$1,300,000
$200K PRICE DROP

2536 NE Hoyt St Unit 2540 Portland, OR 97232

Kerns Neighborhood

Estimated payment $7,774/month

Total Views 5,170
8 Beds
5 Baths
4,388 Sq Ft
$296 Price per Sq Ft

Highlights

  • 0.24 Acre Lot
  • No Heating
  • 1-Story Property
  • Cleveland High School Rated A-

About This Home

Check out the location! Two triplexes side by side on two separate tax lots being sold together. Great close-in location with walkability drives consistent interest. Great income with historically longterm tenants. Low rents on most units offers great potential for increase income and upside. 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

  • 10,454 Sq Ft Lot

Home Design

  • Wood Composite

Interior Spaces

  • 4,388 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Schools

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

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number R208176, R208175

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $26,753
  • Gross Income $99,900
  • Net Operating Income $73,147

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: 8
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodComposite
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No

Garage/Parking

  • Attached Garage: No

Utilities

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

Schools

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

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454.0
  • Parcel #: R208176, R208175

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6963.1

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 13.01
  • Annual Gross Income: 99900.0
  • Property Net Operating Income: 73147.0
  • Annual Operating Expense: 26753.0

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
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
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: 618881402

Regional Multiple Listing Service (RMLS)

APN: R208176