NOT LISTED FOR SALE

3511 S Corbett Ave Portland, OR 97239

South Portland Neighborhood

Estimated Value: $670,000 - $853,000

4 Beds
4 Baths
1,548 Sq Ft
$497/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $775,000 $501 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,683/month

12 Days on Market

Highlights

  • Storage
  • Baseboard Heating
  • Controlled Entrance
  • Capitol Hill Elementary School Rated 9+
  • Laundry Facilities
  • Level Lot

About This Home

As of December 2023

Unique opportunity in the Corbett neighborhood of South Portland. 1997 built 4 plex consisting of 2 one bedroom units and 2 open concept studio units in an efficient floor plan. Beautifully updated and well maintained. Each unit features a deck or a patio. Shared laundry on site. Lovely landscaped yard. Ideal location. Near community garden, Downtown, bus line, and pedestrian bridge to the OHSU tram and the South Waterfront. CM2 zoning may have development potential. Across from Ross Island Grocery & Cafe! Very popular with tenants. Professionally managed. Drive by but do not go on property/disturb tenants. Write offers 'Subject to Inspection'.

Last Agent to Sell the Property

Kent Mathews

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #961100216 Listed on: 10/13/2023

John L. Scott Portland Central

Last Buyer's Agent

Connor McWilliams

Kelly Right Real Estate of Portland, LLC License #201238069

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,598

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • Level Lot

Parking

  • Controlled Entrance

Home Design

  • Composition Roof
  • Shake Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,548 Sq Ft Home
  • 2-Story Property
  • Storage

Schools

  • Capitol Hill Elementary School
  • Jackson Middle School
  • Ida B Wells High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R239176

Community Details

Overview

  • 4 Units
  • South Portland Subdivision
  • Property managed by Capital Property Management

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $11,831
  • Gross Income $56,331
  • Net Operating Income $44,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,598

Year Built

Built in 1997 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1997
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: ShakeSiding,VinylSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: Capital Property Management
  • Community Features: Laundry

Schools

  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: CS
  • Parcel #: R239176

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6598.33

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.09
  • Annual Gross Income: 56331.0
  • Property Net Operating Income: 44499.0
  • Annual Operating Expense: 11831.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Dec 6, 2023
Sold by
Hamilton Linda
Bought by
Nelson Jeffrey
Seller's Agent
Kent Mathews
John L. Scott Portland Central
Buyer's Agent
Connor McWilliams
Kelly Right Real Estate of Portland, LLC
List Price
$850,000
Sold Price
$775,000
Premium/Discount to List
-$75,000
-8.82%
Views
7
Current Estimated Value
$769,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,890
Avg. Annual Appreciation
-0.43%
Original Mortgage
$581,250
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2010
Sold by
L & N Fifth Llc
Bought by
Hamilton Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,100
Interest Rate
4.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2003
Sold by
L & N First Llc
Bought by
Lindstrom Larry L and Lindstrom Nina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,400
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2000
Sold by
Kehoe Properties Llc
Bought by
Allison Kehoe Trust Llc

Purchase Details

Closed on
Aug 29, 1996
Sold by
Kehoe Martin T
Bought by
Kehoe Company
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
Nelson Jeffrey $775,000 Fidelity National Title
Hamilton Linda $320,000 Fidelity Natl Title Co Of Or
Lindstrom Larry L -- Transnation
Allison Kehoe Trust Llc -- Chicago Title Insurance Co
Kehoe Company -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Jeffrey $600,000
Closed Nelson Jeffrey $581,250
Previous Owner Hamilton Linda $233,100
Previous Owner Lindstrom Larry L $167,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $775,000 -8.8% $501 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $850,000 -- $549 / 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 $7,014 $262,400 -- --
2023 $6,744 $254,760 $0 $0
2022 $6,598 $247,340 $0 $0
2021 $6,487 $240,140 $0 $0
2020 $5,950 $233,150 $0 $0
2019 $5,732 $226,360 $0 $0
2018 $5,563 $219,770 $0 $0
2017 $5,332 $213,370 $0 $0
2016 $4,879 $207,160 $0 $0
2015 $4,751 $201,130 $0 $0
2014 $4,680 $195,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kent Mathews

    Seller's Agent in 2023

    Kent Mathews

    John L. Scott Portland Central

    (503) 998-1658

    2 in this area

    45 Total Sales

    Kent Mathews
    Section Image
  • Connor McWilliams

    Buyer's Agent in 2023

    Connor McWilliams

    Kelly Right Real Estate of Portland, LLC

    (831) 214-2053

    4 in this area

    29 Total Sales

    Connor McWilliams
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23583857

Regional Multiple Listing Service (RMLS)

APN: R239176

Oregon Multnomah County Portland 97239 South Portland

3511 S Corbett Ave, Portland, OR

This home is located at 3511 S Corbett Ave, Portland, OR 97239 since 13 October 2023 and is currently estimated at $769,110, approximately $496 per square foot. This property was built in 1997. 3511 S Corbett 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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