NOT LISTED FOR SALE

4036 N Albina Ave Unit 4038 Portland, OR 97227

Boise Neighborhood

Estimated Value: $705,420 - $887,000

4 Beds
4 Baths
2,520 Sq Ft
$311/Sq Ft Est. Value

Last Sold May 02, 2023

Last sale price $815,000 $323 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,881/month

5 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • 3-minute walk to Denorval Unthank City Park
  • Green Certified Home

About This Home

As of May 2023

Swanky side-by-side 70s duplex one block off of vibrant Mississippi Ave! Each townhouse-style unit features 3 bedrooms, 1.5 baths, in-unit laundry, off-street parking, and individual yards. Private storage shed with power on one side. Fresh exterior paint, professional management w/care, solid rental history. Add this excellent cash-flowing investment to your portfolio or live in one comfortable unit and offset your mortgage with rental income. Blocks from Lovely's 50/50, Eem, & the best of PDX. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10213389]

Last Agent to Sell the Property

Kim Parmon

Living Room Realty License #201215094 Listed on: 03/22/2023

Living Room Realty

Last Buyer's Agent

JJ Hewitt

Cloud City Realty License #201231452

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,932

Year Built

  • Built in 1970

Lot Details

  • 5,009

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Boise-Eliot Elementary School
  • Harriet Tubman Middle School
  • Grant High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Green Certified Home
  • Level Lot

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R131101

Community Details

Overview

  • 2 Units
  • Boise Eliot Subdivision
  • Property managed by Living Room Property Mgmt

Building Details

  • Operating Expense $17,082
  • Gross Income $56,940
  • Net Operating Income $39,858

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,932

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1970
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits,None
  • High School2: Grant
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Aluminum
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Living Room Property Mgmt
  • Management Phone: 503-830-3583

Schools

  • Elementary School: Boise-Eliot
  • High School: Jefferson
  • Middle Or Junior School: Harriet Tubman

Lot Info

  • Zoning: RM1
  • Parcel #: R131101

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6932.17

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.29
  • Annual Gross Income: 56940.0
  • Property Net Operating Income: 39858.0
  • Annual Operating Expense: 17082.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Apr 3, 2023
Sold by
Stephanie N Noble Revocable Living Trust
Bought by
Rutland Crystal Lee
Seller's Agent
Kim Parmon
Living Room Realty
Buyer's Agent
JJ Hewitt
Cloud City Realty
List Price
$699,900
Sold Price
$815,000
Premium/Discount to List
$115,100
16.45%
Views
41
Current Estimated Value
$783,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,895
Avg. Annual Appreciation
-1.71%
Original Mortgage
$651,950
Outstanding Balance
$634,505
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$148,600

Purchase Details

Listed on
Oct 8, 2016
Closed on
Dec 6, 2016
Sold by
Peterson Adam S
Bought by
Noble Stephanie N and Stephanie N Noble Revocable Living Trust
Seller's Agent
Janeese Jackson
Real Estate Resource
Buyer's Agent
Michelle Koury
Windermere Realty Trust
List Price
$599,000
Sold Price
$646,000
Premium/Discount to List
$47,000
7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%
Original Mortgage
$484,500
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2008
Sold by
Housing Authority Of Portland
Bought by
Peterson Adam S and Peterson Trisha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Rutland Crystal Lee $815,000 First American Title
Noble Stephanie N $646,000 Wfg Title
Peterson Adam S $320,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rutland Crystal Lee $651,950
Previous Owner Noble Stephanie N $475,100
Previous Owner Noble Stephanie N $484,500
Previous Owner Peterson Adam S $266,000
Previous Owner Peterson Adam S $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2023 05/02/23 Sold $815,000 +16.4% $323 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $699,900 +8.3% $278 / Sq Ft
12/09/2016 12/09/16 Sold $646,000 +7.8% $256 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
10/08/2016 10/08/16 For Sale $599,000 -- $238 / 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 $7,369 $275,410 -- --
2023 $7,085 $267,390 $0 $0
2022 $6,932 $259,610 $0 $0
2021 $6,815 $252,050 $0 $0
2020 $6,252 $244,710 $0 $0
2019 $6,022 $237,590 $0 $0
2018 $5,845 $230,670 $0 $0
2017 $5,602 $223,960 $0 $0
2016 $5,127 $217,440 $0 $0
2015 $4,992 $211,110 $0 $0
2014 $4,917 $204,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Parmon

    Seller's Agent in 2023

    Kim Parmon

    Living Room Realty

    (503) 438-5101

    1 in this area

    169 Total Sales

    Kim Parmon
    Section Image
  • JJ Hewitt

    Buyer's Agent in 2023

    JJ Hewitt

    Cloud City Realty

    (503) 502-0379

    1 in this area

    33 Total Sales

    JJ Hewitt
    Section Image

  • J

    Seller's Agent in 2016

    Janeese Jackson

    Real Estate Resource

  • Michelle Koury

    Buyer's Agent in 2016

    Michelle Koury

    Windermere Realty Trust

    (503) 970-5092

    129 Total Sales

    Michelle Koury
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23222307

Regional Multiple Listing Service (RMLS)

APN: R131101

Oregon Multnomah County Portland 97227 Boise

4036 N Albina Ave Unit 4038, Portland, OR

This home is located at 4036 N Albina Ave Unit 4038, Portland, OR 97227 since 22 March 2023 and is currently estimated at $783,105, approximately $310 per square foot. This property was built in 1970. 4036 N Albina Ave Unit 4038 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.

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