NOT LISTED FOR SALE

5490 NW Neakahnie Ave Portland, OR 97229

West Union Neighborhood

Estimated Value: $638,000 - $645,000

5 Beds
4 Baths
2,444 Sq Ft
$262/Sq Ft Est. Value

Last Sold January 13, 2014

Last sale price $350,000 $143 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,862/month

135 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Washer and Dryer
  • Lenox Elementary School Rated 9+
  • Garage
  • Wood Siding

About This Home

As of January 2014

Rare opportunity for triplex in great residential neighborhood. Convenient to Hi-tech, transit, freeways and shopping. Well maintained and updated.Stacked W/D in all units,2 garages, fenced back yards for two units, side yard for third. Great rental history. No sign, please do not disturb tenants.Listing agents related to sellers.

Last Agent to Sell the Property

Kimberly Marcellus

Premiere Property Group, LLC License #860500186 Listed on: 07/16/2013

Premiere Property Group, LLC

Last Buyer's Agent

Mark Pitassi

MORE Realty License #960600201

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,549

Year Built

  • Built in 1979

Lot Details

  • 0.32

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Open Parking

Additional Features

  • Deck
  • Corner Lot
  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,549

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2444
  • Stories: 1
  • Year Built: 1979
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: NEAKAHNIE VILLAGE, LOT 1

Exterior Features

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

Garage/Parking

  • Parking Description: Open, Garage

Utilities

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

Condo/Co-op/Association

  • Unit Features: Deck, Dishwasher, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Rock Creek
  • Middle School: Five Oaks
  • High School: Westview

Lot Info

  • Lot Description: Corner
  • Zoning: R5

Tax Info

  • Tax Amount: 3788.80
  • Assessor Parcel Number: R0666158

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.12

MLS Schools

  • Elementary School: Rock Creek
  • High School: Westview
  • Middle School: Five Oaks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2025
Sold by
Miller Benjamin J
Bought by
Jimoh Musibau Francis and Olayinka Adebola Ibiwumi
Current Estimated Value
$641,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Outstanding Balance
$575,496
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$65,911

Purchase Details

Listed on
Jul 16, 2013
Closed on
Jan 7, 2014
Sold by
Hanson Marie D and Hanson Carolyn K
Bought by
Miller Benjamin J
Seller's Agent
Kimberly Marcellus
Premiere Property Group, LLC
Buyer's Agent
Mark Pitassi
MORE Realty
List Price
$374,921
Sold Price
$350,000
Premium/Discount to List
-$24,921
-6.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$350,000
Interest Rate
4.26%
Mortgage Type
VA

Purchase Details

Closed on
Jul 12, 2001
Sold by
Broward Charles S and Broward Victoria L
Bought by
Hanson Merle D and Hanson Carolyn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,900
Interest Rate
7.26%

Purchase Details

Closed on
Mar 3, 1999
Sold by
Renaud Denis E
Bought by
Broward Charles S and Broward Victoria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
6.76%

Purchase Details

Closed on
Mar 2, 1999
Sold by
Thornburg James F and Thornburg Beverly J
Bought by
Broward Charles S and Broward Victoria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
6.76%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jimoh Musibau Francis $640,000 Lawyers Title
Miller Benjamin J $350,000 Wfg Title
Hanson Merle D $237,900 Stewart Title
Broward Charles S $103,673 Transnation Title Insurance
Broward Charles S $103,673 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimoh Musibau Francis $576,000
Previous Owner Miller Benjamin J $350,000
Previous Owner Hanson Merle D $137,900
Previous Owner Broward Charles S $109,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2014 01/13/14 Sold $350,000 -6.6% $143 / Sq Ft
11/28/2013 11/28/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $374,921 -- $153 / 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
2025 $5,549 $329,530 -- --
2024 $5,237 $319,940 -- --
2023 $5,237 $310,630 $0 $0
2022 $5,053 $310,630 $0 $0
2021 $4,957 $292,810 $0 $0
2020 $4,849 $284,290 $0 $0
2019 $4,703 $276,010 $0 $0
2018 $4,508 $267,980 $0 $0
2017 $4,339 $260,180 $0 $0
2016 $4,227 $252,610 $0 $0
2015 $4,060 $245,260 $0 $0
2014 $4,008 $238,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Marcellus

    Seller's Agent in 2014

    Kimberly Marcellus

    Premiere Property Group, LLC

    (503) 522-5520

    11 Total Sales

    Kimberly Marcellus
    Section Image
  • Mark Pitassi

    Buyer's Agent in 2014

    Mark Pitassi

    MORE Realty

    (503) 708-0250

    26 Total Sales

    Mark Pitassi
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 13414303

Regional Multiple Listing Service (RMLS)

APN: R0666158

Oregon Washington County Portland 97124 West Union

5490 NW Neakahnie Ave, Portland, OR

This home is located at 5490 NW Neakahnie Ave, Portland, OR 97229 since 16 July 2013 and is currently estimated at $641,407, approximately $262 per square foot. This property was built in 1979. 5490 NW Neakahnie Ave is a home located in Washington County with nearby schools including Lenox Elementary School, J.W. Poynter Middle School, and Liberty High 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.

Nearby Homes