NOT LISTED FOR SALE

325 N 29th Ave Cornelius, OR 97113

Estimated Value: $692,998 - $758,000

8 Beds
4 Baths
3,328 Sq Ft
$217/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $699,950 $210 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,439/month

17 Days on Market

About This Home

As of March 2024

Excellent investment opportunity with a nice cap rate on quite street this fourplex features a carport for each unit, with a small storage. This Cash flowing multi-unit comprises 2 one-level units & 2 two level units. Property is only a short distance to shopping & bus line. unit one: 2bed/1 bath, unit two, 2 bed/1.5 bath, unit three: 2 bed/1.5 bath and unit four is a 2 bed/1 bath unit. Newer roof. No sign on Property, please do not disturb tenants.

Last Listed By

Manny Obi

Kelly Right Real Estate of Portland, LLC License #201231015 Listed on: 01/15/2024

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,791

Year Built

  • Built in 1977

Lot Details

  • Corner Lot

Home Design

  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • Carport
  • Assigned Parking

Schools

  • Free Orchards Elementary School
  • Evergreen Middle School
  • Glencoe High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R755908

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $8,521
  • Gross Income $62,772
  • Net Operating Income $54,251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,791

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1977
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage,IndividualStorageUnits
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Paved

Garage/Parking

  • Parking Description: Assigned, Carport
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Free Orchards
  • High School: Glencoe
  • Middle Or Junior School: Evergreen

Lot Info

  • Zoning: R4
  • Parcel #: R755908

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4791.15

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.15
  • Annual Gross Income: 62772.0
  • Property Net Operating Income: 54251.0
  • Annual Operating Expense: 8521.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Apr 5, 2024
Sold by
Fitzmaurice Stephen
Bought by
Cornplex Fitzmaurice Holdings Llc
Seller's Agent
Manny Obi
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Max Breslau
eXp Realty, LLC
List Price
$699,950
Sold Price
$699,950
Total Days on Market
17
Views
24
Current Estimated Value
$722,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,050
Avg. Annual Appreciation
2.76%
Original Mortgage
$475,000
Outstanding Balance
$469,373
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$252,627

Purchase Details

Listed on
Jan 15, 2024
Closed on
Mar 15, 2024
Sold by
Obi Manasseh
Bought by
Fitzmaurice Stephen
Seller's Agent
Manny Obi
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Max Breslau
eXp Realty, LLC
List Price
$699,950
Sold Price
$699,950
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$469,373
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$252,627

Purchase Details

Closed on
Jul 19, 2019
Sold by
Most Edge Llc
Bought by
Obi Manasseh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2017
Sold by
Manasseh Obi
Bought by
Most Edge Llc

Purchase Details

Closed on
Aug 18, 2015
Sold by
Paul Rodney O and Paul Mary Jane
Bought by
Obi Manasseh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,294
Interest Rate
3.81%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Cornplex Fitzmaurice Holdings Llc -- Fidelity National Title
Fitzmaurice Stephen $699,950 Lawyers Title
Obi Manasseh -- Wfg Title
Most Edge Llc -- None Available
Obi Manasseh $252,392 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fitzmaurice Stephen $475,000
Previous Owner Obi Manasseh $414,000
Previous Owner Obi Manasseh $413,000
Previous Owner Obi Manasseh $189,294
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $699,950 0.0% $210 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $699,950 0.0% $210 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $699,950 +177.3% $210 / Sq Ft
11/03/2015 11/03/15 Sold $252,392 -7.3% $76 / Sq Ft
08/16/2015 08/16/15 Pending -- -- --
06/27/2015 06/27/15 For Sale $272,400 -- $82 / 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
2025 $5,233 $319,040 -- --
2024 $4,791 $309,750 -- --
2023 $4,791 $300,730 $0 $0
2022 $4,662 $300,730 $0 $0
2021 $4,571 $283,480 $0 $0
2020 $4,474 $275,230 $0 $0
2019 $4,346 $267,220 $0 $0
2018 $4,156 $259,440 $0 $0
2017 $4,004 $251,890 $0 $0
2016 $3,895 $244,560 $0 $0
2015 $3,735 $237,440 $0 $0
2014 $3,607 $230,530 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Manny Obi

    Kelly Right Real Estate of Portland, LLC

    (503) 449-8334

    54 Total Sales

    Manny Obi
    Section Image
  • Max Breslau

    Buyer's Agent in 2024

    Max Breslau

    eXp Realty, LLC

    (503) 939-8231

    22 Total Sales

    Max Breslau
    Section Image
  • Jimmie Moyer

    Seller's Agent in 2015

    Jimmie Moyer

    Weichert, Realtors on Main Street

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24112107

Regional Multiple Listing Service (RMLS)

APN: R0755908

Oregon Washington County Cornelius 97113

325 N 29th Ave, Cornelius, OR

Homes for Sale in Cornelius, OR

This home is located at 325 N 29th Ave, Cornelius, OR 97113 since 15 January 2024 and is currently estimated at $722,000, approximately $216 per square foot. This property was built in 1977. 325 N 29th Ave is a home located in Washington County with nearby schools including Free Orchards Elementary School, Evergreen Jr High School, and Glencoe 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.