NOT LISTED FOR SALE

5215 SE Division St Unit 5217 Portland, OR 97206

Mount Tabor Neighborhood

Estimated Value: $703,000 - $868,000

4 Beds
2 Baths
3,200 Sq Ft
$243/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $790,000 $247 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,789/month

155 Days on Market

Highlights

  • 5 Car Attached Garage
  • Landscaped with Trees
  • Baseboard Heating
  • Atkinson Elementary School Rated 10
  • Property is near a bus stop
  • 5-minute walk to Clinton Park

About This Home

As of May 2024

Investor's Dream! Over $110k in improvements!!!!! Ultra low maintenance income property. Charming designer duplex in South Tabor/Richmond neighborhood right on the SE Division bus line, a short walk or drive to everything and everywhere in Portland. Great income or 1031 exchange property with terrific long-time 11+ year tenants in one unit. Very rare large square footage, each unit is on 2 levels and features 3 bedroom + 1 bath configuration with lovely fireplaces, in-unit laundry and easy flowing floorplan with dining area, living room and additional family/bonus room for entertaining. Private outdoor patio spaces are great for relaxation, grilling and planting. Each unit also features an attached single garage plus driveway parking for an additional vehicle. Both units recently went through complete remodel with brand new two toned kitchens, appliances, baths, paint inside and out, shades, front siding, garage doors and openers, hardware and much more. 5215 is vacant and in impeccable condition, available for tours and immediate owner occupancy or new tenants. 5217 is occupied, and tours of the unit will be made available to buyers with written offers. Comes with all appliances, profitable rent roll and everything for you to be a successful landlord or occupying owner. Possible to convert and add another 1 bedroom unit for AirBNB. The block is ripe for big redevelopment in 5-10 years. Walk and Bike scores are both at 92!!!

Last Agent to Sell the Property

Benjamin Page

Coldwell Banker Bain Brokerage Phone: License #201234875 Listed on: 11/08/2023

Coldwell Banker Bain

Last Buyer's Agent

Michele DesCombes-Stone

Keller Williams Realty Professionals License #201204624

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,997

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 4,051

Parking

  • 5 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Tar and Gravel Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Shingle Siding
  • Metal Siding
  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property

Finished Basement

  • Exterior Basement Entry
  • Natural lighting in basement

Schools

  • Richmond Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • High Speed Internet

Additional Features

  • Landscaped with Trees
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number R174378

Community Details

Overview

  • 2 Units
  • South Tabor Subdivision

Building Details

  • Operating Expense $12,000
  • Gross Income $55,560
  • Net Operating Income $43,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,997

Year Built

Built in 1972 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1972
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, ExteriorEntry, Finished
  • Storage: Garage
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Brick,MetalSiding,Plywood,ShingleSiding,WoodComposite,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: Block, ConcretePerimeter, Slab
  • View: No
  • Lot Features: OnBusline, Trees
  • Road Surface Type: Concrete, Paved
  • Roof: TarGravel

Garage/Parking

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

Utilities

  • Energy Efficiency Features: DoublePaneWindows,ENERGYSTARQualifiedAppliances
  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Internet Service Type: Cable,DSL
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Atkinson
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor
  • Elementary School #2: Richmond

Lot Info

  • Zoning: RM1
  • Parcel #: R174378
  • Assessor Parcel Number 2: R346101210

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 7997.48

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.4
  • Annual Gross Income: 55560.0
  • Property Net Operating Income: 43560.0
  • Annual Operating Expense: 12000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
May 7, 2024
Sold by
Peter M Wenzel Revocable Trust and Benjamin Y Page Revocable Trust
Bought by
Stiassni John C
Seller's Agent
Benjamin Page
Coldwell Banker Bain
Buyer's Agent
Michele DesCombes-Stone
Keller Williams Realty Professionals
List Price
$799,999
Sold Price
$790,000
Premium/Discount to List
-$9,999
-1.25%
Views
126
Current Estimated Value
$776,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,208
Avg. Annual Appreciation
-1.16%
Original Mortgage
$671,500
Outstanding Balance
$661,922
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$114,870

Purchase Details

Closed on
Dec 19, 2023
Sold by
Wenzel Peter M
Bought by
Peter M Wenzel Revocable Trust and Wenzel

Purchase Details

Listed on
Aug 8, 2019
Closed on
Sep 11, 2019
Sold by
Mcclurkan Todd Allen
Bought by
Wenzel Peter
Seller's Agent
Jaime Arb Haessig
Think Real Estate
Buyer's Agent
Fred Mueller
Premiere Property Group, LLC
List Price
$555,000
Sold Price
$555,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$149,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 11, 2016
Sold by
Mcclurkan Todd
Bought by
Mcclurkan Todd Allen and Todd Allen Mcclurkan Revocable Trust

Purchase Details

Closed on
Aug 20, 2015
Sold by
Mcclurkan Todd A
Bought by
Mcclurkan Todd and Mcclurkan Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 2, 2012
Closed on
Feb 9, 2012
Sold by
Elizabeth Lauri
Bought by
Mcclurkan Todd A
Seller's Agent
ERIK LEE
Now Realty Group
Buyer's Agent
Jaime Arb Haessig
Think Real Estate
List Price
$365,000
Sold Price
$345,000
Premium/Discount to List
-$20,000
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$231,400
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2007
Sold by
Elizabeth Lauri
Bought by
Elizabeth Lauri and Blouke Morley M

Purchase Details

Closed on
Jul 27, 2007
Sold by
Falconer Nancy J
Bought by
Elizabeth Lauri and Blouke Morley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,400
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2003
Sold by
Falconer Nancy J
Bought by
James M Falconer Nonmarital Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Stiassni John C $790,000 Fidelity National Title
Peter M Wenzel Revocable Trust -- None Listed On Document
Wenzel Peter $555,000 Fidelity Natl Ttl Co Of Or
Mcclurkan Todd Allen -- None Available
Mcclurkan Todd -- Old Republic Title
Mcclurkan Todd A $356,000 First American
Elizabeth Lauri -- None Available
Elizabeth Lauri $338,000 Fidelity Natl Title Co Of Or
James M Falconer Nonmarital Trust $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stiassni John C $671,500
Previous Owner Wenzel Peter $149,000
Previous Owner Mcclurkan Todd $315,000
Previous Owner Mcclurkan Todd A $231,400
Previous Owner Elizabeth Lauri $270,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2024 05/14/24 Sold $790,000 -1.2% $247 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $799,999 0.0% $250 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
11/08/2023 11/08/23 For Sale $799,999 +44.1% $250 / Sq Ft
09/18/2019 09/18/19 Sold $555,000 0.0% $306 / Sq Ft View Prior Sale
08/15/2019 08/15/19 Pending -- -- --
08/08/2019 08/08/19 For Sale $555,000 +60.9% $306 / Sq Ft
02/10/2012 02/10/12 Sold $345,000 -5.5% $96 / Sq Ft View Prior Sale
01/08/2012 01/08/12 Pending -- -- --
01/02/2012 01/02/12 For Sale $365,000 -- $101 / 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
2024 $8,574 $320,470 -- --
2023 $8,574 $311,140 $0 $0
2022 $8,066 $302,080 $0 $0
2021 $7,930 $293,290 $0 $0
2020 $7,275 $284,757 $0 $0
2019 $6,433 $253,820 $0 $0
2018 $6,244 $246,430 $0 $0
2017 $5,985 $239,260 $0 $0
2016 $5,477 $232,300 $0 $0
2015 $5,333 $225,540 $0 $0
2014 $5,253 $218,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Page

    Seller's Agent in 2024

    Benjamin Page

    Coldwell Banker Bain

    (626) 390-1806

    1 in this area

    6 Total Sales

    Benjamin Page
    Section Image
  • Michele DesCombes-Stone

    Buyer's Agent in 2024

    Michele DesCombes-Stone

    Keller Williams Realty Professionals

    (503) 546-9955

    1 in this area

    101 Total Sales

    Michele DesCombes-Stone
    Section Image
  • Jaime Arb Haessig

    Seller's Agent in 2019

    Jaime Arb Haessig

    Think Real Estate

    (503) 730-7205

    1 in this area

    44 Total Sales

    Jaime Arb Haessig
    Section Image
  • Fred Mueller

    Buyer's Agent in 2019

    Fred Mueller

    Premiere Property Group, LLC

    (971) 272-5479

    5 Total Sales

    Fred Mueller
    Section Image

  • E

    Seller's Agent in 2012

    ERIK LEE

    Now Realty Group

    (503) 453-6564

    23 Total Sales

    ERIK LEE
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23502095

Regional Multiple Listing Service (RMLS)

APN: R174378

Oregon Multnomah County Portland 97206 Mount Tabor

5215 SE Division St Unit 5217, Portland, OR

This home is located at 5215 SE Division St Unit 5217, Portland, OR 97206 since 08 November 2023 and is currently estimated at $776,792, approximately $242 per square foot. This property was built in 1972. 5215 SE Division St Unit 5217 is a home located in Multnomah County with nearby schools including Atkinson Elementary School, Franklin High School, and St Ignatius School.

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