$749,000
PENDING

Estimated payment $4,580/month

Total Views 3,487
4 Beds
3 Baths
2,063 Sq Ft
$363 Price per Sq Ft

Highlights

  • Cooling Available
  • 90% Forced Air Heating System
  • Wood Siding

About This Home

Wonderful Traditional Home with an ADU in Kerns, just 3 blocks from beautiful Laurelhurst Park. Time Out Magazine named Kerns the coolest neighborhood in America and one of the top 5 coolest neighborhoods IN THE WORLD!The home is beautiful everywhere you look. The original character is intact but with an open floorplan and tasteful updates. The kitchen is fully updated with custom cabinetry. Vintage and Schoolhouse Electric lighting fixtures throughout. The windows have been updated with high quality Wood Pella and Marvin windows to keep you warm. All the water and sewer lines have been replaced, and there is a new tankless water heater. The HVAC units were new in 2022 and 2025. The foundation was upgraded before adding the fully permitted basement ADU. Live inexpensively by living in one and renting out the other. The 3 bedroom, 1.1 bath house last rented for $2,900, and the 1 bedroom, 1 bath ADU for $1,600. Market rents are likely higher.The home is walking distance to many of the best restaurants in the city. Walk to Laurelhurst Theater and the business districts on SE 28th, Belmont, Hawthorne, and Division. Walk Score is 92 and Bike Score is 98: Walker's and Biker's Paradise.

Listing Agent

David DeFauw

Oregon First License #920100096 Listed on: 06/27/2025

Oregon First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,232

Year Built

  • Built in 1909 | Remodeled

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,063 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • Cooling Available
  • 90% Forced Air Heating System
  • Heating System Uses Gas
  • Mini Split Heat Pump
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R266192

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $15,646
  • Gross Income $54,000
  • Net Operating Income $38,354

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,232

Year Built

Built in 1909 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1909
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit
  • Total Bedrooms: 4
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: ForcedAir90, MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: R5
  • Parcel #: R266192

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 5231.76

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.87
  • Annual Gross Income: 54000.0
  • Property Net Operating Income: 38354.0
  • Annual Operating Expense: 15646.0

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 $5,232 $189,840 $0 $0
2022 $4,089 $153,150 $0 $0
2021 $4,020 $148,690 $0 $0
2020 $3,688 $144,360 $0 $0
2019 $3,552 $140,160 $0 $0
2018 $3,448 $136,080 $0 $0
2017 $3,305 $132,120 $0 $0
2016 $3,025 $128,280 $0 $0
2015 $2,638 $111,570 $0 $0
2014 $2,599 $108,330 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2025 07/20/25 Pending -- -- --
06/27/2025 06/27/25 For Sale $749,000 -- $363 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Ticor Title
Interfamily Deed Transfer -- Stewart
Individual Deed $117,165 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $190,000 New Conventional
Closed $191,200 Unknown
Closed $50,000 Credit Line Revolving
Closed $131,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $116,513 FHA
Previous Owner $118,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 496544975

Regional Multiple Listing Service (RMLS)

APN: R266192