$975,000
SOLD MAY 6, 2025
-- Bed
-- Bath
5,145 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$190 Per Sq Ft

28% Below List Price

357 Days on Market

Highlights

  • Landscaped with Trees
  • Level Lot
  • No Heating
  • Laundry Facilities
  • Lap Siding

About This Home

As of May 2025

Great investment opportunity. 7 Unit complex with, 2- 1 Bed/1Bath apartments and 4- 2Bed/1Bath apartments plus a 2 Bed/1 Bath home. There is also a studio, recently used for storage, that is being prepped to rent. On site laundry room services the 6 units and the home has a washer/dryer. New tear off roof and gutters on the house in 2018 and extensive remodeling and new flooring in 2022. 4 of 7 units received updates over the last 3 years. Currently, all units are occupied. Scheduled rents are $8,230 per month.

Last Agent to Sell the Property

Douglas Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #200903041 Listed on: 03/21/2024

John L. Scott Portland Central

Co-Listed By

Carol Ann Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #950100027

Last Buyer's Agent

Elaine Rahman

Realty One Group Prestige License #201217069

Realty One Group Prestige

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1999

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 63 x 165
  • Level Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,145 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • Driveway
  • Off-Street Parking

Schools

  • Clark Elementary School
  • Harrison Park Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R333575

Community Details

Building Details

  • Operating Expense $44,451
  • Gross Income $79,275
  • Net Operating Income $34,824

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1999
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, Trees
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Clark
  • High School: Leodis McDaniel
  • Middle Or Junior School: Harrison Park

Lot Info

  • Zoning: R1A
  • Lot Size Acres: 0.24
  • Lot Size: 63 X 165
  • Lot Size Sq Ft: 10454.0
  • Parcel #: R333575

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 12.55
  • Annual Gross Income: 79275.0
  • Property Net Operating Income: 34824.0
  • Annual Operating Expense: 44451.0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 Sold $975,000 -2.0% $190 / Sq Ft
03/14/2025 03/14/25 Pending -- -- --
02/28/2025 02/28/25 Price Changed $995,000 -9.5% $193 / Sq Ft
01/03/2025 01/03/25 Price Changed $1,100,000 -7.9% $214 / Sq Ft
09/20/2024 09/20/24 Price Changed $1,195,000 -4.4% $232 / Sq Ft
05/22/2024 05/22/24 Price Changed $1,250,000 -7.4% $243 / Sq Ft
03/21/2024 03/21/24 For Sale $1,350,000 +119.5% $262 / Sq Ft
04/17/2015 04/17/15 Sold $615,000 -11.5% $123 / Sq Ft
01/22/2015 01/22/15 Pending -- -- --
11/05/2014 11/05/14 For Sale $695,000 -- $139 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24030744

Regional Multiple Listing Service (RMLS)