NOT LISTED FOR SALE

522 N Adair St Cornelius, OR 97113

-- Bed
-- Bath
-- Sq Ft
1 Acres

Last Sold June 17, 2024

Last sale price $2,792,500

48 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • High Speed Internet
  • Property is near a bus stop
  • Laundry Facilities
  • 3-minute walk to Water Park

About This Home

As of June 2024

DO NOT DISTURB TENANTS!!! Interior showings subject to acceptable offer. Management on-site. Property includes 6 tax lots, almost two acres. Two tax lots are include 6 units between N Adair and Baseline. Four tax lots are the corner of N Adair & 4th include 21 units. Opportunity to increase number of units available.

Last Agent to Sell the Property

Peter Jameson

J Residential Properties License #200204424 Listed on: 02/05/2024

Co-Listed By

Erin Maher

J Residential Properties License #201205719

Last Buyer's Agent

Chris Shepard

Uptown Properties, LLC License #201012092

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,919

Year Built

  • Built in 1977

Lot Details

  • 1 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1-Story Property
  • Crawl Space

Parking

  • 50 Parking Spaces
  • Open Parking
  • Off-Site Parking

Location

  • Property is near a bus stop

Schools

  • Cornelius Elementary School
  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R751528

Community Details

Building Details

  • Operating Expense $54,000
  • Gross Income $240,732
  • Net Operating Income $186,732

Additional Features

  • 27 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,919

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1977
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: Cedar,LapSiding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level, OnBusline
  • Road Surface Type: Gravel, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffSite, Open
  • Attached Garage: No
  • Total Parking Spaces: 50.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,Satellite
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Cornelius
  • High School: Forest Grove
  • Middle Or Junior School: Neil Armstrong

Lot Info

  • Zoning: C2-A2
  • Lot Size Acres: 1.0
  • Lot Size Sq Ft: 43560.0
  • Parcel #: R751528
  • Assessor Parcel Number 2: R751537
  • Assessor Parcel Number 3: R751500

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 16918.76

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 27
  • Gross Rent Multiplier: 12.46
  • Annual Gross Income: 240732.0
  • Property Net Operating Income: 186732.0
  • Annual Operating Expense: 54000.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Sold $2,792,500 -6.9% --
03/25/2024 03/25/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $3,000,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Peter Jameson

    Seller's Agent in 2024

    Peter Jameson

    J Residential Properties

    (503) 407-1526

    121 Total Sales

    Peter Jameson
    Section Image

  • E

    Seller Co-Listing Agent in 2024

    Erin Maher

    J Residential Properties

    (503) 407-1526

    88 Total Sales

    Erin Maher
    Section Image
  • Chris Shepard

    Buyer's Agent in 2024

    Chris Shepard

    Uptown Properties, LLC

    (503) 941-0276

    15 Total Sales

    Chris Shepard
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24267281

Regional Multiple Listing Service (RMLS)
Oregon Washington County Cornelius 97113

522 N Adair St, Cornelius, OR

This home is located at 522 N Adair St, Cornelius, OR 97113 since 05 February 2024. This property was built in 1977. 522 N Adair St is a home located in Washington County with nearby schools including Cornelius Elementary School, Neil Armstrong Middle School, and Tom McCall Upper Elementary School.

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.

Regional Multiple Listing Service (RMLS) 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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