$870,000

5103 NE 42nd Ave Unit 5115 Portland, OR 97218

Concordia Neighborhood

Estimated payment $5,158/month

Total Views 1,699
6 Beds
3 Baths
2,603 Sq Ft
$334 Price per Sq Ft

Highlights

  • Landscaped
  • Baseboard Heating
  • 1-Story Property
  • Forced Air Heating System
  • Level Lot

About This Home

Calling all investors! Triplex in vibrant NE location! 5101, 5103 & 5115 NE 42nd Ave Three -- 2 bdrm/1 bath units w/approx. 800 sf each. New to investing? Live in one unit/rent out two. Seasoned investor? Take advantage of immediate income and future development potential with Portland's SDC waiver. 2 of 3 units with full remodels, gas furnace & water heater. Huge 100' X 100' level lot, covered parking & garbage, lg grassy area. Fantastic location just steps from pubs, pizza, pastries, coffee, tacos and so much more! Easy access to freeways & transit. Convenient to hot Concordia & Alberta Arts neighborhoods. Do not walk property or disturb tenants.

Listing Agent

Heidi Torkko

Real Broker Brokerage Email: Heidi@HeidiTorkko.com License #200901094 Listed on: 10/21/2025

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,758

Year Built

  • Built in 1946 | Remodeled

Lot Details

  • Lot Dimensions are 100 x 100
  • Landscaped
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,603 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • Vernon Elementary And Middle School
  • Grant High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number R181102

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $21,665
  • Gross Income $41,100
  • Net Operating Income $19,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,758

Year Built

Built in 1946 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1946
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 870000.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: Vernon
  • High School: Grant
  • Middle Or Junior School: Vernon

Lot Info

  • Zoning: RM2
  • Lot Size: 100 x 100
  • Parcel #: R181102

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 6758.34

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 21.17
  • Annual Gross Income: 41100.0
  • Property Net Operating Income: 19435.0
  • Annual Operating Expense: 21665.0

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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Average Value
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List Price
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
2025 $6,758 $250,820 -- --
2024 $6,515 $243,520 -- --
2023 $6,265 $236,430 $0 $0
2022 $6,130 $229,550 $0 $0
2021 $6,026 $222,870 $0 $0
2020 $5,528 $216,380 $0 $0
2019 $5,325 $210,080 $0 $0
2018 $5,168 $203,970 $0 $0
2017 $4,953 $198,030 $0 $0
2016 $4,533 $192,270 $0 $0
2015 $4,414 $186,670 $0 $0
2014 $4,348 $181,240 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2025 10/21/25 For Sale $870,000 -- $334 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 407658043

Regional Multiple Listing Service (RMLS)

APN: R181102

Oregon Multnomah County Portland 97211 Concordia

5103 NE 42nd Ave Unit 5115, Portland, OR

For Sale

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Heidi Torkko
Listing Agent
Heidi Torkko
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Real Broker
(503) 563-2353