$844,000
$56K PRICE DROP

3741 SE Cesar e Chavez Blvd Portland, OR 97202

Creston-Kenilworth Neighborhood

Estimated payment $5,437/month

Total Views 9,264
6 Beds
4 Baths
2,815 Sq Ft
$300 Price per Sq Ft

Highlights

  • City View
  • No HOA
  • Laundry Facilities
  • Cleveland High School Rated A-
  • Mini Split Air Conditioners
  • Level Lot

About This Home

Fantastic Investment Opportunity conveniently located near the Division/Hawthorne area. 4 units consist of 2- 2 bedroom, two-story units AND 2- 1 bedroom units. Total of 6 Bedrooms/4 Baths. Nicely updated kitchen and baths and LVT flooring throughout. The previous owner did electrical and plumbing updates. On-site coin operated laundry for addition revenue to new owner. Close to local shopping. Drive by is ok, but do not go on property or disturb tenants. Currently being managed by a property management company. Photos are from previous rental listing. Any offer must be made contingent on interior inspection. Owner is a license agent in the state of Oregon.

Listing Agent

Bradley Mulliner

MORE Realty Brokerage Phone: 503-858-2478 License #201206857 Listed on: 08/26/2024

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,180

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 4,791 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Carport

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,815 Sq Ft Home
  • 2-Story Property
  • City Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Schools

  • Grout Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R328201

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $17,000
  • Gross Income $65,220
  • Net Operating Income $49,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,180

Year Built

Built in 1951 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1951
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, FullBasement
  • Total Bedrooms: 6
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: Carport, Paved
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

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

Lot Info

  • Zoning: Multi
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R328201

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 10179.62

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.94
  • Annual Gross Income: 65220.0
  • Property Net Operating Income: 49000.0
  • Annual Operating Expense: 17000.0

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
2024 $10,180 $380,470 -- --
2023 $10,180 $369,390 $0 $0
2022 $8,333 $312,060 $0 $0
2021 $8,192 $302,980 $0 $0
2020 $7,515 $294,160 $0 $0
2019 $7,239 $285,600 $0 $0
2018 $7,026 $277,290 $0 $0
2017 $6,734 $269,220 $0 $0
2016 $6,163 $261,380 $0 $0
2015 $6,001 $253,770 $0 $0
2014 $5,910 $246,380 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2025 07/20/25 Price Changed $844,000 -1.8% $300 / Sq Ft
03/12/2025 03/12/25 Price Changed $859,900 -1.1% $305 / Sq Ft
11/08/2024 11/08/24 Price Changed $869,900 -1.1% $309 / Sq Ft
10/17/2024 10/17/24 Price Changed $879,900 -1.1% $313 / Sq Ft
09/27/2024 09/27/24 Price Changed $889,900 -1.1% $316 / Sq Ft
08/26/2024 08/26/24 For Sale $899,900 +12.5% $320 / Sq Ft
01/24/2022 01/24/22 Sold $800,000 -3.0% $284 / Sq Ft
11/26/2021 11/26/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $825,000 +87.5% $293 / Sq Ft
03/31/2015 03/31/15 Sold $440,000 0.0% $160 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
02/13/2015 02/13/15 For Sale $440,000 -- $160 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $800,000 Fidelity National Title
Bargain Sale Deed -- Fidelity National Title
Warranty Deed $440,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Previous Owner $558,566 Purchase Money Mortgage
Previous Owner $550,000 Commercial
Previous Owner -- No Value Available
Previous Owner $365,000 Commercial
Previous Owner $473,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24657886

Regional Multiple Listing Service (RMLS)

APN: R328201