NOT LISTED FOR SALE

527 SE 78th Ave Unit 545 Portland, OR 97215

Montavilla Neighborhood
-- Bed
10 Baths
7,550 Sq Ft
10,454 Sq Ft Lot

Last Sold September 26, 2023

Last sale price $1,727,000 $229 Per Sq Ft

56 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Laundry Facilities

About This Home

As of September 2023

Heart of Montavilla 10 Plex : 6 units - 2 bed/1 bath, 4 units - 1 bed/1 bath Excellent E-Z liveable floor-plans. Building offers off street parking and shared laundry. Steps from Shops, Dining, Seasonal Farmers Market Nearby ~ This is a close-in Investor Find! Embrace urban living in a thriving neighborhood.

Last Agent to Sell the Property

Douglas Landers

John L. Scott Portland Central License #200903041 Listed on: 05/20/2023

John L. Scott Portland Central

Co-Listed By

Carol Ann Landers

John L. Scott Portland Central License #950100027

Last Buyer's Agent

Jerry Wallach

Wise Move Real Estate License #200606229

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,694

Year Built

  • Built in 1975

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,550 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Bridger Elementary School
  • Harrison Park Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R198864

Community Details

Building Details

  • Operating Expense $62,194
  • Gross Income $143,180
  • Net Operating Income $80,987

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,694

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Sidewalk
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Bridger
  • High School: Franklin
  • Middle Or Junior School: Harrison Park

Lot Info

  • Zoning: CS
  • Parcel #: R198864

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 17694.02

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 13.27
  • Annual Gross Income: 143180.0
  • Property Net Operating Income: 80987.0
  • Annual Operating Expense: 62194.0

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
09/26/2023 09/26/23 Sold $1,727,000 -9.1% $229 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
05/20/2023 05/20/23 For Sale $1,900,000 -- $252 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Douglas Landers

    Seller's Agent in 2023

    Douglas Landers

    John L. Scott Portland Central

    (503) 936-3905

    7 in this area

    107 Total Sales

    Douglas Landers
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Carol Ann Landers

    John L. Scott Portland Central

    (503) 230-8600

    7 in this area

    61 Total Sales

    Carol Ann Landers
    Section Image
  • Jerry Wallach

    Buyer's Agent in 2023

    Jerry Wallach

    Wise Move Real Estate

    (503) 784-3786

    1 in this area

    36 Total Sales

    Jerry Wallach
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23387338

Regional Multiple Listing Service (RMLS)

APN: 1S2E05AA 16600

Oregon Multnomah County Portland 97215 Montavilla

527 SE 78th Ave Unit 545, Portland, OR

This home is located at 527 SE 78th Ave Unit 545, Portland, OR 97215 since 20 May 2023. This property was built in 1975. 527 SE 78th Ave Unit 545 is a home located in Multnomah County with nearby schools including Bridger Elementary School, Franklin High School, and Portland Arthur Academy.

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.

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