$1,470,000

4921 SW 59th Ave Portland, OR 97221

Bridlemile Neighborhood

Estimated payment $9,352/month

Total Views 276
6 Beds
6 Baths
7,224 Sq Ft
$203 Price per Sq Ft

Highlights

  • No HOA
  • Cul-De-Sac
  • Landscaped with Trees
  • Bridlemile Elementary School Rated A-
  • Storage
  • Floor Furnace

About This Home

**Must-See Investment Property!** 1-7 Units This fantastic opportunity features 7 units, each taxed individually, and is being sold all together. Currently, 3 units are vacant and ready for a new buyer to either prepare for individual sale or rent as investment units. All units feature fireplaces, 2 bedrooms, 1.5 baths, with balconies off the living areas and upper bedrooms. Each unit is equipped with gas furnaces and includes two storage sheds on the back balconies. W/D hook ups are in each unit in upper bathroom. The property backs up to trees and a neighboring yard, offering some privacy and greenery.There is a large parking area to the side of the building, along with street parking and designated spaces for each unit. The property is situated on a quiet end street, adding to its appeal.Don't miss out on this great investment opportunity!

Listing Agent

Tim Benintendi

Affinity Group, Inc. License #890600296 Listed on: 08/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,243

Year Built

  • Built in 1981

Lot Details

  • Cul-De-Sac
  • Landscaped with Trees

Home Design

  • Converted Dwelling
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 7,224 Sq Ft Home
  • 2-Story Property
  • Storage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 7 Parking Spaces
  • Driveway
  • Assigned Parking

Schools

  • Bridlemile Elementary School
  • Robert Gray Middle School
  • Ida B Wells High School

Utilities

  • No Cooling
  • Floor Furnace
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R269301

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Operating Expense $24,000
  • Gross Income $53,400
  • Net Operating Income $29,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,243

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1981
  • Property Condition: Converted
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Attached
  • Total Bedrooms: 6
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Aluminum,VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Cul_de_sac, Trees
  • Road Surface Type: Paved
  • Roof: Shingle

Garage/Parking

  • Parking Description: Assigned, Driveway
  • Attached Garage: No
  • Total Parking Spaces: 7.0

Utilities

  • Fuel Description: Gas,WoodBurning
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: FloorFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Bridlemile
  • High School: Ida B Wells
  • Middle Or Junior School: Robert Gray

Lot Info

  • Zoning: R2
  • Parcel #: R269301

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 19243.0
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 27.53
  • Annual Gross Income: 53400.0
  • Property Net Operating Income: 29400.0
  • Annual Operating Expense: 24000.0

Map

Range of Values:

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Average Value
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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 $2,749 $102,120 -- $102,120
2024 $2,650 $99,150 -- $99,150
2023 $2,549 $96,270 $0 $96,270
2022 $2,494 $93,470 $0 $0
2021 $2,451 $90,750 $0 $0
2020 $2,249 $88,110 $0 $0
2019 $2,166 $85,550 $0 $0
2018 $2,102 $83,060 $0 $0
2017 $2,015 $80,650 $0 $0
2016 $1,844 $78,310 $0 $0
2015 $1,796 $76,030 $0 $0
2014 $1,722 $73,820 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2025 08/10/25 For Sale $1,470,000 -- $203 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 225311212

Regional Multiple Listing Service (RMLS)

APN: R269301

Oregon Multnomah County Portland 97221 Bridlemile

4921 SW 59th Ave, Portland, OR

For Sale

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Nearby Homes
Listing Agent
Tim Benintendi
Section Image
Affinity Group, Inc.
(971) 626-6397