$1,015,000
SOLD FEB 28, 2025

2609 SE Stark St Unit 2619 Portland, OR 97214

Buckman Neighborhood
-- Bed
-- Bath
3,305 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$307 Per Sq Ft

6% Below List Price

173 Days on Market

Highlights

  • Storage
  • Baseboard Heating
  • Level Lot
  • Sunnyside Environmental School Rated 9+
  • Laundry Facilities
  • Wood Siding

About This Home

As of February 2025

Discover this exceptional 5-plex, ideally situated in a vibrant neighborhood with a walk score of 91 and a bike score of 93, offering unparalleled convenience to restaurants, bars, and local amenities. This sought-after location ensures near-zero vacancy rates and a steady demand for rental units. The roof was professionally replaced in 2021, ensuring durability and minimal maintenance for years to come. With ample room for rental increases, this property offers significant potential for increased revenue. Tenants will enjoy the convenience of a coin-operated laundry facility and ample parking. The building is in excellent condition, ready to provide reliable rental income. Whether you're an experienced investor or looking to diversify your portfolio, this 5-plex represents a fantastic opportunity in a highly desirable location. Don’t miss out on this rare find!

Last Agent to Sell the Property

Benjamin Droukas

Windermere Realty Trust License #200401007 Listed on: 08/09/2024

Windermere Realty Trust

Last Buyer's Agent

David Columbus

Living Room Realty License #200008098

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,816

Year Built

  • Built in 1968

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,305 Sq Ft Home
  • 2-Story Property
  • Storage

Parking

  • 5 Parking Spaces
  • Driveway
  • Paved Parking

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R244736

Community Details

Overview

  • 5 Units
  • Buckman Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $23,794
  • Gross Income $79,800
  • Net Operating Income $53,612

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,816

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1968
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 1015000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Paved
  • Attached Garage: No
  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.12
  • Lot Size: 50x100
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R244736

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 8816.14

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 13.47
  • Annual Gross Income: 79800.0
  • Property Net Operating Income: 53612.0
  • Annual Operating Expense: 23794.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $1,015,000 -5.6% $307 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
08/09/2024 08/09/24 For Sale $1,075,000 -- $325 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benjamin Droukas

    Seller's Agent in 2025

    Benjamin Droukas

    Windermere Realty Trust

    (503) 522-4645

    2 in this area

    107 Total Sales

    Benjamin Droukas
    Section Image
  • David Columbus

    Buyer's Agent in 2025

    David Columbus

    Living Room Realty

    (503) 719-5588

    1 in this area

    62 Total Sales

    David Columbus
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24684097

Regional Multiple Listing Service (RMLS)

APN: 1N1E36CC 10400

Oregon Multnomah County Portland 97214 Buckman

2609 SE Stark St Unit 2619, Portland, OR

Sold

MultiFamily

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