NOT LISTED FOR SALE

3571 NE 122nd Ave Unit 3573 Portland, OR 97230

Parkrose Neighborhood

Estimated Value: $388,000 - $525,000

4 Beds
2 Baths
1,760 Sq Ft
$265/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $499,000 $284 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,894/month

18 Days on Market

Highlights

  • Private Lot
  • Property is near a bus stop
  • 1-Story Property
  • No HOA
  • Forced Air Heating System

About This Home

As of May 2024

Don't miss out on this fabulous duplex! Vacant side is freshly updated with new floors, counters, backsplash & paint. Brand new roof just completed. Each unit is 2bed/1 bath with washer/dryer hookups in each unit. 4 parking spots designated to Duplex. This is a perfect opportunity to live owner occupied in the remodeled unit and collect rent. Do not disturb occupied unit (3571).

Last Agent to Sell the Property

Jodi Huot

Soldera Properties, Inc License #200106016 Listed on: 03/21/2024

Last Buyer's Agent

Colton Zakowski

Reger Homes, LLC License #201237235

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,752

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 9,147 Sq Ft Lot
  • Private Lot
  • Level Lot

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,760 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near a bus stop

Schools

  • Prescott Elementary School
  • Parkrose Middle School
  • Parkrose High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R318450

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Parkrose Subdivision

Building Details

  • Operating Expense $4,763
  • Gross Income $33,600
  • Net Operating Income $2,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,752

Year Built

Built in 1978 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline, Private
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet, Paved
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Prescott
  • High School: Parkrose
  • Middle Or Junior School: Parkrose

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9147.0
  • Parcel #: R318450

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4752.13

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.85
  • Annual Gross Income: 33600.0
  • Property Net Operating Income: 2868.0
  • Annual Operating Expense: 4763.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2025
Sold by
Land Kara R and Land Derek J
Bought by
Land Kara R and Oppegard Wayne
Current Estimated Value
$465,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Outstanding Balance
$464,600
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$13,226

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 2, 2024
Sold by
Munn Keith A and Munn Anita L
Bought by
Land Kara R and Land Derek J
Seller's Agent
Jodi Huot
Soldera Properties, Inc
Buyer's Agent
Colton Zakowski
Reger Homes, LLC
List Price
$499,000
Sold Price
$499,000
Views
73

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.01%
Original Mortgage
$449,100
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2001
Sold by
Kelly Craig A
Bought by
Munn Keith A and Munn Anita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
6.57%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
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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
Land Kara R $25,000 First American Title
Land Kara R $499,000 Fidelity National Title
Munn Keith A $147,800 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Land Kara R $465,000
Previous Owner Land Kara R $449,100
Previous Owner Munn Keith A $120,520
Previous Owner Munn Keith A $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $499,000 0.0% $284 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $499,000 -- $284 / 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 $4,955 $219,160 -- --
2023 $4,955 $212,780 $0 $0
2022 $4,659 $206,590 $0 $0
2021 $4,581 $200,580 $0 $0
2020 $4,253 $194,740 $0 $0
2019 $4,024 $189,070 $0 $0
2018 $3,887 $183,570 $0 $0
2017 $3,747 $178,230 $0 $0
2016 $3,615 $173,040 $0 $0
2015 $3,279 $168,000 $0 $0
2014 $3,365 $163,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jodi Huot

    Seller's Agent in 2024

    Jodi Huot

    Soldera Properties, Inc

    (503) 709-9524

    1 in this area

    79 Total Sales

    Jodi Huot
    Section Image
  • Colton Zakowski

    Buyer's Agent in 2024

    Colton Zakowski

    Reger Homes, LLC

    (541) 531-9004

    1 in this area

    89 Total Sales

    Colton Zakowski
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24624700

Regional Multiple Listing Service (RMLS)

APN: R318450

Oregon Multnomah County Portland 97220 Parkrose

3571 NE 122nd Ave Unit 3573, Portland, OR

This home is located at 3571 NE 122nd Ave Unit 3573, Portland, OR 97230 since 21 March 2024 and is currently estimated at $465,697, approximately $264 per square foot. This property was built in 1978. 3571 NE 122nd Ave Unit 3573 is a home located in Multnomah County with nearby schools including Prescott Elementary School, Parkrose Middle School, and Parkrose High School.

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