$775,000
SOLD JUL 18, 2025
6 Beds
3 Baths
3,425 Sq Ft
9,147 Sq Ft Lot

Recently Sold

$226 Per Sq Ft

3% Below List Price

72 Days on Market

Highlights

  • Park or Greenbelt View
  • Corner Lot
  • Landscaped with Trees
  • Cleveland High School Rated A-
  • Tankless Water Heater
  • Forced Air Heating and Cooling System

About This Home

As of July 2025

Investment property with a multitude of potential uses. Currently being operated as a rental for students of Reed College, this unique multi-level home sits on a coveted corner lot adjacent to Reed, offering stunning views of its iconic campus and the serene, forested canyon nature preserve. In 2022/23 extensive upgrades and remodeling were performed on the main and lower levels providing an optimal environment for communal living. The well-appointed kitchen includes two refrigerators, two dishwashers, a commercial-sized sink, a quartz island, with ample storage and pantry space. The main level has two inviting living rooms with hardwood floors and three spacious bedrooms, each featuring hardwood flooring. These rooms share a beautifully updated full bath with a glass-enclosed shower. The lower level houses two additional bedrooms, a laundry room with two sets of washers and dryers, a fully updated bath, and the kitchen. Upstairs, the home retains its original charm with three more bedrooms—one with a private deck—and a shared full bath. Many system improvements have been made to the home including a new roof and a new tankless hot water heater. Home has an oversized garage with additional driveway space and a very ample storage unit; The seller has detailed plans for potential conversion of the home into a duplex. [Home Energy Score = 2. HES Report at

Last Agent to Sell the Property

Jeffrey Capen

Windermere Realty Trust Brokerage Phone: 360-931-0160 License #200308199 Listed on: 04/06/2025

Windermere Realty Trust

Co-Listed By

John McClain

Windermere Realty Trust Brokerage Phone: 360-931-0160 License #201218259

Last Buyer's Agent

Becky Love

John L Scott Portland SW License #201219824

John L Scott Portland SW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,356

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 9,147 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 3,425 Sq Ft Home
  • 3-Story Property
  • Park or Greenbelt Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Eco-Friendly Details

  • Green Certified Home

Schools

  • Grout Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number R253082

Community Details

Overview

  • 8 Units
  • Reed Subdivision

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $26,232
  • Gross Income $29,700
  • Net Operating Income $3,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,356

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1948
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, FullBasement
  • Storage: Garage
  • Total Bedrooms: 6
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Lot Features: CornerLot, Level, Trees
  • Road Surface Type: Paved
  • Roof: Composition
  • View: ParkGreenbelt

Garage/Parking

  • Parking Description: Garage, OffStreet
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Tankless
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: CentralAir, Commons, Laundry

Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: R7
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9147.0
  • Parcel #: R253082

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 9355.85

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 26.93
  • Annual Gross Income: 29700.0
  • Property Net Operating Income: 3468.0
  • Annual Operating Expense: 26232.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2025
Closed on
Jul 14, 2025
Sold by
Roc1 Llc
Bought by
Logue Jessica and Logue Justin
Seller's Agent
Jeffrey Capen
Windermere Realty Trust
Buyer's Agent
Becky Love
John L Scott Portland SW
List Price
$799,900
Sold Price
$775,000
Premium/Discount to List
-$24,900
-3.11%
Views
81

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.38%
Original Mortgage
$295,000
Outstanding Balance
$295,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$492,330

Purchase Details

Listed on
Jun 12, 2020
Closed on
Sep 23, 2020
Sold by
Young Shayne and Young Amy F
Bought by
Roc1 Llc
Seller's Agent
Brittany Herbert
City of Bridges Realty
Buyer's Agent
Jeffrey Capen
Windermere Realty Trust
List Price
$599,900
Sold Price
$525,000
Premium/Discount to List
-$74,900
-12.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$55,107
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 12, 2020
Closed on
Aug 14, 2020
Sold by
3Z Partners Llc
Bought by
Young Shayne and Young Amy F
Seller's Agent
Brittany Herbert
City of Bridges Realty
Buyer's Agent
Jeffrey Capen
Windermere Realty Trust
List Price
$599,900
Sold Price
$525,000
Premium/Discount to List
-$74,900
-12.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,107
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 13, 2018
Closed on
May 29, 2018
Sold by
Gilkison Dawn Marie
Bought by
3Z Partners Llc
Seller's Agent
Bradley Wulf
Keller Williams Realty Professionals
Buyer's Agent
Nick Krautter
City and State Real Estate
List Price
$500,000
Sold Price
$505,000
Premium/Discount to List
$5,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.76%
Original Mortgage
$4,200,000
Interest Rate
4.4%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $775,000 Fidelity National Title
Warranty Deed -- None Available
Warranty Deed $525,000 First American
Warranty Deed $505,000 Ticor Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $295,000 New Conventional
Previous Owner $55,107 Credit Line Revolving
Previous Owner $420,000 New Conventional
Previous Owner $0 Commercial
Previous Owner $85,000 Commercial
Previous Owner $4,200,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Sold $775,000 -3.1% $226 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
06/06/2025 06/06/25 For Sale $799,900 +3.2% $234 / Sq Ft
05/02/2025 05/02/25 Off Market $775,000 -- --
04/24/2025 04/24/25 Pending -- -- --
04/06/2025 04/06/25 For Sale $799,900 +52.4% $234 / Sq Ft
08/17/2020 08/17/20 Sold $525,000 -8.7% $153 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
06/29/2020 06/29/20 Price Changed $575,000 -4.2% $168 / Sq Ft
06/12/2020 06/12/20 For Sale $599,900 +18.8% $175 / Sq Ft
05/31/2018 05/31/18 Sold $505,000 +1.0% $147 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $500,000 -- $146 / 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 $9,356 $339,490 $0 $0
2022 $7,572 $283,570 $0 $0
2021 $7,444 $275,320 $0 $0
2020 $6,829 $267,310 $0 $0
2019 $6,578 $259,530 $0 $0
2018 $6,385 $251,980 $0 $0
2017 $6,119 $244,650 $0 $0
2016 $5,600 $237,530 $0 $0
2015 $5,454 $230,620 $0 $0
2014 $5,371 $223,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 278432825

Regional Multiple Listing Service (RMLS)

APN: R253082