$2,500,000

Estimated payment $13,775/month

Total Views 49
3 Beds
2 Baths
13,500 Sq Ft
$185 Price per Sq Ft

Highlights

  • Seasonal Waterfront
  • River View
  • Outdoor Storage
  • Sunset Primary School Rated A
  • 1.02 Acre Lot
  • Landscaped

About This Home

Riverview Heights presents a rare opportunity to acquire a 10-unitresidential income property in one of the Portland Metro’s most desirable and supply-constrained communities. West Linn’s constrained geography, top-rated schools, and consistent demand make it an exceptionally difficult market to replicate entry into.The property’s most distinctive feature is its six separate tax lots, a structural advantage unavailable in conventional multifamily product. Units can be sold individually over time, repositioned as owner-occupied housing, or transferred as part of estate and succession planning, giving investors a built-in exit strategy that adds long-term optionality to near-term cash flow.Each residence offers 3 bedrooms, 1.5 baths, private yards and decks, in-unit washer/dryer hookups, and dedicated parking — a combination that attracts stable, long-term tenants and supports below-market turnover. The uniform floor plan across all ten units keeps operations simple and management efficient.With immediate access to I-205 and SR-43, residents enjoy seamless connectivity to Lake Oswego, downtown Portland, and the broader South Metro. Riverview Heights is the kind of asset that rarely trades: quality housing in a premier submarket, with the flexibility to hold for income, sell units individually, or transfer wealth to the next generation, entirely on your terms.

Listing Agent

Jordan Fezler

Apex Residential License #201225534 Listed on: 07/14/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,263

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 1.02 Acre Lot
  • Seasonal Waterfront
  • River Front
  • Landscaped
  • Gentle Sloping Lot

Property Views

  • River
  • Mountain

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 13,500 Sq Ft Home
  • 3-Story Property
  • Natural lighting in basement
  • Security Lights

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 20 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Outdoor Storage

Schools

  • Sunset Elementary School
  • Rosemont Ridge Middle School
  • West Linn High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 00413948

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $86,247
  • Gross Income $255,300
  • Net Operating Income $156,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,263

Year Built

Built in 1972 | Remodeled

Lot Details

1.02 Acres

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1972
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 2500000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight
  • Storage: Deck
  • Total Bedrooms: 3
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: GentleSloping
  • Road Surface Type: Paved
  • Waterfront Features: RiverFront, Seasonal
  • Disclosures: Exempt
  • Roof: Flat
  • View: Mountain,River

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 20.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity,Gas
  • Internet Service Type: Cable
  • Security: SecurityLights
  • Cooling: Other
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: Sunset
  • High School: West Linn
  • Middle Or Junior School: Rosemont Ridge

Lot Info

  • Zoning: R-4.5
  • Lot Size Acres: 1.02
  • Lot Size Sq Ft: 44431.0
  • Parcel #: 00413948

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3262.88
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 9.79
  • Annual Gross Income: 255300.0
  • Property Net Operating Income: 156288.0
  • Annual Operating Expense: 86247.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8 $453 $453
2024 $19 $1,003
2023 $19 $974 $0 $0
2022 $18 $946 $0 $0
2021 $17 $919 $0 $0
2020 $17 $893 $0 $0
2019 $17 $867 $0 $0
2018 $16 $842 $0 $0
2017 $15 $817 $0 $0
2016 $15 $793 $0 $0
2015 $14 $770 $0 $0
2014 $14 $748 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2026 07/14/26 For Sale $2,500,000 0.0% $185 / Sq Ft
03/22/2024 03/22/24 Price Changed $2,200 +11.4% $2 / Sq Ft
03/21/2024 03/21/24 For Rent $1,975 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $1,900,000 Wfg Title
Warranty Deed $1,270,000 Wfg Title
Warranty Deed $157,000 Ticor Title Insurance
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,400,000 Commercial
Previous Owner $937,500 Construction
Previous Owner $125,600 Commercial
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 440162462

Regional Multiple Listing Service (RMLS)

APN: 00413993

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