$700,000
$60K PRICE DROP

2544 NE Hoyt St Unit 2548 Portland, OR 97232

Kerns Neighborhood

Estimated payment $4,491/month

Total Views 5,634
5 Beds
3 Baths
2,194 Sq Ft
$319 Price per Sq Ft

Highlights

  • Baseboard Heating
  • 1-Story Property
  • 5-minute walk to Oregon Park
  • Cleveland High School Rated A-

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.

Last Listed By

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

  • Membrane Roofing
  • Cement Siding
  • Concrete Perimeter Foundation

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
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number R208175

Community Details

Overview

  • 3 Units
  • Kerns Subdivision

Building Details

  • Operating Expense $13,738
  • Gross Income $45,000
  • Net Operating Income $31,262

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: CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Roof: Membrane

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • 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 #: 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
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 15.56
  • Annual Gross Income: 45000.0
  • Property Net Operating Income: 31262.0
  • Annual Operating Expense: 13738.0

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
04/29/2025 04/29/25 Price Changed $700,000 -7.9% $319 / Sq Ft
04/08/2025 04/08/25 For Sale $760,000 -- $346 / 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: 273639686

Regional Multiple Listing Service (RMLS)

APN: R208175

Oregon Multnomah County Portland 97232 Kerns

2544 NE Hoyt St Unit 2548, Portland, OR

This home is located at 2544 NE Hoyt St Unit 2548, Portland, OR 97232 and is currently priced at $700,000, approximately $319 per square foot. This property was built in 1959. 2544 NE Hoyt St Unit 2548 is a home located in Multnomah County with nearby schools including Buckman Elementary School, Hosford Middle School, and Cleveland High School.

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Chris Suarez
Listing Agent
Chris Suarez
Section Image
Keller Williams Sunset Corridor
(971) 405-7974