$1,150,000

4428 SE 42nd Ave Unit 4436 Portland, OR 97206

Creston-Kenilworth Neighborhood

Estimated payment $7,025/month

Total Views 5,225
6 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • City View
  • Corner Lot
  • Forced Air Heating System
  • Creston Elementary School Rated 9+
  • Window Unit Cooling System
  • Garage

About This Home

100% occupied with long term renters. Close in 5 plex. Solid rental history. Great investment opportunity. Very well maintained property that has had multiple updates done over the years. 2024 new roof, Very well cared for by a local owner and same family for over 40 years. The front unit is 2-bedroom and has 2 fireplaces (1 gas), city views, finished basement/ bonus area with access to the 2 car garage. All interior pictures were provided by the owner when unit 4430 was last vacant. Large individual storage spaces in roomy basement w/ on-site Coin Meter laundry! Locked owners work space in basement. Great location! Close proximity to Trader Joe's, New Seasons, coffee shops, taverns, Woodstock, Reed College.

Listing Agent

Kenneth Becket

Coldwell Banker Bain Brokerage Phone: 503-590-7340 License #200312163 Listed on: 07/29/2025

Coldwell Banker Bain

Co-Listing Agent

Sharon Dawson

Coldwell Banker Bain Brokerage Phone: 503-590-7340 License #980200164

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,704

Year Built

  • Built in 1959

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Garage
  • On-Street Parking

Schools

  • Creston Elementary School
  • Hosford Middle School
  • Franklin High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • City Views
  • Corner Lot

Listing and Financial Details

  • Assessor Parcel Number R206235

Community Details

Overview

  • 5 Units
  • Creston Kelinworth Subdivision
  • Property managed by Jeff Longacre

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $17,869
  • Gross Income $71,040
  • Net Operating Income $53,171

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,704

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Year Built: 1959
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 1150000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, PartiallyFinished, StorageSpace
  • Storage: Basement,IndividualStorageUnits
  • Total Bedrooms: 6
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick,VinylSiding,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: Garage, OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Security: None
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Jeff Longacre
  • Management Phone: 503-708-7341
  • Community Features: Laundry

Schools

  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: CM1
  • Parcel #: R206235

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 11704.44

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 16.19
  • Annual Gross Income: 71040.0
  • Property Net Operating Income: 53171.0
  • Annual Operating Expense: 17869.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2025 07/29/25 For Sale $1,150,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 612402859

Regional Multiple Listing Service (RMLS)

APN: 1S2E07CC 14100

Oregon Multnomah County Portland 97202 Creston-Kenilworth

4428 SE 42nd Ave Unit 4436, Portland, OR

For Sale

MultiFamily

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Kenneth Becket
Listing Agent
Kenneth Becket
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Coldwell Banker Bain
(503) 461-4031