$495,000
$55K PRICE DROP

4822 SE 73rd Ave Unit 4824 Portland, OR 97206

Foster-Powell Neighborhood

Estimated payment $3,080/month

Total Views 12,142
4 Beds
2 Baths
1,405 Sq Ft
$352 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Level Lot
  • Zoned Heating
  • Laundry Facilities
  • 1-Story Property

About This Home

Prime Investment Opportunity: One-Level Duplex Near Key Amenities. This well-maintained, one-level duplex offers great potential for investors or owner-occupiers looking for a comfortable living space in a prime location. Each unit features: New LVP Flooring for durability and modern style. Kitchen includes refrigerator, built-in dishwasher, and range. Washer & Dryer Hookups for convenience. Storage Unit for each unit for additional space. Exterior: Freshly painted for a clean, modern look. Prime Location: Close to Thuan Phat Supermarket, Highway 205, and a variety of other stores. Nearby hospitals and local amenities provide excellent convenience. Basement Potential – There’s an opportunity to convert the basement into a third room, adding even more value to the property. Buyer to do their due diligence. This duplex is an excellent investment opportunity in a highly sought-after area. Unit 4822 is currently vacant and available for viewing. Unit 4824 is tenant-occupied, please do not disturb the tenant.

Listing Agent

Van Do

Premiere Property Group, LLC License #201258436 Listed on: 02/17/2025

Premiere Property Group, LLC

Co-Listing Agent

Michelle Burbank

Premiere Property Group, LLC License #201225580

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,712

Year Built

  • Built in 1979

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,405 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Driveway
  • On-Street Parking

Schools

  • Marysville Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R163222

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foster Powell Neighborhood Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $6,402
  • Gross Income $31,200
  • Net Operating Income $24,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,712

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1979
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 495000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement,IndividualStorageUnits
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

  • Elementary School: Marysville
  • High School: Franklin
  • Middle Or Junior School: Kellogg

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R163222

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5712.32

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.87
  • Annual Gross Income: 31200.0
  • Property Net Operating Income: 24798.0
  • Annual Operating Expense: 6402.0

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

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
2025 $5,925 $219,900 -- --
2024 $5,712 $213,500 -- --
2023 $5,712 $207,290 $0 $0
2022 $5,374 $201,260 $0 $0
2021 $5,283 $195,400 $0 $0
2020 $4,847 $189,710 $0 $0
2019 $4,668 $184,190 $0 $0
2018 $4,531 $178,830 $0 $0
2017 $4,343 $173,630 $0 $0
2016 $3,975 $168,580 $0 $0
2015 $3,689 $163,670 $0 $0
2014 $3,533 $158,910 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2025 08/21/25 Price Changed $495,000 -2.9% $352 / Sq Ft
05/16/2025 05/16/25 Price Changed $510,000 -7.3% $363 / Sq Ft
02/17/2025 02/17/25 For Sale $550,000 -- $391 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $270,000 Wfg Title
Bargain Sale Deed -- Lawyers Title Ins
Interfamily Deed Transfer -- Accommodation
Warranty Deed $203,000 First American Title Insuran
Individual Deed $135,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,000 New Conventional
Previous Owner $155,800 Purchase Money Mortgage
Previous Owner $152,000 Purchase Money Mortgage
Previous Owner $106,000 Seller Take Back
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 296256155

Regional Multiple Listing Service (RMLS)

APN: R163222