$895,000
$30K PRICE INCREASE

Estimated payment $5,775/month

Total Views 4,070
8 Beds
4 Baths
3,120 Sq Ft
$287 Price per Sq Ft

Highlights

  • Storage
  • Handicap Accessible
  • Wall Furnace
  • Cleveland High School Rated A-
  • Gentle Sloping Lot

About This Home

Well maintained four unit complex, with additional 5,000 sq ft lot, in the very popular Southeast Portland neighborhood of Brooklyn. Nestled amongst some of the most popular coffee shops, restaurants and down the street from Aladdin's Theater- one of Portland's most popular venues for live entertainment. Easy access to highways, perfect for a commuter and also accessible to public transit.

Listing Agent

Rebecca Wilson

eXp Realty, LLC Brokerage Phone: 971-303-4757 License #201214968 Listed on: 03/20/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,981

Year Built

  • Built in 1981

Lot Details

  • 5,227 Sq Ft Lot
  • Gentle Sloping Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Storage
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Accessible Home Design

  • Handicap Accessible

Schools

  • Grout Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R296535

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $13,105
  • Gross Income $69,420
  • Net Operating Income $56,315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,981

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1981
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Total Bedrooms: 8
  • Lot Size Range: SqFt5000to6999

Exterior Features

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

Garage/Parking

  • Parking Description: Assigned, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

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

Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R296535
  • Assessor Parcel Number 2: R296534

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 9981.1

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.89
  • Annual Gross Income: 69420.0
  • Property Net Operating Income: 56315.0
  • Annual Operating Expense: 13105.0

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 $9,981 $362,190 $0 $0
2022 $9,390 $351,650 $0 $0
2021 $9,231 $341,410 $0 $0
2020 $8,468 $331,470 $0 $0
2019 $8,157 $321,820 $0 $0
2018 $7,917 $312,450 $0 $0
2017 $7,588 $303,350 $0 $0
2016 $6,944 $294,520 $0 $0
2015 $6,762 $285,950 $0 $0
2014 $6,660 $277,630 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $895,000 -4.3% $287 / Sq Ft
04/03/2025 04/03/25 For Sale $935,000 +8.1% $300 / Sq Ft
03/21/2025 03/21/25 Pending -- -- --
03/20/2025 03/20/25 For Sale $865,000 -- $277 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $799,000 Lawyers Title
Special Warranty Deed $380,500 Chicago Title Insurance Co
Warranty Deed $305,000 Ticor Title Insurance Compan
Warranty Deed -- --
Warranty Deed $233,000 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $385,000 New Conventional
Previous Owner $285,350 Purchase Money Mortgage
Previous Owner $86,000 Stand Alone Second
Previous Owner $322,500 Fannie Mae Freddie Mac
Previous Owner $244,000 Purchase Money Mortgage
Previous Owner $186,400 No Value Available
Closed $45,750 No Value Available
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 217124355

Regional Multiple Listing Service (RMLS)

APN: R296535