NOT LISTED FOR SALE

3203 SW 2nd Ave Portland, OR 97239

South Portland Neighborhood

Estimated Value: $884,523 - $989,000

6 Beds
3 Baths
2,689 Sq Ft
$344/Sq Ft Est. Value

Last Sold October 07, 2024

Last sale price $895,000 $333 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,554/month

5 Days on Market

Highlights

  • 0.32 Acre Lot
  • Hilly Lot
  • Cooling Available
  • Capitol Hill Elementary School Rated 9+
  • No HOA
  • 3-minute walk to Lair Hill City Park

About This Home

As of October 2024

Charming Duplex in the Heart of Portland’s Vibrant Southwest!A delightful duplex that combines classic Portland charm with modern comfort. Nestled in a sought-after neighborhood, it offers the perfect blend of convenience and style. Spacious Units, Open floor plans, and large windows ensure a bright and inviting atmosphere. Whether looking for a place to call home with rental income potential or a solid investment property, this duplex offers flexibility and value. Both units come equipped with in-unit laundry for added convenience. This property makes a great owner-occupied duplex. Both units are rented through Airbnb all year long. Potential 4 two bedroom 2 bath townhome on the south side of the building. Plans are available with serious interest.

Last Agent to Sell the Property

Phil Shamloo

MORE Realty Brokerage Phone: 503-577-8677 License #881200092 Listed on: 08/16/2024

MORE Realty

Last Buyer's Agent

Lori Bennett

Windermere Realty Trust License #200010120

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,272

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • Level Lot
  • Hilly Lot
  • Landscaped with Trees

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Crawl Space

Schools

  • Jackson Middle School

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Heat Pump System
  • Gas Water Heater

Listing and Financial Details

  • Rent includes electricity, heat, sewer, water
  • Assessor Parcel Number R128999

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $15,000
  • Gross Income $65,000
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,272

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1900
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Hilly, Level, Trees
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: R2
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939.0
  • Parcel #: R128999

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Heat, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 7271.8

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.77
  • Annual Gross Income: 65000.0
  • Property Net Operating Income: 50000.0
  • Annual Operating Expense: 15000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Oct 3, 2024
Sold by
Noei Hameed and Kord Faith
Bought by
Lawless Kerry and Ableidinger Chris
Seller's Agent
Phil Shamloo
MORE Realty
Buyer's Agent
Lori Bennett
Windermere Realty Trust
List Price
$895,000
Sold Price
$895,000
Views
3
Current Estimated Value
$925,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,131
Avg. Annual Appreciation
3.37%
Original Mortgage
$716,000
Outstanding Balance
$708,628
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$216,503

Purchase Details

Closed on
Dec 28, 2005
Sold by
Kohandel Ali Reza
Bought by
Noei Hamdollah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2005
Sold by
Noei Hamdollah
Bought by
Noei Hamdollah and Kohandel Ali Reza

Purchase Details

Closed on
Mar 27, 1996
Sold by
Lee Robert O
Bought by
Lee Robert O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,800
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lawless Kerry $895,000 First American Title
Noei Hamdollah -- --
Noei Hamdollah -- --
Lee Robert O -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawless Kerry $716,000
Previous Owner Noei Hamdollah $241,000
Previous Owner Lee Robert O $122,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2024 10/07/24 Sold $895,000 0.0% $333 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $895,000 -- $333 / 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 $7,563 $282,920 -- --
2023 $7,272 $274,680 $0 $0
2022 $7,114 $266,680 $0 $0
2021 $6,994 $258,920 $0 $0
2020 $6,416 $251,380 $0 $0
2019 $6,180 $244,060 $0 $0
2018 $5,998 $236,960 $0 $0
2017 $5,749 $230,060 $0 $0
2016 $5,261 $223,360 $0 $0
2015 $5,123 $216,860 $0 $0
2014 -- $210,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Phil Shamloo

    Seller's Agent in 2024

    Phil Shamloo

    MORE Realty

    (503) 577-8677

    1 in this area

    16 Total Sales

    Phil Shamloo
    Section Image
  • Lori Bennett

    Buyer's Agent in 2024

    Lori Bennett

    Windermere Realty Trust

    (503) 473-5201

    1 in this area

    76 Total Sales

    Lori Bennett
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24637767

Regional Multiple Listing Service (RMLS)

APN: R128999

Oregon Multnomah County Portland 97201 South Portland

3203 SW 2nd Ave, Portland, OR

This home is located at 3203 SW 2nd Ave, Portland, OR 97239 since 16 August 2024 and is currently estimated at $925,131, approximately $344 per square foot. This property was built in 1900. 3203 SW 2nd Ave is a home located in Multnomah County with nearby schools including Capitol Hill Elementary School, Jackson Middle School, and Ida B. Wells-Barnett High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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