$649,900
$110K PRICE DROP

2544 NE Hoyt St Unit 2548 Portland, OR 97232

Kerns Neighborhood

Estimated payment $4,042/month

Total Views 7,965
5 Beds
3 Baths
2,194 Sq Ft
$296 Price per Sq Ft

Highlights

  • Baseboard Heating
  • Green Certified Home
  • 5-minute walk to Oregon Park
  • 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. [Home Energy Score = 3. HES Report at

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

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

Additional Features

  • Green Certified Home
  • 5,227 Sq Ft Lot

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: Yes

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: 14.44
  • Annual Gross Income: 45000.0
  • Property Net Operating Income: 31262.0
  • Annual Operating Expense: 13738.0

Map

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

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
08/26/2025 08/26/25 For Sale $649,900 0.0% $296 / Sq Ft
07/19/2025 07/19/25 Pending -- -- --
06/28/2025 06/28/25 Price Changed $649,900 -7.2% $296 / Sq Ft
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

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 $649,900, approximately $296 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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