Investment opportunity in the heart of the hopping, hip Alberta Arts District!Great first time investment property to start your portfolio - units rentquickly when vacated. Back unit has new floors, a fresh coat of paint & isvacant - prime for an owner-occupied situation. Each unit has off-streetparking, private fenced patio area & laundry hookup. Blocks to restaurants,bus-lines, Concordia University. Walkscore 87 and Bikescore 79!
Remarks Public: Investment opportunity in the heart of the hopping, hip Alberta Arts District!Great first time investment property to start your portfolio - units rentquickly when vacated. Back unit has new floors, a fresh coat of paint & isvacant - prime for an owner-occupied situation. Each unit has off-streetparking, private fenced patio area & laundry hookup. Blocks to restaurants,bus-lines, Concordia University. Walkscore 87 and Bikescore 79!
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Legal Description: VERNON, BLOCK 12, LOT 15
Basement: Crawl Space
Exterior Features
Exterior Description: Metal Siding
Lot Size: 5,000 to 6,999 SqFt
Roof Type: Composition
Garage/Parking
Garage Or Parking Spaces: 2
Parking Description: Attached, Paved
Utilities
Fuel Description: Electricity
Hot Water: Electricity
Sewer: Public Sewer
Water Description: Public
Heating Description: Zoned
Condo/Co-op/Association
Management Name: Kathy Brainard, PPI
Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
Schools
Elementary School: Vernon
Middle School: Vernon
High School: Jefferson
School High2: Madison
Lot Info
Lot Description: Level
Zoning: R 2.5
Rental Info
Rent Includes: Trash Collection, Sewer, Water
Tax Info
Tax Amount: 3298.22
Assessor Parcel Number: R294971
Tax Year: 2017
Multi Family
Unit Type: 1, 2
Number Of Units Total: 2
Gross Rent Multiplier: 15.18
MLS Schools
Elementary School: Vernon
High School: Jefferson
Middle School: Vernon
Ownership History
DateNameOwned ForOwner Type
Nov 2018 - PresentMartin Katie L6 Years and 7 Months
Private Individual
Purchase Details
Listed on
Jun 15, 2018
Closed on
Nov 19, 2018
Sold by
Watson Judith J and Matranga Watson Susan M
Bought by
Martin Katie L
Seller's Agent
Allison Ellermeier
Neighbors Realty
Buyer's Agent
David Columbus
Living Room Realty
List Price
$530,000
Sold Price
$500,000
Premium/Discount to List
-$30,000
-5.66%
Total Days on Market
109
Current Estimated Value
$626,584
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,584
Avg. Annual Appreciation
3.76%
Original Mortgage
$425,000
Interest Rate
4.9%
Mortgage Type
New Conventional
Feb 2015 - Nov 2018Matranga Watson Family Trust3 Years and 9 Months
Private Individual
Purchase Details
Closed on
Feb 11, 2015
Sold by
Watson Judith J
Bought by
Matranga Watson Family Trust
Nov 2004 - Feb 2015Watson Judith J and Matranga Watson Susan M10 Years and 3 Months
Private Individual
Purchase Details
Closed on
Nov 22, 2004
Sold by
Genesis Family Properties Llc
Bought by
Watson Judith J and Matranga Watson Susan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,240
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Jan 2003 - Nov 2004Genesis Family Properties Llc1 Year and 10 Months
Company
Purchase Details
Closed on
Jan 24, 2003
Sold by
The Rodolph C Girtman Revocable Trust
Bought by
Genesis Family Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.96%
Mortgage Type
Balloon
Dec 2002 - Jan 2003Girtman Rodolph C1 Month
Private Individual
Purchase Details
Closed on
Dec 23, 2002
Sold by
Marckx Ed
Bought by
Girtman Rodolph C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Fabulous, hard to find, well built duplex in popular Cedar Mill location. Just blocks to Providence/St Vincent. (Not busy or loud, tucked away down private drive).Great separation and back unit has a big private deck. Many recent updates include, New roof, Remodeled bathrooms, bedrooms, kitchen and living rooms. New chimney, New deck and new fence. Both units offer fireplaces, hardwoods, open
Patti GageBerkshire Hathaway HomeServices NW Real Estate
Charming 1948 duplex in the desirable Vernon neighborhood, offering two units each with 2 bedrooms and 1 bathroom, one of the bedrooms located on the main floor. Each unit features 800 sq ft of living space, with a partially finished basement providing ample storage or potential for expansion. Situated on a 5,000 sq ft lot, the property includes a built-in garage and off-street parking.
Rare opportunity to own a property with unique charm and modern updates! Featuring an original wood-burning fireplace, this duplex was fully remodeled in 2020 and is move-in ready. Currently rented at $1,900 and $1,400 per month, it offers flexibility for multi-generational living or investment purposes. Each unit has its own entrance, appliances, and washer/dryer setup. Additionally, the
Turnkey flexible investment opportunity in NE Portland! Fully upgraded in 2020, this home features two separate living spaces. Basement unit has its own entrance, kitchen, backyard, and laundry room. Perfect for anyone looking to add an income-generating property to your portfolio in this high demand rental market with long-term tenants already in place or for anyone looking to live in one unit
Amazing, quiet location but mere steps to hot spots in lower NE Portland! DUPLEX is in Excellent condition with perfect tenants! All plumbing was replaced with PEX supply lines in 2022. 35-year Roof was installed in 2023. Cadet wall heaters were replaced in 2024 with new units that include digital thermostats. New washer & dryer in Unit A (2023) and Unit B (2024). Separate sub-water meter
These originally designed units are 2 bed, 1 bath, with 1,296 SF including separate unfinished basements with the potential for another bed and bath for each unit. These townhome-style units have wood floors and cozy fireplaces on the main level, that add to their timeless vintage charm. The kitchens have electric ranges, fridges, and eating nooks that also make them unique. Upstairs you will
Well-maintained duplex located in an established neighborhood with easy access to nearby dining and amenities. Each unit offers 2 bedrooms, 1 bathroom, a large living room, and a full kitchen. Off-street parking is available for each unit. The roof was replaced within the last year. One unit will be vacant by the end of June, presenting an opportunity for an owner-occupant or new lease.
2 homes on 1 lot! Both are occupied by tenants and will be sold with tenants in place. Contact agent for financials. 5500 sq ft lot. Zoning is CM2 Commercial Mixed Use per City ofPortland, buyer to verify uses. 5505 N Minnesota is 2160 sq ft, 3 bedrooms, one bathroom. 1223 N Killingsworth is 520sq ft, one bedroom, one bathroom.
This is it! Have you wanted to own a home but interest rates got you down? This home has an ADU above grade-it's like a perfect tree house and is already rented for $1395 a month. This home is located within walking distance of Mississippi, Alberta Arts District, two blocks to the Max, and all the fun on Killingsworth. Close to everything you want, with a garden that will take you away from the
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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
Martin Katie L
$500,000
First American Title
Matranga Watson Family Trust
--
None Available
Watson Judith J
$165,300
Transnation Title Agency Or
Genesis Family Properties Llc
--
First American
The Rodolph C Girtman Revocable Trust
--
First American
Girtman Rodolph C
$140,000
First American
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Open
Martin Katie L
$40,000
Open
Martin Katie L
$427,500
Closed
Martin Katie L
$425,000
Previous Owner
Watson Judith J
$154,000
Previous Owner
Watson Judith J
$132,240
Previous Owner
Girtman Rodolph C
$105,000
Closed
Watson Judith J
$16,530
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
11/21/201811/21/18
Sold
$500,000
-5.7%
$321 / Sq Ft
10/02/201810/02/18
Pending
--
--
--
06/15/201806/15/18
For Sale
$530,000
--
$340 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 5263 NE 24th Ave Unit 5265, Portland, OR 97211 since 15 June 2018 and is currently estimated at $626,584, approximately $401 per square foot. This property was built in 1977. 5263 NE 24th Ave Unit 5265 is a home located in Multnomah County with nearby schools including Vernon Elementary School, Jefferson High School, and Leodis V. McDaniel High School.
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