NOT LISTED FOR SALE

3402 SE 116th Ave Unit 3410 Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated Value: $792,000 - $976,000

-- Bed
4 Baths
3,600 Sq Ft
$248/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $899,000 $250 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,575/month

39 Days on Market

Highlights

  • Storage
  • Property is near a bus stop
  • Level Lot
  • Zoned Heating

About This Home

As of August 2023

4Plex in good condition with storage units and 1 parking space for every unit with an opportunity to raise rents on vacant units for incoming investor or a chance for a owner occupant in one of the units. Each unit is 2 beds/1 bath townhouse style with a private deck off the slider.

Last Agent to Sell the Property

Melissa Young

Realty One Group Prestige License #200106138 Listed on: 06/14/2023

Realty One Group Prestige

Last Buyer's Agent

Melissa Young

Realty One Group Prestige License #200106138 Listed on: 06/14/2023

Realty One Group Prestige

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,161

Year Built

  • Built in 2000 | Remodeled

Lot Details

  • 7,841

Parking

  • 4 Car Garage
  • Assigned Parking

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Storage
  • Crawl Space
  • Security Lights

Schools

  • W Powellhurst Elementary School
  • Ron Russell Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Additional Features

  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R566495

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $21,132
  • Gross Income $79,347
  • Net Operating Income $58,215

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,161

Year Built

Built in 2000 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2000
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: W Powellhurst
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell

Lot Info

  • Zoning: res
  • Parcel #: R566495

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 9160.56

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.33
  • Annual Gross Income: 79347.0
  • Property Net Operating Income: 58215.0
  • Annual Operating Expense: 21132.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Aug 24, 2023
Sold by
Forsberg William
Bought by
Syed Alimoosa
Seller's Agent
Melissa Young
Realty One Group Prestige
Buyer's Agent
Melissa Young
Realty One Group Prestige
List Price
$899,000
Sold Price
$899,000
Views
61
Current Estimated Value
$894,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,580
Avg. Annual Appreciation
0.93%
Original Mortgage
$629,300
Outstanding Balance
$616,547
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$300,182

Purchase Details

Closed on
Jun 22, 2020
Sold by
Dakiotah Matthew R and Weese Daniell S
Bought by
Forsberg William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,781
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 11, 2015
Closed on
Jul 30, 2015
Sold by
Jerry K Larsen Md Pc
Bought by
Dakotah Matthew R and Weese Danell S
Seller's Agent
Terry Reede
Reede Realty
Buyer's Agent
Randy Schumock
John L. Scott
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$486,034
Interest Rate
3.98%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 2006
Sold by
Arntson Kory A
Bought by
Jerry K Larsen M D P C
Source: Public Records

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
Syed Alimoosa $899,000 Wfg Title
Forsberg William $785,000 Fidelity National Ttl Of Or
Dakotah Matthew R $495,000 First American
Jerry K Larsen M D P C $440,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Syed Alimoosa $629,300
Previous Owner Forsberg William $770,781
Previous Owner Dakotah Matthew R $486,034
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $899,000 0.0% $250 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $899,000 0.0% $250 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $899,000 +81.6% $250 / Sq Ft
07/31/2015 07/31/15 Sold $495,000 -5.7% $140 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
04/11/2015 04/11/15 For Sale $525,000 -- $149 / 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 $9,993 $423,500 -- --
2023 $9,664 $411,170 $0 $0
2022 $9,161 $399,200 $0 $0
2021 $9,010 $387,582 $0 $0
2020 $7,220 $332,830 $0 $0
2019 $6,989 $323,140 $0 $0
2018 $6,775 $313,730 $0 $0
2017 $6,525 $304,600 $0 $0
2016 $6,353 $295,730 $0 $0
2015 $5,298 $287,120 $0 $0
2014 $4,897 $278,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Young

    Seller's Agent in 2023

    Melissa Young

    Realty One Group Prestige

    (503) 577-3371

    1 in this area

    103 Total Sales

    Melissa Young
    Section Image

  • T

    Seller's Agent in 2015

    Terry Reede

    Reede Realty

  • Randy Schumock

    Buyer's Agent in 2015

    Randy Schumock

    John L. Scott

    (503) 781-9409

    47 Total Sales

    Randy Schumock
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23322135

Regional Multiple Listing Service (RMLS)

APN: R566495

Oregon Multnomah County Portland 97266 Powellhurst-Gilbert

3402 SE 116th Ave Unit 3410, Portland, OR

This home is located at 3402 SE 116th Ave Unit 3410, Portland, OR 97266 since 14 June 2023 and is currently estimated at $894,420, approximately $248 per square foot. This property was built in 2000. 3402 SE 116th Ave Unit 3410 is a home located in Multnomah County with nearby schools including West Powellhurst Elementary School, Ron Russell Middle School, and David Douglas 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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