NOT LISTED FOR SALE

5255 NE 21st Ave Portland, OR 97211

Vernon Neighborhood

Estimated Value: $819,000 - $885,020

4 Beds
4 Baths
3,626 Sq Ft
$232/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $820,000 $226 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,962/month

8 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • 4-minute walk to Alberta Park

About This Home

As of October 2022

Large craftsman duplex in the heart of the Alberta Arts district. Very large units with tons of charm and nicely updated kitchens and bathrooms. Hardwoods, fireplace, large front porch, excellent location, great tenants and strong rental history. Professionally managed. Room for additional income in unused basement space and remodeled 2-car garage. Don't miss this opportunity for a great investment property in one of Portland's trendiest neighborhoods.

Last Agent to Sell the Property

Rambo Halpern

Premiere Property Group, LLC License #200310218 Listed on: 07/28/2022

Co-Listed By

Ayumi Yanome

Premiere Property Group, LLC License #201234499

Last Buyer's Agent

Tyler Horst

Summa Real Estate Group License #201218421

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,452

Year Built

  • Built in 1907 | Remodeled

Lot Details

  • 5,009

Parking

  • Detached Garage

Home Design

  • 3,626 Sq Ft Home
  • Composition Roof
  • Concrete Perimeter Foundation

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Vernon Elementary And Middle School
  • Leodis Mcdaniel High School

Utilities

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

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R295013

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $14,312
  • Gross Income $53,468
  • Net Operating Income $39,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,452

Year Built

Built in 1907 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1907
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, FullBasement, PartiallyFinished
  • Storage: Basement,Garage
  • High School2: Leodis McDaniel
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Aluminum
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Detached, Garage
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Vernon
  • High School: Jefferson
  • Middle Or Junior School: Vernon

Lot Info

  • Zoning: r2.5
  • Parcel #: R295013

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4452.26

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.59
  • Annual Gross Income: 53468.0
  • Property Net Operating Income: 39155.0
  • Annual Operating Expense: 14312.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Aug 8, 2022
Sold by
Rsg Llc
Bought by
Davis Neville
Seller's Agent
Rambo Halpern
Premiere Property Group, LLC
Buyer's Agent
Tyler Horst
Summa Real Estate Group
List Price
$779,900
Sold Price
$820,000
Premium/Discount to List
$40,100
5.14%
Current Estimated Value
$839,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,755
Avg. Annual Appreciation
0.24%
Original Mortgage
$778,947
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2016
Sold by
Robb Greg
Bought by
Rsg Llc

Purchase Details

Closed on
Jan 18, 2014
Sold by
Halpern Rambo
Bought by
Robb Gregory M and Robb Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2012
Sold by
Rsg Llc
Bought by
Halpern Rambo and Robb Sara

Purchase Details

Closed on
Dec 30, 2005
Sold by
Halpern Rambo
Bought by
Rsg Llc

Purchase Details

Closed on
Mar 26, 2005
Sold by
Robb Sara
Bought by
Halpern Rambo and Robb Gregory M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
5.53%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 29, 2004
Sold by
Robertson Theodore M
Bought by
Robb Sara and Robb Greg M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
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
Davis Neville $820,000 First American Title
Rsg Llc -- None Available
Robb Gregory M -- Fidelity Natl Title Co Of Or
Halpern Rambo -- Accommodation
Rsg Llc -- None Available
Halpern Rambo -- Pacific Nw Title
Robb Sara $215,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Neville $778,947
Previous Owner Robb Gregory M $352,025
Previous Owner Robb Gregory M $296,000
Previous Owner Taylor M Duane $165,000
Previous Owner Halpern Rambo $266,250
Previous Owner Robb Sara $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $820,000 +5.1% $226 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $779,900 -- $215 / 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
2023 $4,629 $174,690 $0 $0
2022 $4,529 $169,610 $0 $0
2021 $4,452 $164,670 $0 $0
2020 $4,084 $159,880 $0 $0
2019 $3,934 $155,230 $0 $0
2018 $3,819 $150,710 $0 $0
2017 $3,660 $146,330 $0 $0
2016 $3,350 $142,070 $0 $0
2015 $3,262 $137,940 $0 $0
2014 $3,213 $133,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rambo Halpern

    Seller's Agent in 2022

    Rambo Halpern

    Premiere Property Group, LLC

    (503) 473-4127

    1 in this area

    59 Total Sales

    Rambo Halpern
    Section Image
  • Ayumi Yanome

    Seller Co-Listing Agent in 2022

    Ayumi Yanome

    Premiere Property Group, LLC

    (503) 473-4126

    1 in this area

    41 Total Sales

    Ayumi Yanome
    Section Image
  • Tyler Horst

    Buyer's Agent in 2022

    Tyler Horst

    Summa Real Estate Group

    (503) 956-8104

    2 in this area

    133 Total Sales

    Tyler Horst
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22560154

Regional Multiple Listing Service (RMLS)

APN: R295013

Oregon Multnomah County Portland 97211 Vernon

5255 NE 21st Ave, Portland, OR

This home is located at 5255 NE 21st Ave, Portland, OR 97211 since 28 July 2022 and is currently estimated at $839,755, approximately $231 per square foot. This property was built in 1907. 5255 NE 21st Ave is a home located in Multnomah County with nearby schools including Vernon Elementary School, Jefferson High School, and Leodis V. McDaniel High 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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