NOT LISTED FOR SALE

5405 SE 120th Ave Unit 5407 Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated Value: $550,000 - $678,000

4 Beds
2 Baths
1,560 Sq Ft
$396/Sq Ft Est. Value

Last Sold April 04, 2024

Last sale price $660,000 $423 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,647/month

125 Days on Market

Highlights

  • RV Access or Parking
  • Green Certified Home
  • Level Lot
  • Heating unit installed on the ceiling
  • 2 Car Garage

About This Home

As of April 2024

Seize this exceptional investment opportunity quickly! Presenting a one-level duplex designed to provide the privacy and ambiance of two distinct homes. Each unit is meticulously maintained, featuring its own garage and secluded yard. Relish the expansive, fully-fenced front and back yards, perfect for relaxation and play. Conveniently located within walking distance to a park. Both units are on a month-to-month lease, collectively generating $4,200 in monthly rental income. This is a well-established rental property in superb condition, ideal for those seeking a rewarding investment. Notably, one unit boasts a large front pool, adding a unique appeal. Additionally, there's ample space for parking boats or RVs. A must-see for any discerning investor! Cap rate is 6!! Address is 5405-5407 SE 120th Ave [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10200947]

Last Agent to Sell the Property

Lorna & Sarah Murray

RE/MAX Equity Group License #880400197 Listed on: 11/16/2023

RE/MAX Equity Group

Last Buyer's Agent

Joel Camara

Opt License #201233162

Opt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,953

Year Built

  • Built in 1965

Lot Details

  • 7,841

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • 2 Car Garage
  • RV Access or Parking

Schools

  • Gilbert Park Elementary School
  • David Douglas High School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling

Additional Features

  • Green Certified Home
  • Level Lot

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R335664

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,143
  • Gross Income $50,400
  • Net Operating Income $42,257

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,953

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1965
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Gilbert Park
  • High School: David Douglas
  • Middle Or Junior School: Other

Lot Info

  • Zoning: RM1
  • Parcel #: R335664

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4953.18

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.39
  • Annual Gross Income: 50400.0
  • Property Net Operating Income: 42257.0
  • Annual Operating Expense: 8143.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Apr 2, 2024
Sold by
Flynn Shauna
Bought by
Roy Robert M
Seller's Agent
Lorna & Sarah Murray
RE/MAX Equity Group
Buyer's Agent
Joel Camara
Opt
List Price
$699,500
Sold Price
$660,000
Premium/Discount to List
-$39,500
-5.65%
Views
100
Current Estimated Value
$593,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,494
Avg. Annual Appreciation
-4.60%

Purchase Details

Listed on
Apr 25, 2019
Closed on
May 21, 2019
Sold by
Earley Ronnie L and Weymouth Jennifer R
Bought by
Flynn Shauna
Seller's Agent
Blake Byzewski
John L. Scott
Buyer's Agent
Lorna & Sarah Murray
RE/MAX Equity Group
List Price
$364,900
Sold Price
$385,100
Premium/Discount to List
$20,200
5.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$365,845
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2017
Sold by
Weymouth Jennifer R
Bought by
Earley Ronnie L and Weymouth Jennifer R

Purchase Details

Closed on
Apr 1, 1999
Sold by
Earley Ronnie L and Weymouth Jennifer R
Bought by
Weymouth Jennifer R and Earley Ronnie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
6.79%

Purchase Details

Closed on
Aug 23, 1995
Sold by
Andrews Margie M
Bought by
Earley Ronnie L and Weymouth Jennifer R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.11%
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
Roy Robert M $660,000 First American Title
Flynn Shauna $385,100 Old Republic Title Co Of Or
Earley Ronnie L -- None Available
Weymouth Jennifer R -- Ticor Title
Earley Ronnie L $100,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flynn Shauna $60,000
Previous Owner Flynn Shauna $365,845
Previous Owner Weymouth Jennifer R $90,000
Previous Owner Weymouth Jennifer R $89,600
Previous Owner Earley Ronnie L $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2024 04/04/24 Sold $660,000 -2.2% $423 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/04/2024 03/04/24 Price Changed $675,000 -3.5% $433 / Sq Ft
11/16/2023 11/16/23 For Sale $699,500 +81.6% $448 / Sq Ft
05/24/2019 05/24/19 Sold $385,100 +5.5% $247 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/25/2019 04/25/19 For Sale $364,900 -- $234 / 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 $4,953 $210,740 $0 $0
2022 $4,695 $204,610 $0 $0
2021 $4,618 $198,660 $0 $0
2020 $4,184 $192,878 $0 $0
2019 $3,759 $173,780 $0 $0
2018 $3,643 $168,720 $0 $0
2017 $3,499 $163,810 $0 $0
2016 $3,187 $159,040 $0 $0
2015 $2,875 $154,410 $0 $0
2014 $2,629 $149,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lorna & Sarah Murray

    Seller's Agent in 2024

    Lorna & Sarah Murray

    RE/MAX

    (503) 680-2331

    2 in this area

    122 Total Sales

    Section Image
  • Joel Camara

    Buyer's Agent in 2024

    Joel Camara

    Opt

    (503) 893-8412

    2 in this area

    41 Total Sales

    Section Image
  • Blake Byzewski

    Seller's Agent in 2019

    Blake Byzewski

    John L. Scott

    (503) 679-8198

    3 in this area

    179 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23154699

Regional Multiple Listing Service (RMLS)

APN: R335664

Oregon Multnomah County Portland 97266 Powellhurst-Gilbert

5405 SE 120th Ave Unit 5407, Portland, OR

This home is located at 5405 SE 120th Ave Unit 5407, Portland, OR 97266 since 16 November 2023 and is currently estimated at $618,444, approximately $396 per square foot. This property was built in 1965. 5405 SE 120th Ave Unit 5407 is a home located in Multnomah County with nearby schools including Earl Boyles Elementary School, Ron Russell Middle School, and David Douglas High School.

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