$575,000
SOLD DEC 30, 2024
-- Bed
-- Bath
1,673 Sq Ft
5,662 Sq Ft Lot

Recently Sold

$344 Per Sq Ft

93 Days on Market

Highlights

  • River View
  • Forced Air Heating System
  • 1 Car Garage
  • Property is near a bus stop
  • Baseboard Heating
  • High Speed Internet

About This Home

As of December 2024

Charming Duplex in University Park, PortlandLocated in the desirable University Park neighborhood, this unique property offers a blend of classic charm and modern convenience, perfect for a variety of living arrangements. The main unit is a spacious 2-bedroom, 1-bathroom home, encompassing 1,673 sq/ft, including a full basement. The living space features beautiful hardwood floors, creating a warm and inviting atmosphere, while the large backyard offers ample room for outdoor activities and includes an enclosed garden/sun room, ideal for enjoying Portland’s seasons year-round.The upper unit is a 760 sq/ft studio apartment, fully remodeled with Luxury Vinyl Plank flooring, providing a contemporary touch. This space is perfect for rental income, guest accommodation, or a private retreat for extended family members.Additional features of this property include a single-car garage with a driveway that comfortably accommodates two more vehicles, ensuring plenty of parking. The property is being sold AS-IS, offering an excellent opportunity for those looking to invest in a property with great potential.Located less than a mile from the University of Portland, this home is perfectly situated for those seeking proximity to the university, local shops, parks, and public transportation. Whether you’re looking for a solid investment property or a versatile living space with rental potential, this duplex in University Park is a must-see!

Last Agent to Sell the Property

Sidney Smith

eXp Realty, LLC Brokerage Phone: 503-924-9645 License #201230496 Listed on: 09/10/2024

eXp Realty, LLC

Co-Listed By

Rebecca Smith

eXp Realty, LLC Brokerage Phone: 503-924-9645 License #201219340

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,906

Year Built

  • Built in 1944 | Remodeled

Parking

  • 1 Car Garage
  • Driveway

Property Views

  • River
  • City
  • Valley

Home Design

  • Slab Foundation
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,673 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Astor Elementary And Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • 5,662 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number R307602

Community Details

Overview

  • 2 Units
  • University Park Subdivision

Building Details

  • Operating Expense $12,000
  • Gross Income $37,200
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,906

Year Built

Built in 1944 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1944
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, PartiallyFinished
  • Storage: Basement,Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: OnBusline, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City,River,Valley

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable,FiberOptics
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Astor
  • High School: Roosevelt
  • Middle Or Junior School: Astor

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.0
  • Parcel #: R307602

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6906.1
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.46
  • Annual Gross Income: 37200.0
  • Property Net Operating Income: 25200.0
  • Annual Operating Expense: 12000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2024
Closed on
Dec 27, 2024
Sold by
Smith Cathy Rae
Bought by
Tortoise Holdings Llc
Seller's Agent
Sidney Smith
eXp Realty, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$575,000
Sold Price
$575,000
Views
50
Current Estimated Value
$586,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,139
Avg. Annual Appreciation
0.96%
Original Mortgage
$517,500
Outstanding Balance
$516,016
Interest Rate
6.78%
Mortgage Type
Seller Take Back
Estimated Equity
$62,552

Purchase Details

Closed on
Oct 7, 2014
Sold by
Smith Cathy Rae
Bought by
Smith Cathy Rae and Hulit Vernon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.08%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in Portland, OR

  • 9832 N Clarendon Ave Unit 9836, Portland, OR 97203

    $675,000

    • 4 Beds
    • 4 Baths
    • 2,864 Sq Ft
    • 9832 N Clarendon Ave
    • Unit 9836
    • Portland, OR

    Charming Duplex with Bonus Basement Unit in the Heart of St. JohnsNestled in the vibrant St. Johns neighborhood, this versatile duplex presents a fantastic opportunity for both homeowners and investors. Each side of the duplex offers 1 spacious bedroom and 1 full bathroom, with light-filled, open-concept living areas that blend comfort and functionality—perfect for families, professionals, or

    Rebecca Smith eXp Realty, LLC

    Section Image
  • 7480 SW Taylors Ferry Rd, Portland, OR 97223

    $519,000

    • 3 Beds
    • 3 Baths
    • 7480 SW Taylors Ferry Rd
    • Portland, OR

    LOCATION! LOCATION! Washington County Taxes! Formally operating Duplex with 3 Bedrooms & 3 Full Baths (2 bedroom, 2 full bath with W/D hookups upstairs & Lower level is plumbed for kitchenette with 1 bedroom & 1 full bath with W/D in garage). Easy conversion if you would like to own a live in home with full ADU below. Or live as a 3 bedroom + 3 full bath. Recent home inspection on file. Roof &

    Jodi Huot Soldera Properties, Inc

    Section Image
  • 15541 E Burnside St, Portland, OR 97233

    $450,000

    • 4 Beds
    • 2 Baths
    • 15541 E Burnside St
    • Portland, OR

    Incredible investment opportunity in SE Portland! This beautifully maintained duplex offers two spacious 2-bedroom, 1-bath units, each featuring hardwood floors, cozy fireplaces, and updated kitchens with all appliances included. Recent upgrades include fresh interior paint, all new windows, new roof, and added new insulation and in both the attic and crawlspace for energy efficiency. Crawl space

    Nick Shivers Keller Williams PDX Central

    Section Image
  • 15557 E Burnside St, Portland, OR 97233

    $450,000

    • 4 Beds
    • 2 Baths
    • 15557 E Burnside St
    • Portland, OR

    Incredible investment opportunity in SE Portland! This beautifully maintained duplex offers two spacious 2-bedroom, 1-bath units, each featuring hardwood floors, cozy fireplaces, and updated kitchens with all appliances included. Recent upgrades include fresh interior paint, all new windows, new roof, and added new insulation and in both the attic and crawlspace for energy efficiency. Crawl space

    Nick Shivers Keller Williams PDX Central

    Section Image
  • 5215 N Willis Blvd Unit 5219, Portland, OR 97203

    $514,995

    • 3 Beds
    • 2 Baths
    • 1,519 Sq Ft
    • 5215 N Willis Blvd
    • Unit 5219
    • Portland, OR

    Discover a fantastic investment opportunity with this charming duplex located in the vibrant NoPo/St. Johns area of Portland, Oregon! Perfectly situated close to schools and just minutes from the bustling center of St. Johns, this property offers both convenience and potential.Set on a desirable corner lot, the duplex features off-street parking for both units, ensuring easy access for tenants

    Kevin Smallbeck RE/MAX Equity Group

    Section Image
  • 2817 N Bryant St, Portland, OR 97217

    $600,000

    • 2 Beds
    • 2 Baths
    • 1,584 Sq Ft
    • 2817 N Bryant St
    • Portland, OR

    Excellent Arbor Lodge Duplex with room to grow. Own and rent or justpurchase as an investment, this property has a great cash flow history.Both of these, one-bedroom and one-bath units, with an unfinishedbasement have recently been renovated and are ready to move in. Awonderful opportunity to live on one side and rent the other unit forhelp with the mortgage. Recently painted and with refinished

    Patrick Clark Inhabit Real Estate

    Section Image
  • 2407 N Rosa Parks Way, Portland, OR 97217

    $580,000

    • 4 Beds
    • 2 Baths
    • 1,940 Sq Ft
    • 2407 N Rosa Parks Way
    • Portland, OR

    New Price! Arbor Lodge recently updated Duplex with modern finishes, in-unit laundry, and mini splits. 2407 Rosa Parks is a 550 SQFT 2 Bed, 1 bath with luxury vinyl floors, mini split efficient heating and cooling, and in-unit laundry stack. 6507 N Boston is 650 SQFT + a 740 SQFT basement for storage or extra living space. 1 Bedroom + Den/Office or second bedroom. This duplex is fresh and ready

    Jarrin Benson eXp Realty, LLC

    Section Image
  • 7058 N Greenwich Ave, Portland, OR 97217

    $575,000

    • 4 Beds
    • 2 Baths
    • 1,984 Sq Ft
    • 7058 N Greenwich Ave
    • Portland, OR

    This charming and versatile 3-level home in the sought after Arbor Lodge neighborhood has everything you need and then some! Close to Fred Meyer, New Seasons, Max Transit and Interstate 5, you will love the location. Step inside the front door and be greeted to a bright and cheery large living room with vibrant wood floors and a gas fireplace. To the right, through French doors, is an equally

    Terry Long Oregon First

    Section Image
  • 7003 N Tyler Ave Unit 7007, Portland, OR 97203

    $495,000

    • 4 Beds
    • 2 Baths
    • 1,556 Sq Ft
    • 7003 N Tyler Ave
    • Unit 7007
    • Portland, OR

    Discover a rare investment gem in North Portland! This well-maintained duplex offers two bright and spacious units—each with 2 bedrooms, 1 bathroom, and open-concept living areas that balance comfort and functionality. Perfectly positioned in a desirable neighborhood, the property is moments from parks, local eateries, and convenient transit options. Whether you're an investor looking for strong

    Patrick Clark Inhabit Real Estate

    Section Image

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 Type Sale Price Title Company
Warranty Deed $575,000 Lawyers Title
Warranty Deed $575,000 Lawyers Title
Bargain Sale Deed -- Lawyers Title
Interfamily Deed Transfer -- Wfg Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $517,500 Seller Take Back
Closed $517,500 Seller Take Back
Previous Owner $85,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $575,000 0.0% $344 / Sq Ft
12/12/2024 12/12/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $575,000 -- $344 / 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 $6,906 $258,120 -- --
2023 $6,906 $250,610 $0 $0
2022 $6,497 $243,320 $0 $0
2021 $6,387 $236,240 $0 $0
2020 $5,859 $229,360 $0 $0
2019 $5,644 $222,680 $0 $0
2018 $5,123 $202,170 $0 $0
2017 $4,910 $196,290 $0 $0
2016 $4,493 $190,580 $0 $0
2015 $4,375 $185,030 $0 $0
2014 $4,310 $179,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24336256

Regional Multiple Listing Service (RMLS)

APN: R307602