$1,660,000
SOLD JAN 31, 2025

5013 SW View Point Terrace Unit 5025 Portland, OR 97239

South Portland Neighborhood
-- Bed
-- Bath
8,365 Sq Ft
10,018 Sq Ft Lot

Recently Sold

$198 Per Sq Ft

5% Below List Price

122 Days on Market

Highlights

  • River View
  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • 0.23 Acre Lot
  • Paneling
  • 90% Forced Air Heating and Cooling System

About This Home

As of January 2025

Seller will carry a first position loan at terms to be provided! 6.12 Cap Rate! 5 Unit apartment community in the heart of SW Portland, John's Landing & South Portland neighborhood. Minutes to downtown Portland & ideal for owner occupy! The property's 1, 3 & 4 bedroom units feature large floor plans, fully equipped kitchens w/stainless appliances, fireplaces, A/C, in-unit washer & dryer, patios or balconies & attached garages. Photos of Unit 5017 is 1900 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms & river views. Photos of Unit 5021 is 2200 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms and 2 car garage.Minutes to mass transit, freeways, shopping & recreation. Seller financing available, terms to be provided upon request. Additional utility offset paid by tenants $44 per person in each unit. Currently is $704 per month. Most units are nicely updated. Do not disturb tenants, Showing subject to Buyer qualifications and acceptable offer.

Last Agent to Sell the Property

Peter Jameson

J Residential Properties License #200204424 Listed on: 08/27/2024

Co-Listed By

Erin Maher

J Residential Properties License #201205719

Last Buyer's Agent

Peter Jameson

J Residential Properties License #200204424 Listed on: 08/27/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,256

Year Built

  • Built in 1979

Lot Details

  • 10,018 Sq Ft Lot
  • Sloped Lot

Parking

  • 6 Car Garage
  • Off-Street Parking

Property Views

  • River
  • Mountain
  • Valley

Home Design

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

Interior Spaces

  • 8,365 Sq Ft Home
  • 2-Story Property
  • Paneling
  • Finished Basement
  • Natural lighting in basement

Schools

  • Capitol Hill Elementary School
  • Jackson Middle School
  • Ida B Wells High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R285411

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • South Portland Subdivision
  • Property managed by TMG Jordan Miller

Building Details

  • Operating Expense $57,056
  • Gross Income $164,100
  • Net Operating Income $107,044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,256

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Finished
  • Storage: Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Panel,T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Block, ConcretePerimeter
  • View: Yes
  • Lot Features: Sloped
  • Road Surface Type: Concrete
  • Roof: Composition
  • View: Mountain,River,Valley

Garage/Parking

  • Parking Description: Garage, OffStreet
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: CentralAir, WallUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir90, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: TMG Jordan Miller
  • Association: No

Schools

  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: R1
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.0
  • Parcel #: R285411

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 20256.38

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 10.66
  • Annual Gross Income: 164100.0
  • Property Net Operating Income: 107044.0
  • Annual Operating Expense: 57056.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Jan 30, 2025
Sold by
R L G Venture Iii Llc
Bought by
Revoal Jesse and Revoal Briana Ketterer
Seller's Agent
Peter Jameson
J Residential Properties
Buyer's Agent
Peter Jameson
J Residential Properties
List Price
$1,750,000
Sold Price
$1,660,000
Premium/Discount to List
-$90,000
-5.14%
Total Days on Market
122
Views
35
Current Estimated Value
$1,475,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$184,507
Avg. Annual Appreciation
-30.03%
Original Mortgage
$1,370,000
Outstanding Balance
$1,367,620
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$107,873

Purchase Details

Closed on
Mar 1, 2006
Sold by
Glasgow Robert E
Bought by
R L G Venture Iii Llc
Source: Public Records

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Range of Values:

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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 $1,660,000 Wfg Title
Bargain Sale Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,370,000 New Conventional
Previous Owner $250,000 Balloon
Previous Owner $250,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $1,660,000 -5.1% $198 / Sq Ft
12/27/2024 12/27/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $1,750,000 -- $209 / 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
2023 $20,256 $765,150 $0 $0
2022 $19,818 $742,870 $0 $0
2021 $19,482 $721,240 $0 $0
2020 $17,872 $700,240 $0 $0
2019 $17,214 $679,850 $0 $0
2018 $16,708 $660,050 $0 $0
2017 $16,013 $640,830 $0 $0
2016 $14,033 $622,170 $0 $0
2015 $12,523 $604,050 $0 $0
2014 $11,028 $586,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Jameson

    Seller's Agent in 2025

    Peter Jameson

    J Residential Properties

    (503) 407-1526

    2 in this area

    125 Total Sales

    Peter Jameson
    Section Image

  • E

    Seller Co-Listing Agent in 2025

    Erin Maher

    J Residential Properties

    (503) 407-1526

    1 in this area

    88 Total Sales

    Erin Maher
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24024738

Regional Multiple Listing Service (RMLS)

APN: R285411

Oregon Multnomah County Portland 97239 South Portland

5013 SW View Point Terrace Unit 5025, Portland, OR

This home is located at 5013 SW View Point Terrace Unit 5025, Portland, OR 97239 and is currently priced at $1,660,000, approximately $198 per square foot. This property was built in 1979. 5013 SW View Point Terrace Unit 5025 is a home located in Multnomah County with nearby schools including Capitol Hill Elementary School, Jackson Middle School, and Ida B. Wells-Barnett High School.

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