NOT LISTED FOR SALE

2630 SE 136th Ave Unit 2662 Portland, OR 97236

Powellhurst-Gilbert Neighborhood

Estimated Value: $1,501,500

20 Beds
18 Baths
1,753 Sq Ft
$857/Sq Ft Est. Value

Last Sold June 26, 2023

Last sale price $2,340,000 $1,335 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $10,257/month

88 Days on Market

Highlights

  • Corner Lot
  • Heating unit installed on the ceiling
  • Laundry Facilities
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of June 2023

1&2-story with 18 units located in 5 bldgs. 3 duplexes, 1 four-plex and 8-unit apartment building. Includes 115 sq foot laundry room. Located close to major arterials & public transportation. Good parking ration. Some single-level units.On-site improvements include curbing, fencing, and walkways. Gross Building Area= 15,526 SF. Net Rentable Area=15,416 SF. Parking ration 1.5 spaces/unit. Tons of potential!

Last Agent to Sell the Property

Jessica McCollum

Kelly Right Real Estate of Portland, LLC License #201216911 Listed on: 12/16/2022

Kelly Right Real Estate of Portland, LLC

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,569

Year Built

  • Built in 1973

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 29 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2-Story Property

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R334244

Community Details

Overview

  • 18 Units
  • Powellhurst Gilbert Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $65,813
  • Gross Income $196,510
  • Net Operating Income $130,697

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,569

Year Built

Built in 1973

Lot Details

0

Parking

29

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1973
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: Brick,Cedar
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 29.0
  • Total Parking Spaces: 29.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Ceiling
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

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

Lot Info

  • Zoning: RM1
  • Parcel #: R334244

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 24568.96

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 18
  • Gross Rent Multiplier: 14.76
  • Annual Gross Income: 196510.0
  • Property Net Operating Income: 130697.0
  • Annual Operating Expense: 65813.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2023
Sold by
Johnson Brandon
Bought by
2630-2664 Se 136Th Ave Llc
Current Estimated Value
$1,501,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,494,000
Outstanding Balance
$1,421,329
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$80,171

Purchase Details

Listed on
Dec 16, 2022
Closed on
Jun 26, 2023
Sold by
Hogan Michael D
Bought by
Johnson Brandon
Seller's Agent
Jessica McCollum
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$2,900,000
Sold Price
$2,340,000
Premium/Discount to List
-$560,000
-19.31%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.75%

Purchase Details

Closed on
Mar 22, 2023
Sold by
Burns Charles L
Bought by
Hogan Michael D

Purchase Details

Closed on
Aug 29, 2008
Sold by
Burns Robert C
Bought by
Burns Robert C and Burns Donna J

Purchase Details

Closed on
Jan 16, 1993
Sold by
Burns Michael J
Bought by
Burns Charles
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
2630-2664 Se 136Th Ave Llc -- Wfg Title
Johnson Brandon $2,340,000 Wfg Title
Hogan Michael D -- None Listed On Document
Burns Robert C -- None Available
Burns Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2630-2664 Se 136Th Ave Llc $1,494,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $2,340,000 -19.3% $1,335 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $2,900,000 0.0% $1,654 / Sq Ft
01/06/2023 01/06/23 Pending -- -- --
12/16/2022 12/16/22 For Sale $2,900,000 -- $1,654 / 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
2024 $27,550 $1,154,850 -- --
2023 $26,353 $1,121,220 $0 $0
2022 $24,980 $1,088,570 $0 $0
2021 $24,569 $1,056,870 $0 $0
2020 $22,257 $1,026,090 $0 $0
2019 $21,548 $996,210 $0 $0
2018 $20,885 $967,200 $0 $0
2017 $20,114 $939,030 $0 $0
2016 $19,584 $911,680 $0 $0
2015 $18,356 $885,130 $0 $0
2014 $16,460 $859,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jessica McCollum

    Seller's Agent in 2023

    Jessica McCollum

    Kelly Right Real Estate of Portland, LLC

    (360) 356-8075

    1 in this area

    140 Total Sales

    Jessica McCollum
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22318435

Regional Multiple Listing Service (RMLS)

APN: R334244

Oregon Multnomah County Portland 97236 Powellhurst-Gilbert

2630 SE 136th Ave Unit 2662, Portland, OR

This home is located at 2630 SE 136th Ave Unit 2662, Portland, OR 97236 since 16 December 2022 and is currently priced at $1,501,500, approximately $856 per square foot. This property was built in 1973. 2630 SE 136th Ave Unit 2662 is a home located in Multnomah County with nearby schools including Lincoln Park Elementary School, Ron Russell Middle School, and David Douglas High School.

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