$649,900
$110K PRICE DROP

2536 NE Hoyt St Unit 2540 Portland, OR 97232

Kerns Neighborhood

Estimated payment $4,114/month

Total Views 8,928
5 Beds
3 Baths
2,194 Sq Ft
$296 Price per Sq Ft

Highlights

  • Radiant Heating System
  • Cleveland High School Rated A-
  • 1-Story Property

About This Home

Check out the location of this triplex with incredible upside for your next investor. Great close-in location with walkability drives consistent interest. Great income with historically longterm tenants. This triplex can be purchased with the identical triplex right next door - both on separate tax lots - for a total of 6 units. Both off street and on street parking. Some recent updates in the kitchen with newer appliances.

Listing Agent

Chris Suarez

Keller Williams Sunset Corridor Brokerage Phone: 503-890-6527 License #200108016 Listed on: 04/08/2025

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,963

Year Built

  • Built in 1959

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Built-Up Roof
  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 2,194 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Driveway
  • On-Street Parking

Schools

  • Buckman Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number R208176

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $13,015
  • Gross Income $40,200
  • Net Operating Income $27,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,963

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1959
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodComposite
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Roof: BuiltUp

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: Radiant, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R208176

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 6963.1

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 16.17
  • Annual Gross Income: 40200.0
  • Property Net Operating Income: 27185.0
  • Annual Operating Expense: 13015.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,963 $260,250 -- --
2023 $6,963 $252,670 $0 $0
2022 $6,551 $245,320 $0 $0
2021 $6,440 $238,180 $0 $0
2020 $5,908 $231,250 $0 $0
2019 $5,691 $224,520 $0 $0
2018 $5,523 $217,990 $0 $0
2017 $5,294 $211,650 $0 $0
2016 $4,845 $205,490 $0 $0
2015 $4,718 $199,510 $0 $0
2014 $4,647 $193,700 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 For Sale $1,300,000 0.0% $296 / Sq Ft
08/15/2025 08/15/25 Off Market $1,300,000 -- --
06/28/2025 06/28/25 Price Changed $649,900 -50.0% $296 / Sq Ft
06/28/2025 06/28/25 Price Changed $1,300,000 +85.7% $296 / Sq Ft
04/29/2025 04/29/25 Price Changed $700,000 -50.0% $319 / Sq Ft
04/29/2025 04/29/25 Price Changed $1,400,000 +84.2% $319 / Sq Ft
04/08/2025 04/08/25 For Sale $760,000 -49.3% $346 / Sq Ft
04/08/2025 04/08/25 For Sale $1,500,000 -- $342 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 531461801

Regional Multiple Listing Service (RMLS)

APN: R208176