Fantastic turnkey fourplex centrally located in NE Portland. Each unit features hard wood floors, timeless tile finishes, and charming craftsman built ins. In the basement, there is untapped potential with high ceilings and more space to finish. Collect extra income from the coin operated laundry and private storage units. Three garages included and plenty of off street parking. Great location, walking distance to Peninsula Park and New Seasons Market!
Rent includes ground maintenance, sewer, trashcollection, water
Assessor Parcel Number R199277
Community Details
Overview
4 Units
Piedmont Subdivision
Amenities
Laundry Facilities
Building Details
Operating Expense $16,670
Gross Income $63,240
Net Operating Income $46,570
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,727
Year Built
Built in 1944
Lot Details
0
Parking
3
Listing Details
Standard Status: Closed
MLS Status: Sold
Property Type: MultiFamily
Year Built: 1944
Property Condition: Approximately
Property Attached Yn: No
Open House: No
Special Features: VirtualTour
Property Sub Type: MultiFamily
Interior Features
Basement: FullBasement, PartiallyFinished
Storage: Basement
Lot Size Range: SqFt7000to9999
Exterior Features
Exterior Description: WoodSiding
Lot Size: 7,000 to 9,999 SqFt
Foundation Details: ConcretePerimeter
View: No
Lot Features: CornerLot
Roof: Composition
Garage/Parking
Parking Description: Driveway, Open
Attached Garage: No
Garage Spaces: 3.0
Total Parking Spaces: 3.0
Utilities
Fuel Description: Gas
Hot Water: Electricity,Gas
Cooling Y N: No
Heating: ForcedAir
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Condo/Co-op/Association
Community Features: Laundry
Schools
Elementary School: Chief Joseph
High School: Jefferson
Middle Or Junior School: Ockley Green
Lot Info
Zoning: RM2h
Lot Size Acres: 0.17
Lot Size Sq Ft: 7405.0
Parcel #: R199277
Green Features
Green Certification: No
Rental Info
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water
Tax Info
Tax Deferral: No
Tax Year: 2023
Tax Annual Amount: 6726.68
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Number Of Units Total: 4
Gross Rent Multiplier: 13.44
Annual Gross Income: 63240.0
Property Net Operating Income: 46570.0
Annual Operating Expense: 16670.0
Ownership History
DateNameOwned ForOwner Type
Dec 2024 - PresentStout Christa Thoeresz5 Months
Private Individual
Purchase Details
Listed on
Oct 3, 2024
Closed on
Dec 26, 2024
Sold by
Seeker Properties Llc
Bought by
Stout Christa Thoeresz
Seller's Agent
Melissa Dorman
Living Room Realty
Buyer's Agent
Andy Meeks
Living Room Realty
List Price
$850,000
Sold Price
$850,000
Total Days on Market
33
Views
18
Current Estimated Value
$858,248
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,248
Avg. Annual Appreciation
2.44%
Original Mortgage
$807,500
Outstanding Balance
$805,415
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$52,833
Dec 2022 - Dec 2024Seeker Properties Llc2 Years
Company
Purchase Details
Closed on
Dec 2, 2022
Sold by
Keller Peter J
Bought by
Seeker Properties Llc
Nov 2016 - Dec 2022Keller Peter J and Thome Jason6 Years and 1 Month
Private Individual
Purchase Details
Closed on
Nov 8, 2016
Sold by
Seeker Properties Llc
Bought by
Keller Peter J and Thome Jason
Dec 2010 - Nov 2016Seeker Properties Llc5 Years and 11 Months
Company
Purchase Details
Closed on
Dec 23, 2010
Sold by
Keller Peter J
Bought by
Seeker Properties Llc
Feb 2010 - Dec 2010Keller Peter J10 Months
Private Individual
Purchase Details
Closed on
Feb 23, 2010
Sold by
Hall Mark H
Bought by
Keller Peter J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.97%
Mortgage Type
New Conventional
Oct 2006 - Feb 2010Hall Mark H and Hall Debbie3 Years and 4 Months
Private Individual
Purchase Details
Closed on
Oct 6, 2006
Sold by
Hall Mark H
Bought by
Hall Mark H and Hall Debbie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Mar 2006 - Oct 2006Hall Mark H7 Months
Private Individual
Purchase Details
Closed on
Mar 29, 2006
Sold by
Wicht Julia I
Bought by
Hall Mark H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.52%
Mortgage Type
Credit Line Revolving
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Tax AssessmentTax 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.
This home is located at 407 N Rosa Parks Way Unit 415, Portland, OR 97217 and is currently priced at $850,000, approximately $312 per square foot. This property was built in 1944. 407 N Rosa Parks Way Unit 415 is a home located in Multnomah County with nearby schools including Chief Joseph Elementary School, Ockley Green, and Jefferson High School.
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