5215 N Willis Blvd Unit 5219 Portland, OR 97203
Portsmouth NeighborhoodEstimated payment $3,061/month
Highlights
- Wood Flooring
- Forced Air Heating System
- 1-Story Property
- Corner Lot
- Wood Siding
About This Home
With a brand new 30 year roof, 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!
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
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,322 | $160,400 | -- | -- |
| 2024 | $4,167 | $155,730 | -- | -- |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2025 06/22/25 | For Sale | $514,995 | 0.0% | $339 / Sq Ft |
| 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 |
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 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $127,200 | Purchase Money Mortgage | |
| Previous Owner | $106,000 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 325493717
APN: R248929
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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