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$225,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2005
Sold by
Espenel Bryan
Bought by
Purdy Allen and Purdy Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 26, 2003
Sold by
Espenel Bryan
Bought by
Espenel Bryan and Espenel Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,129
Interest Rate
5.81%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2001
Sold by
Lahti Michael E
Bought by
Espenel Bryan and Espenel Jaime A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,114
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 1995
Sold by
Fogarty Patrick M
Bought by
Lahti Michael E and M E L Construction Co
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
Singh Ravinder $586,000 First American Title
Tri County Metropolitan Trans Dist Of Or $1,298 First American
Moss Paul E $300,000 Fidelity Natl Title Co Of Or
Purdy Allen $390,000 Ticor Title Insurance Compan
Espenel Bryan -- Pacific Nw Title
Espenel Bryan $261,800 First American Title Co
Lahti Michael E $35,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Ravinder $436,000
Previous Owner Moss Paul E $225,000
Previous Owner Purdy Allen $312,000
Previous Owner Espenel Bryan $259,129
Previous Owner Espenel Bryan $258,114
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $586,000 +5.0% $194 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $558,000 +86.0% $185 / Sq Ft
03/29/2013 03/29/13 Sold $300,000 +0.3% $99 / Sq Ft
02/27/2013 02/27/13 Pending -- -- --
02/26/2013 02/26/13 For Sale $299,000 -- $99 / 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 $7,600 $318,570 -- --
2023 $7,270 $309,300 $0 $0
2022 $6,891 $300,300 $0 $0
2021 $6,778 $291,560 $0 $0
2020 $6,140 $283,070 $0 $0
2019 $5,945 $274,830 $0 $0
2018 $5,762 $266,830 $0 $0
2017 $5,549 $259,060 $0 $0
2016 $5,403 $251,520 $0 $0
2015 $4,989 $244,200 $0 $0
2014 $4,719 $237,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Paul Pattyn

    Portland's Alternative Inc., Realtors

    (503) 516-2616

    2 in this area

    22 Total Sales

    Paul Pattyn
    Section Image
  • Trevor Scharer

    Buyer's Agent in 2023

    Trevor Scharer

    Tradition Real Estate Partners LLC

    (503) 881-3455

    1 in this area

    149 Total Sales

    Trevor Scharer
    Section Image
  • Andrew Berlinberg

    Seller's Agent in 2013

    Andrew Berlinberg

    Keller Williams Realty Professionals

    (503) 780-5625

    225 Total Sales

    Andrew Berlinberg
    Section Image

  • D

    Buyer's Agent in 2013

    Daniel Goss

    Century 21 North Homes Realty

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23149988

Regional Multiple Listing Service (RMLS)

APN: R238727

Oregon Multnomah County Portland 97233 Powellhurst-Gilbert

2507 SE 130th Ave Unit 2511, Portland, OR

This home is located at 2507 SE 130th Ave Unit 2511, Portland, OR 97236 since 13 June 2023 and is currently estimated at $634,554, approximately $209 per square foot. This property was built in 1996. 2507 SE 130th Ave Unit 2511 is a home located in Multnomah County with nearby schools including Lincoln Park Elementary School, Ron Russell Middle School, and David Douglas High School.

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