$780,000

5105 5109 SE Tibbetts St Portland, OR 97206

Richmond Neighborhood

Estimated payment $4,878/month

Total Views 15,192
5 Beds
3 Baths
3,420 Sq Ft
$228 Price per Sq Ft

Highlights

  • Seasonal View
  • Corner Lot
  • No HOA
  • 2 Fireplaces
  • Private Yard
  • Porch

About This Home

Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.6% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. DND Tenants.

Listing Agent

Michael Kafoury

Urban Nest Realty License #201228697 Listed on: 05/05/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,700

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 5,662 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Private Yard
  • Property is zoned R2.5

Parking

  • 3 Car Garage
  • Carport
  • Driveway
  • Off-Street Parking

Home Design

  • Composition Roof
  • Shake Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,420 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Natural Light
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Seasonal Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Accessible Home Design

  • Accessibility Features
  • Accessible Parking

Outdoor Features

  • Porch

Schools

  • Creston Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Richmond Subdivision

Listing and Financial Details

  • Assessor Parcel Number R142608

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,700

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 1956
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • Open House: Yes
  • Special Features: None

Interior Features

  • Accessibility Features: NaturalLighting, Parking
  • Total Bathrooms: 3.0
  • Fireplaces: 2
  • Interior Amenities: Laundry
  • Basement: FullBasement, PartiallyFinished
  • Window Features: VinylFrames
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 2
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 2.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt5000to6999
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: ShakeSiding
  • Exterior Features: Porch, Yard
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Seasonal

Garage/Parking

  • Garage Type: Carport
  • Parking Description: Driveway, OffStreet
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: Sidewalk
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: R2.5
  • Land Lease: No
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.0
  • Parcel #: R142608

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 4912

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6700.1

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
2023 $6,700 $243,130 $0 $0
2022 $6,303 $236,050 $0 $0
2021 $6,196 $229,180 $0 $0
2020 $5,684 $222,514 $0 $0
2019 $5,303 $209,230 $0 $0
2018 $5,147 $203,140 $0 $0
2017 $4,933 $197,230 $0 $0
2016 $4,515 $191,490 $0 $0
2015 $4,397 $185,920 $0 $0
2014 $4,330 $180,510 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 For Sale $780,000 -- $228 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $599,000 Fidelity National Ttl Of Or
Warranty Deed $330,000 Chicago Title Insurance Comp
Warranty Deed $235,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $588,150 FHA
Previous Owner $229,000 New Conventional
Previous Owner $215,270 New Conventional
Previous Owner $199,000 Unknown
Previous Owner $50,000 Credit Line Revolving
Previous Owner $180,000 Fannie Mae Freddie Mac
Previous Owner $188,000 Fannie Mae Freddie Mac
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 554544251

Regional Multiple Listing Service (RMLS)

APN: R142608