NOT LISTED FOR SALE

3932 N Albina Ave Unit 3938 Portland, OR 97227

Boise Neighborhood

Estimated Value: $1,220,000 - $1,715,178

7 Beds
5 Baths
4,800 Sq Ft
$295/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $1,300,000 $271 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,487/month

46 Days on Market

Highlights

  • Deck
  • Storage
  • Controlled Entrance
  • Wood Flooring
  • Garage
  • 3-minute walk to Denorval Unthank City Park

About This Home

As of December 2018

Opportunity to own a piece of the hottest neighborhood in Portland. This Mississippi District 4-plex has been updated from top to bottom w/ quality finishes such as new bathrooms, kitchens, windows, lighting, heating systems, refinished hardwood floors & custom built-ins. Opportunity for additional income w/ the garage & huge, unfinished basement. LOW TAXES! 1 block to the heart of Mississippi restaurants, bars & shops.

Last Agent to Sell the Property

Ritchie Metzler

Urban Pacific Real Estate License #200510254 Listed on: 10/18/2018

Co-Listed By

Melinda O'Bannon

Urban Pacific Real Estate License #200606201

Last Buyer's Agent

Jennifer Singer

Keller Williams Sunset Corridor License #200404391

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,180

Year Built

  • Built in 1909

Lot Details

  • 5,009

Parking

  • Garage
  • Controlled Entrance

Home Design

  • Asbestos

Interior Spaces

  • 4-Story Property
  • Storage
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Range

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Deck
  • Level Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,180

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4800
  • Stories: 4
  • Year Built: 1909
  • Property Condition: Restored
  • Remarks Public: Opportunity to own a piece of the hottest neighborhood in Portland. This Mississippi District 4-plex has been updated from top to bottom w/ quality finishes such as new bathrooms, kitchens, windows, lighting, heating systems, refinished hardwood floors & custom built-ins. Opportunity for additional income w/ the garage & huge, unfinished basement. LOW TAXES! 1 block to the heart of Mississippi restaurants, bars & shops.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: CENTRAL ALBINA, BLOCK 19, LOT 12
  • Basement: Full Basement
  • Storage: Basement

Exterior Features

  • Exterior Description: Asbestos
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Heat Pump
  • Heating Description: Mini Split
  • Security: Entry

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Deck, Hardwood Floors, Range, Refrigerator, Storage, Air Conditioning

Schools

  • Elementary School: Boise-Eliot
  • Middle School: Boise-Eliot
  • High School: Grant

Lot Info

  • Lot Description: Level
  • Zoning: R2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 3945.30
  • Assessor Parcel Number: R131117
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 20.89

MLS Schools

  • Elementary School: Boise-Eliot
  • High School: Grant
  • Middle School: Boise-Eliot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2018
Closed on
Dec 12, 2018
Sold by
Marin Courtney
Bought by
Bleecher Snyder Joshua Bleecher and Bleecher Snyder Oriana
Seller's Agent
Ritchie Metzler
Urban Pacific Real Estate
Buyer's Agent
Jennifer Singer
Keller Williams Sunset Corridor
List Price
$1,399,900
Sold Price
$1,300,000
Premium/Discount to List
-$99,900
-7.14%
Current Estimated Value
$1,410,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,258
Avg. Annual Appreciation
2.31%

Purchase Details

Listed on
Oct 18, 2018
Closed on
Nov 2, 2018
Sold by
Marin Courtney
Bought by
Marin Courtney
Seller's Agent
Ritchie Metzler
Urban Pacific Real Estate
Buyer's Agent
Jennifer Singer
Keller Williams Sunset Corridor
List Price
$1,399,900
Sold Price
$1,300,000
Premium/Discount to List
-$99,900
-7.14%

Purchase Details

Closed on
Aug 26, 2015
Sold by
Mcelroy Thomas A
Bought by
Mcelroy Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$755,317
Interest Rate
4.05%
Mortgage Type
VA

Purchase Details

Closed on
Jan 14, 2011
Sold by
Mcelroy Thomas A
Bought by
Mcelroy Thomas A and Thomas Arthur Mcelroy Revocable Living T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2007
Sold by
Mcelroy Thomas A
Bought by
Mcelroy Thomas A and Thomas Arthur Mcelroy Revocable Living T

Purchase Details

Closed on
Oct 17, 2006
Sold by
Mcelroy Thomas A
Bought by
The Thomas Arthur Mcelroy Revocable Tr
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bleecher Snyder Joshua Bleecher $1,300,000 Wfg Title
Bleecher Snyder Joshua Bleecher $1,300,000 Wfg Title
Marin Courtney -- None Available
The Estate Of Thomas Arthur Mcelroy -- None Available
Marin Courtney -- Accommodation
Mcelroy Thomas A -- Old Republic Title Co Of Or
Mcelroy Thomas A -- Ticor Title
Mcelroy Thomas A -- Ticor Title
Mcelroy Thomas A -- None Available
Mcelroy Thomas A -- None Available
The Thomas Arthur Mcelroy Revocable Tr -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcelroy Thomas A $771,237
Previous Owner Mcelroy Thomas A $763,000
Previous Owner Mcelroy Thomas A $755,317
Previous Owner Mcelroy Thomas A $288,550
Previous Owner Mcelroy Thomas A $171,000
Previous Owner Mcelroy Thomas A $117,000
Previous Owner Mcelroy Thomas A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2018 12/14/18 Sold $1,300,000 -7.1% $271 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $1,399,900 -- $292 / 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
2023 $9,180 $333,120 $0 $0
2022 $8,636 $323,420 $0 $0
2021 $8,490 $314,000 $0 $0
2020 $7,788 $304,862 $0 $0
2019 $6,370 $251,340 $0 $0
2018 $6,183 $244,025 $0 $0
2017 $3,945 $157,730 $0 $0
2016 $3,611 $153,140 $0 $0
2015 $3,516 $148,680 $0 $0
2014 $3,463 $144,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ritchie Metzler

    Seller's Agent in 2018

    Ritchie Metzler

    Urban Pacific Real Estate

    (503) 740-2043

    86 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Melinda O'Bannon

    Urban Pacific Real Estate

  • Jennifer Singer

    Buyer's Agent in 2018

    Jennifer Singer

    Keller Williams Sunset Corridor

    (503) 522-2300

    154 Total Sales

    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18433799

Regional Multiple Listing Service (RMLS)

APN: R131117

Oregon Multnomah County Portland 97227 Boise

3932 N Albina Ave Unit 3938, Portland, OR

This home is located at 3932 N Albina Ave Unit 3938, Portland, OR 97227 since 18 October 2018 and is currently estimated at $1,418,059, approximately $295 per square foot. This property was built in 1909. 3932 N Albina Ave Unit 3938 is a home located in Multnomah County with nearby schools including Boise-Eliot Elementary School, Harriet Tubman Middle School, and Jefferson 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.

Nearby Homes