NOT LISTED FOR SALE

4128 N Michigan Ave Portland, OR 97217

Boise Neighborhood

Estimated Value: $885,000 - $1,847,075

-- Bed
5 Baths
5,941 Sq Ft
$237/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $2,030,000 $342 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $8,856/month

27 Days on Market

Highlights

  • City View
  • Lap Siding
  • Mini Split Heat Pump
  • Under Construction

About This Home

As of October 2021

Investors 2 modern townhomes w/luxury finishes in highly desirable NoPo neighborhood. Walk to Mississippi shops/cafes/restaurants. Top level is perfect for entertaining featuring a family room w/wet bar, bath & rooftop deck w/stunning City view. Each townhome has 2 rentable units (est rents): main house 3/3.1 w/rooftop deck 3,500/mo plus ground level ADU. 4128 ADU 2/1 1,900/mo. 4130 ADU 2/2 2,300/mo OR potentially 2 leasable areas total 3,700/mo buyer to verify. Photos/videos of 4124 N Michigan.

Last Agent to Sell the Property

Brian Eustis

MORE Realty License #200412129 Listed on: 06/09/2021

MORE Realty

Last Buyer's Agent

Tim Roberts

Keller Williams PDX Central License #930600051

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,388

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 1,655

Home Design

  • Flat Roof Shape
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 5,941 Sq Ft Home
  • 4-Story Property
  • City Views
  • Finished Basement
  • Apartment Living Space in Basement

Schools

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

Utilities

  • No Cooling
  • Mini Split Heat Pump

Listing and Financial Details

  • Assessor Parcel Number R680451

Community Details

Overview

  • 4 Units
  • Boise Subdivision

Building Details

  • Operating Expense $30,240
  • Gross Income $151,200
  • Net Operating Income $120,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,388

Year Built

Built in 2021 | Under Construction

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 4
  • Year Built: 2021
  • Property Condition: UnderConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, SeparateLivingQuartersApartmentAuxLivingUnit
  • High School2: Jefferson
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: Yes
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Flat
  • View: City

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tankless
  • Cooling: Other
  • Cooling Y N: No
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RM1
  • Parcel #: R680451
  • Assessor Parcel Number 2: R680450

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 1.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.55
  • Annual Gross Income: 151200.0
  • Property Net Operating Income: 120960.0
  • Annual Operating Expense: 30240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Sep 17, 2021
Sold by
Sfa Commercial Llc
Bought by
Ellas Farm Llc
Seller's Agent
Brian Eustis
MORE Realty
Buyer's Agent
Tim Roberts
Keller Williams PDX Central
List Price
$2,048,900
Sold Price
$2,030,000
Premium/Discount to List
-$18,900
-0.92%
Current Estimated Value
$1,429,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$600,975
Avg. Annual Appreciation
-10.12%
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
Ellas Farm Llc $2,030,000 Wfg Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Citycraft Development Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $2,030,000 -0.9% $342 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $2,048,900 -- $345 / 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 $12,388 $449,520 $0 $0
2022 $11,653 $436,420 $0 $0
2021 $8,060 $298,110 $0 $0
2020 $7,394 $289,429 $0 $0
2019 $4,233 $167,028 $0 $0
2018 $2,106 $83,110 $0 $0
2017 $2,018 $80,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Eustis

    Seller's Agent in 2021

    Brian Eustis

    MORE Realty

    (503) 490-4001

    2 in this area

    110 Total Sales

    Section Image
  • Tim Roberts

    Buyer's Agent in 2021

    Tim Roberts

    Keller Williams PDX Central

    (503) 548-4848

    1 in this area

    17 Total Sales

    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21281595

Regional Multiple Listing Service (RMLS)

APN: R680451

Oregon Multnomah County Portland 97217 Boise

4128 N Michigan Ave, Portland, OR

This home is located at 4128 N Michigan Ave, Portland, OR 97217 since 09 June 2021 and is currently estimated at $1,409,019, approximately $237 per square foot. This property was built in 2021. 4128 N Michigan Ave 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