$849,900
PENDING $100K PRICE DROP

Estimated payment $5,269/month

Total Views 2,883
6 Beds
5 Baths
2,930 Sq Ft
$290 Price per Sq Ft

Highlights

  • Mini Split Air Conditioners
  • Green Certified Home
  • Lap Siding
  • Landscaped
  • Level Lot
  • Mini Split Heat Pump

About This Home

HUGE PRICE ADJUSTMENT Double the Fun in Foster-Powell! A rare opportunity to own two separate homes on one lot. Whether you're looking for a solid investment, live-and-rent setup, or space for extended friends and family this dynamic duo delivers flexibility with a proven track record in one of Portland’s most convenient inner SE neighborhoods. Built in 2019, this well-designed duo offers modern construction, solid finishes, and high performing rental history. Each home is fully detached with its own utilities, fully fenced private yard, covered porch, and off-street parking, living like two private residences. The front house has been renting for $5,400/ mo. and is 2,072 sq ft of stylish, sun-filled living. Soaring 10’ ceilings, hardwood floors, and an open layout make the home feel inviting. The kitchen features quartz countertops, stainless steel appliances, and an oversized island with eat-in seating—perfect for everyday living or entertaining. Upstairs offers four spacious bedrooms, including a large primary suite with walk-in closet and en suite bath. Outside, enjoy low-maintenance landscaping and a dog run. The ADU rents bring in $33k a year. The 858 sq ft standalone home offers garage, raised garden beds, and fenced yard. The open floor plan includes hardwood floors, quartz countertops, stainless appliances, and a half bath on the main. Upstairs features two sizable bedrooms and a full bath. Walk score 88, bike score 95. Tucked on a peaceful street next to Marysville School near cafes, restaurants, shops, and major upgrades like the Holgate Library and Mt. Scott Community Center. A true unicorn property - two full homes, one smart move! Seller is a licensed broker in Oregon.

Listing Agent

Heidi Hopfer

Neighbors Realty Brokerage Phone: 503-444-9338 License #201234880 Listed on: 06/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,778

Year Built

  • Built in 2019

Lot Details

  • Landscaped
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 2,930 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Eco-Friendly Details

  • Green Certified Home

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R685987

Community Details

Overview

  • 2 Units
  • Foster Powell Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $19,835
  • Gross Income $89,415
  • Net Operating Income $68,403

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,778

Year Built

Built in 2019

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2019
  • 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: CementSiding,LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Commons

Schools

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

Lot Info

  • Zoning: R2.5
  • Parcel #: R685987

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Electricity, Heat, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7777.82

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 9.51
  • Annual Gross Income: 89415.0
  • Property Net Operating Income: 68403.0
  • Annual Operating Expense: 19835.0

Map

Range of Values:

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Average Value
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Sold Price
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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 $7,778 $290,700 -- --
2023 $7,778 $282,240 $0 $0
2022 $7,317 $274,020 $0 $0
2021 $7,193 $266,040 $0 $0
2020 $6,599 $258,300 $0 $0
2019 $7,367 $290,656 $0 $0
2018 $872 $34,400 $0 $0
2017 $835 $33,400 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2025 08/17/25 Pending -- -- --
07/17/2025 07/17/25 Price Changed $849,900 -10.5% $290 / Sq Ft
06/18/2025 06/18/25 For Sale $950,000 +58.3% $324 / Sq Ft
02/22/2019 02/22/19 Sold $600,000 -7.6% $220 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
11/14/2017 11/14/17 For Sale $649,000 -- $238 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 Fidelity National Title Of O
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $475,000 New Conventional
Closed $480,000 New Conventional
Previous Owner $450,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 486211768

Regional Multiple Listing Service (RMLS)

APN: R685987