$1,200,000

Estimated payment $7,645/month

Total Views 3,249
11 Beds
7 Baths
4,486 Sq Ft
$267 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Level Lot
  • Wood Siding
  • 2 Car Garage

About This Home

DO NOT DISTURB TENANTS. Make offer subject to interior inspection. Great opportunity to own THREE DETACHED HOUSES on ONE LOT! Two homes with 1706 sq. ft. EACH, built in 2005, with 4 bedrooms and 2.5 baths EACH. Major upgrades to one of the units in 2024 and interior pictures are "after" pictures of home. Third home, in front, built in 1955 with 3 bedrooms, 1 bath. All units currently occupied; strong rental history. (financials listed are based on 2024). Buyer to verify square footage.

Listing Agent

Kathy Hart

eXp Realty, LLC Brokerage Phone: 503-349-3377 License #201231838 Listed on: 05/21/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,433

Year Built

  • Built in 2005

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 4,486 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Schools

  • Menlo Park Elementary School
  • Floyd Light Middle School
  • David Douglas High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number R159613

Community Details

Overview

  • 3 Units
  • Hazelwood Subdivision

Building Details

  • Operating Expense $25,398
  • Gross Income $67,736
  • Net Operating Income $55,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,433

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2005
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 11
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodComposite,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Menlo Park
  • High School: David Douglas
  • Middle Or Junior School: Floyd Light

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.0
  • Parcel #: R159613

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 13432.94

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 17.72
  • Annual Gross Income: 67736.0
  • Property Net Operating Income: 55770.0
  • Annual Operating Expense: 25398.0

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
2024 $13,433 $563,080 -- --
2023 $12,849 $546,680 $0 $0
2022 $12,180 $530,760 $0 $0
2021 $11,979 $515,310 $0 $0
2020 $10,852 $500,310 $0 $0
2019 $10,507 $485,740 $0 $0
2018 $10,183 $471,600 $0 $0
2017 $9,808 $457,870 $0 $0
2016 $9,549 $444,540 $0 $0
2015 $8,470 $431,600 $0 $0
2014 $7,686 $419,030 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 For Sale $1,200,000 +27.4% $267 / Sq Ft
06/17/2022 06/17/22 Sold $942,000 -3.9% $877 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/05/2022 04/05/22 Price Changed $980,000 -1.0% $912 / Sq Ft
03/19/2022 03/19/22 For Sale $990,000 +190.0% $922 / Sq Ft
05/22/2012 05/22/12 Sold $341,402 -5.0% $76 / Sq Ft
03/27/2012 03/27/12 Pending -- -- --
11/04/2011 11/04/11 For Sale $359,370 -- $80 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $942,000 First American Title
Interfamily Deed Transfer -- None Available
Special Warranty Deed -- Lsi Title Agency
Trustee Deed $288,441 None Available
Interfamily Deed Transfer -- Chicago Title Co
Warranty Deed $140,000 Oregon Title Insurance Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $706,500 New Conventional
Previous Owner $255,750 New Conventional
Previous Owner $295,977 Unknown
Previous Owner $300,000 Credit Line Revolving
Previous Owner $112,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 427404636

Regional Multiple Listing Service (RMLS)

APN: R159613