NOT LISTED FOR SALE

5424 SE 87th Ave Portland, OR 97266

Lents Neighborhood

Estimated Value: $670,887 - $796,000

8 Beds
4 Baths
3,120 Sq Ft
$237/Sq Ft Est. Value

Last Sold September 30, 2013

Last sale price $338,000 $108 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $4,854/month

4 Days on Market

Highlights

  • Landscaped with Trees
  • Level Lot
  • 1-Story Property
  • Washer and Dryer
  • Wood Siding

About This Home

As of September 2013

Great investment in up and coming Lents! Well maintained, one level units with good cash flow and upside in rents. Newer floors, washer/dryer & stoves. Each unit has a back patio & designated parking space. Quiet street, but just 2 blocks to Lents park & community garden. Easy access to shopping, Max & schools. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Johanna Keith

Living PDX Real Estate License #200209028 Listed on: 08/18/2013

Last Buyer's Agent

Jody Dawes

Legacy Realty Group License #200203427

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,982

Year Built

  • Built in 1969

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Range
  • Washer and Dryer

Utilities

  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,982

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 3120
  • Stories: 1
  • Year Built: 1969
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: RAYBURN PK, BLOCK 4, S 30' OF LOT 3, LOT 4, N 19' OF

Exterior Features

  • Exterior Description: Brick, Wood Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Lent
  • Middle School: Lent
  • High School: Franklin

Lot Info

  • Lot Description: Level, Trees
  • Zoning: R2

Tax Info

  • Tax Amount: 3135.27
  • Assessor Parcel Number: R252813

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 8.75

MLS Schools

  • Elementary School: Lent
  • High School: Franklin
  • Middle School: Lent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2013
Closed on
Sep 25, 2013
Sold by
Turbin Michelle L
Bought by
Buresh Jeremiah R and Buresh Jodi M
Seller's Agent
Johanna Keith
Living PDX Real Estate
Buyer's Agent
Jody Dawes
Legacy Realty Group
List Price
$337,500
Sold Price
$338,000
Premium/Discount to List
$500
0.15%
Current Estimated Value
$738,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,222
Avg. Annual Appreciation
6.78%
Original Mortgage
$253,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2006
Sold by
Klein Thomas G
Bought by
Turbin Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,100
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 26, 1995
Sold by
Malone James R
Bought by
Klein Thomas G and Klein Ruth P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
7.59%
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
Buresh Jeremiah R $338,000 Nextitle
Buresh Jeremiah R $338,000 Nextitle
Turbin Michelle L $367,000 First American
Turbin Michelle L $367,000 First American
Klein Thomas G $185,000 Chicago Title Insurance Co
Klein Thomas G $185,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buresh Jeremiah R $330,000
Closed Buresh Jeremiah R $253,000
Previous Owner Turbin Michelle L $261,074
Previous Owner Turbin Michelle L $254,100
Previous Owner Klein Thomas G $138,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2013 09/30/13 Sold $338,000 +0.1% $108 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
08/18/2013 08/18/13 For Sale $337,500 -- $108 / 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
2024 $9,982 $373,090 -- --
2023 $9,599 $362,230 $0 $0
2022 $9,391 $351,680 $0 $0
2021 $9,232 $341,440 $0 $0
2020 $8,469 $331,500 $0 $0
2019 $8,158 $321,850 $0 $0
2018 $7,918 $312,480 $0 $0
2017 $7,588 $303,380 $0 $0
2016 $6,945 $294,550 $0 $0
2015 $5,614 $285,980 $0 $0
2014 $4,774 $277,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Johanna Keith

    Living PDX Real Estate

    Section Image
  • Jody Dawes

    Buyer's Agent in 2013

    Jody Dawes

    Legacy Realty Group

    (503) 504-5588

    2 in this area

    14 Total Sales

    Jody Dawes
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 13597908

Regional Multiple Listing Service (RMLS)

APN: R252813

Oregon Multnomah County Portland 97266 Lents

5424 SE 87th Ave, Portland, OR

This home is located at 5424 SE 87th Ave, Portland, OR 97266 since 18 August 2013 and is currently estimated at $738,222, approximately $236 per square foot. This property was built in 1969. 5424 SE 87th Ave is a home located in Multnomah County with nearby schools including Lent K-5, Franklin High School, and Grace Lutheran 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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