$485,000
SOLD FEB 28, 2025
-- Bed
-- Bath
2,570 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$189 Per Sq Ft

25% Below List Price

116 Days on Market

Highlights

  • View of Trees or Woods
  • No HOA
  • Laundry Facilities
  • Wooded Lot
  • Window Unit Cooling System
  • High Speed Internet

About This Home

As of February 2025

Investors, this one's for you! This fully rented fourplex is a hidden gem located on a dead-end street, surrounded by trees and just minutes from downtown with quick freeway access. Two of the four units have been tastefully renovated to include: new LVP flooring, interior paint, new kitchen cabinets, new appliances, new light fixtures, mini split in one-unit, electric heaters, and updated bathrooms. While the other two units remain solid and ready for future updates! Features a community laundry room, common area and a storage-utility basement. Laundry room offers new plumbing, new concrete subfloor with new LVP flooring, new sink, new electric heater and new washer and dryer! Unit #1 includes a large private deck. Recent upgrades such as: new sewer line w/a 30 yr transferrable warranty, new water line from meter to property, new concrete: driveway, walkway, stairs, common area and new aluminum handrails. Two new water heaters. All units are rented, providing immediate cash flow. Buyer to verify all information. A solid investment opportunity awaits! Do not disturb tenants or walk property. Ask your favorite Realtor for the property updates sheet!

Last Agent to Sell the Property

Nicole White

eXp Realty LLC License #20108568 Listed on: 10/04/2024

eXp Realty LLC

Last Buyer's Agent

Kadoh Swiatkowski - Oregon Real

Kelly Right Real Estate of Portland, LLC License #201249459

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,322

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot
  • Wooded Lot
  • Landscaped with Trees

Property Views

  • Woods
  • Territorial

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,570 Sq Ft Home
  • Basement Storage
  • Security Lights

Parking

  • 3 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • Washington Elementary School
  • Discovery Middle School
  • Hudsons Bay High School

Utilities

  • Window Unit Cooling System
  • Mini Split Heat Pump
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes electricity, ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 020735002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $16,255
  • Gross Income $62,599
  • Net Operating Income $46,343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,322

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1930
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: StorageSpace
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Commons, GentleSloping, Level, Trees, Wooded
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial,TreesWoods

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: SecurityLights
  • Cooling: MiniSplit, WindowUnit
  • Cooling Y N: Yes
  • Heating: MiniSplit, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons, Laundry
  • Association: No

Schools

  • Elementary School: Washington
  • High School: Hudsons Bay
  • Middle Or Junior School: Discovery

Lot Info

  • Zoning: R9
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 020735002

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4321.66

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 9.57
  • Annual Gross Income: 62599.0
  • Property Net Operating Income: 46343.0
  • Annual Operating Expense: 16255.0

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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
02/28/2025 02/28/25 Sold $485,000 -19.0% $189 / Sq Ft
01/28/2025 01/28/25 Pending -- -- --
01/22/2025 01/22/25 Price Changed $599,000 -2.4% $233 / Sq Ft
01/11/2025 01/11/25 Price Changed $614,000 -3.2% $239 / Sq Ft
12/31/2024 12/31/24 Price Changed $634,000 -1.6% $247 / Sq Ft
12/07/2024 12/07/24 Price Changed $644,000 -0.8% $251 / Sq Ft
12/06/2024 12/06/24 For Sale $649,000 0.0% $253 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
11/15/2024 11/15/24 Price Changed $649,000 -3.7% $253 / Sq Ft
10/30/2024 10/30/24 Price Changed $674,000 -2.2% $262 / Sq Ft
10/13/2024 10/13/24 For Sale $689,000 0.0% $268 / Sq Ft
10/10/2024 10/10/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $689,000 +43.5% $268 / Sq Ft
09/26/2022 09/26/22 Sold $480,000 -5.9% $187 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $510,000 0.0% $198 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/13/2022 08/13/22 Price Changed $510,000 0.0% $198 / Sq Ft
08/13/2022 08/13/22 For Sale $510,000 -12.8% $198 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
06/14/2022 06/14/22 Price Changed $585,000 0.0% $228 / Sq Ft
06/14/2022 06/14/22 For Sale $585,000 -4.1% $228 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $610,000 +106.8% $237 / Sq Ft
07/01/2016 07/01/16 Sold $295,000 -1.6% $120 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
11/07/2015 11/07/15 For Sale $299,900 -- $122 / 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: 24484907

Regional Multiple Listing Service (RMLS)

APN: 020735-002