$595,000
$5K PRICE DROP

Estimated payment $3,416/month

Total Views 34,404
6 Beds
4 Baths
1,974 Sq Ft
$301 Price per Sq Ft

Highlights

  • Cul-De-Sac
  • Green Certified Home
  • Wood Siding
  • Baseboard Heating
  • Level Lot
  • 1-Story Property

About This Home

*** ASTONISHING CASH FLOW *** OVER 9% CAP RATE *** This amazing cash flow is a rare find. HURRY NOW BEFORE THIS GREAT DEAL IS GONE!!! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available with as little as zero down for veterans or 3.5% and 5% down options for most other owner occupants and possible help for the 5%. Investor loan available with as little as 10% down. Hurry quick! This won't last!!! [Home Energy Score = 6. HES Report at

Listing Agent

Jason Kennedy

RE/MAX Equity Group License #200501139 Listed on: 02/06/2025

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 1933

Lot Details

  • 4,791 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Cul-De-Sac
  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,974 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Off-Street Parking

Eco-Friendly Details

  • Green Certified Home

Schools

  • Prescott Elementary School
  • Parkrose Middle School
  • Parkrose High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R235741

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $12,223
  • Gross Income $66,734
  • Net Operating Income $54,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,170

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1933
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Lot Size Range: SqFt5000to6999

Exterior Features

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

Garage/Parking

  • Parking Description: Driveway, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Prescott
  • High School: Parkrose
  • Middle Or Junior School: Parkrose

Lot Info

  • Zoning: CM2
  • Lot Size Acres: 0.11
  • Lot Size: 50 x 100
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R235741

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2170.1
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 8.92
  • Annual Gross Income: 66734.0
  • Property Net Operating Income: 54511.0
  • Annual Operating Expense: 12223.0

Map

Range of Values:

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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
2024 $2,170 $95,980 -- --
2023 $2,170 $93,190 $0 $0
2022 $2,040 $90,480 $0 $0
2021 $2,006 $87,850 $0 $0
2020 $1,863 $85,300 $0 $0
2019 $1,763 $82,820 $0 $0
2018 $1,703 $80,410 $0 $0
2017 $1,641 $78,070 $0 $0
2016 $1,584 $75,800 $0 $0
2015 $1,553 $73,600 $0 $0
2014 $1,521 $71,460 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 Price Changed $595,000 -0.8% $301 / Sq Ft
02/17/2025 02/17/25 For Sale $600,000 0.0% $304 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
02/06/2025 02/06/25 For Sale $600,000 0.0% $304 / Sq Ft
06/07/2022 06/07/22 For Rent $1,050 0.0% --
12/17/2021 12/17/21 For Rent $1,050 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 First American Title
Warranty Deed $265,000 First American
Warranty Deed $95,000 First American
Quit Claim Deed $5,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 No Value Available
Open $298,125 New Conventional
Previous Owner $188,000 Unknown
Previous Owner $95,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Jason Kennedy

RE/MAX Equity Group

(971) 396-5635

Section Image

Jason is committed to excellence and to providing professional, result-driven service. His dedication to the highest ethical standards is the foundation from which a solid business relationship is built.

The Kennedy Team is made up of Jason Kennedy and Matt Kennedy and their office administrator Teri. Combined they have over 60 years of experience and Jason and Matt are consistently among the top producing agents in their office. This includes 2024 #1 Oregon RE/MAX Commerical Team and

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  • 19155 SE Yamhill St Unit 16, Portland, OR 97233

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 796374130

Regional Multiple Listing Service (RMLS)

APN: R235741