$514,995
PENDING $10K PRICE DROP

5215 N Willis Blvd Unit 5219 Portland, OR 97203

Portsmouth Neighborhood

Estimated payment $3,080/month

Total Views 7,432
3 Beds
2 Baths
1,519 Sq Ft
$339 Price per Sq Ft

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-Story Property
  • Corner Lot
  • Wood Siding

About This Home

Discover a fantastic investment opportunity with this charming duplex located in the vibrant NoPo/St. Johns area of Portland, Oregon! Perfectly situated close to schools and just minutes from the bustling center of St. Johns, this property offers both convenience and potential.Set on a desirable corner lot, the duplex features off-street parking for both units, ensuring easy access for tenants and guests alike. With a solid rental history and managed by RMS Property Management, this property has proven to be a reliable income generator, boasting a net cap rate of 5.3%.Each unit is designed for comfort and functionality, making it appealing to a wide range of renters. The proximity to local amenities, parks, and public transportation enhances its desirability, ensuring consistent demand.Whether you're an experienced investor or looking to enter the rental market, this duplex presents a unique opportunity to own a well-maintained property in a thriving neighborhood. Don’t miss your chance to capitalize on this income-producing gem in Portland’s NoPo/St. Johns area!

Listing Agent

Kevin Smallbeck

RE/MAX Equity Group License #981000145 Listed on: 01/26/2025

RE/MAX Equity Group

Co-Listing Agent

Michael Shelangoski

RE/MAX Equity Group License #201214581

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,167

Year Built

  • Built in 1956

Lot Details

  • 5,662 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,519 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Cesar Chavez Elementary And Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R248929

Community Details

Overview

  • 2 Units
  • Property managed by RMS

Building Details

  • Operating Expense $5,162
  • Gross Income $33,240
  • Net Operating Income $28,078

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,167

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1956
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 3
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: VinylSiding,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: RMS

Schools

  • Elementary School: Cesar Chavez
  • High School: Roosevelt
  • Middle Or Junior School: Cesar Chavez

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.0
  • Parcel #: R248929

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4166.64

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.49
  • Annual Gross Income: 33240.0
  • Property Net Operating Income: 28078.0
  • Annual Operating Expense: 5162.0

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
2023 $4,007 $151,200 $0 $0
2022 $3,920 $146,800 $0 $0
2021 $3,854 $142,530 $0 $0
2020 $3,535 $138,380 $0 $0
2019 $3,405 $134,350 $0 $0
2018 $3,305 $130,440 $0 $0
2017 $3,168 $126,650 $0 $0
2016 $2,899 $122,970 $0 $0
2015 $2,823 $119,390 $0 $0
2014 $2,781 $115,920 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Pending -- -- --
05/19/2025 05/19/25 Price Changed $514,995 -1.9% $339 / Sq Ft
02/21/2025 02/21/25 For Sale $524,995 0.0% $346 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
01/26/2025 01/26/25 For Sale $524,995 -- $346 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $279,900 Ticor Title Company
Warranty Deed $159,000 Multiple
Warranty Deed $132,500 Fidelity National Title Co
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $127,200 Purchase Money Mortgage
Previous Owner $106,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 325493717

Regional Multiple Listing Service (RMLS)

APN: R248929

Oregon Multnomah County Portland 97203 Portsmouth

5215 N Willis Blvd Unit 5219, Portland, OR

This home is located at 5215 N Willis Blvd Unit 5219, Portland, OR 97203 and is currently priced at $514,995, approximately $339 per square foot. This property was built in 1956. 5215 N Willis Blvd Unit 5219 is a home located in Multnomah County with nearby schools including Cesar Chavez School, Roosevelt High School, and Holy Cross Catholic School.

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Kevin Smallbeck
Listing Agent
Kevin Smallbeck
Section Image
RE/MAX Equity Group
(503) 683-8563