$1,195,000

Estimated payment $6,988/month

Total Views 8,608
5 Beds
2 Baths
1,640 Sq Ft
$729 Price per Sq Ft

Highlights

  • No HOA
  • Ductless Heating Or Cooling System
  • Lap Siding
  • Abernethy Elementary School Rated 10
  • Level Lot
  • 1-minute walk to Powell Park

About This Home

Beautifully updated SE Portland property with multiple income streams! This fully updated 4BD/2BA home sits on a 5,000 SF lot and includes three detached tiny homes, each with full utility hookups and private access. Live in the main house and rent out the tiny homes, or lease the entire property as a high-yield, turn-key rental. Extensive upgrades throughout include a fully renovated kitchen and bathrooms, all-new electrical and plumbing, new mini-splits, fire suppression system, and fresh exterior paint. The backyard is professionally landscaped with a beautiful courtyard, gazebo, and communal gathering space. Zoned CM2 and permitted for year-round short term rental use, this property blends residential comfort with commercial-level income potential in the heart of the vibrant Hosford-Abernethy neighborhood, just minutes from downtown. A unique and flexible asset in one of Portland’s most desirable rental markets.

Listing Agent

Jacob Serrill

Kelly Right Real Estate of Portland, LLC License #201228311 Listed on: 06/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,971

Year Built

  • Built in 1904

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • 1,640 Sq Ft Home
  • Composition Roof
  • Lap Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Schools

  • Abernethy Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • Ductless Heating Or Cooling System
  • Mini Split Heat Pump

Listing and Financial Details

  • Assessor Parcel Number R122764

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $53,295
  • Gross Income $162,174
  • Net Operating Income $108,897

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,971

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Year Built: 1904
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Lot Size Range: SqFt5000to6999

Exterior Features

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

Garage/Parking

  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: CM2
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R122764

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Gas, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3971.3

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 7.37
  • Annual Gross Income: 162174.0
  • Property Net Operating Income: 108897.0
  • Annual Operating Expense: 53295.0

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 $3,819 $144,110 $0 $0
2022 $3,736 $139,910 $0 $0
2021 $2,997 $110,860 $0 $0
2020 $2,750 $107,640 $0 $0
2019 $2,649 $104,510 $0 $0
2018 $2,571 $101,470 $0 $0
2017 $2,464 $98,520 $0 $0
2016 $2,255 $95,660 $0 $0
2015 $2,196 $92,880 $0 $0
2014 $2,163 $90,180 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $1,195,000 +231.9% $729 / Sq Ft
07/31/2018 07/31/18 Sold $360,000 -7.7% $198 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $389,900 -- $214 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $360,000 Wfg Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $355,000 New Conventional
Closed $353,479 FHA
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 774373482

Regional Multiple Listing Service (RMLS)

APN: R122764