$780,000
SOLD JAN 7, 2025
-- Bed
-- Bath
4,885 Sq Ft
0.35 Acres

Recently Sold

$160 Per Sq Ft

1% Above List Price

5 Days on Market

Highlights

  • Popular Property
  • Green Certified Home
  • Level Lot
  • Forced Air Heating System
  • Garage
  • Wood Siding

About This Home

As of January 2025

Discover an exceptional investment opportunity in SE Portland, featuring two duplexes and a charming 1960s single-family home, all situated on a single tax lot. The single-family home is brimming with potential and awaits your creative vision and a bit of TLC. With four bedrooms and one and a half bathrooms, this spacious residence boasts vaulted ceilings, a generous layout, and a backyard space. Additionally, the property includes a large side area for parking, providing convenience for residents and guests alike. With the right updates, it can provide substantial rental income or serve as a fantastic owner-occupied option. Both duplexes built in 2006 have been tastefully remodeled. Designed to attract quality tenants and generate reliable income streams. Each duplex offers two bedrooms and one bathroom, along with the added benefit of a garage for parking and storage. This unique property presents a fantastic opportunity for investors or those looking to occupy one unit while renting out the others. Don’t miss your chance to own this versatile and promising investment in vibrant SE Portland! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10234564]

Last Agent to Sell the Property

Amy Cerruti

Real Broker Brokerage Phone: License #201209300 Listed on: 11/29/2024

Real Broker

Last Buyer's Agent

Jeremy Wilkerson

MORE Realty License #201211950

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,396

Year Built

  • Built in 2006

Lot Details

  • 0.35 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,885 Sq Ft Home
  • 2-Story Property

Parking

  • Garage
  • Driveway

Eco-Friendly Details

  • Green Certified Home

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R334238

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $26,412
  • Gross Income $59,525
  • Net Operating Income $33,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,396

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2006
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other
  • Storage: Garage
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Gravel
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246.0
  • Parcel #: R334238

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 13396.15

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 13.02
  • Annual Gross Income: 59525.0
  • Property Net Operating Income: 33112.0
  • Annual Operating Expense: 26412.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2024
Closed on
Jan 6, 2025
Sold by
Mowlds Ronald C and Mowlds Daralee
Bought by
J Wilkerson Llc
Seller's Agent
Amy Cerruti
Real Broker
Buyer's Agent
Jeremy Wilkerson
MORE Realty
List Price
$775,000
Sold Price
$780,000
Premium/Discount to List
$5,000
0.65%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.54%
Original Mortgage
$657,240
Outstanding Balance
$334,223
Interest Rate
6.84%
Mortgage Type
Construction
Estimated Equity
$443,465

Purchase Details

Closed on
Jun 28, 2004
Sold by
Dream Enterprises Inc Of Oregon
Bought by
Oman Eric S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 24, 2004
Sold by
Volunteers Of America Oregon Inc
Bought by
Dream Enterprises Inc Of Oregon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 24, 2004
Sold by
Volunteers Of America Of Oregon Inc
Bought by
Dream Enterprises Inc Of Oregon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $780,000 First American Title
Warranty Deed $780,000 First American Title
Bargain Sale Deed -- --
Special Warranty Deed $100,000 --
Contract Of Sale $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $657,240 Construction
Closed $657,240 Construction
Previous Owner $30,000 Stand Alone Second
Previous Owner $318,750 Credit Line Revolving
Previous Owner $90,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2025 07/20/25 Price Changed $449,895 0.0% $286 / Sq Ft
07/17/2025 07/17/25 For Sale $449,900 -42.3% $286 / Sq Ft
01/07/2025 01/07/25 Sold $780,000 +0.6% $160 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
11/29/2024 11/29/24 For Sale $775,000 -- $159 / 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
2023 $14,005 $569,960 $0 $0
2022 $12,698 $553,360 $0 $0
2021 $12,489 $537,250 $0 $0
2020 $11,314 $521,610 $0 $0
2019 $10,954 $506,420 $0 $0
2018 $10,617 $491,670 $0 $0
2017 $9,641 $477,350 $0 $0
2016 $8,920 $463,450 $0 $0
2015 $8,426 $449,960 $0 $0
2014 $8,034 $436,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24615806

Regional Multiple Listing Service (RMLS)

APN: R334238