NOT LISTED FOR SALE

5507-5511 NE Couch St Portland, OR 97213

North Tabor Neighborhood

Estimated Value: $587,000 - $644,000

4 Beds
2 Baths
1,560 Sq Ft
$394/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $595,000 $381 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,830/month

48 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Gentle Sloping Lot
  • Glencoe Elementary School Rated A-
  • Hot Water Heating System
  • Lap Siding

About This Home

As of April 2023

SIDE BY SIDE DUPLEX ON CORNER LOT! 2 units, one rented the other vacant. Both 2br, 1 ba units. Hardwood floors vacant unit freshly painted, includes appliances on site. Separate laundry. Vacant unit has small shop space in garage. Newer woodstove in vacant unit. Partial basement is under rented unit. DO NOT DISTURB RENTER. Photos of both units. Buyer to approve of rented side after seller after accepted contract. Great opportunity for ownership and rental income Bring your creative living ideas!

Last Agent to Sell the Property

Tim Whiting

MORE Realty License #201211921 Listed on: 01/16/2023

MORE Realty

Last Buyer's Agent

Yomari Cruz-DeWeese

Living Room Realty License #201211547

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,021

Year Built

  • Built in 1951

Lot Details

  • Corner Lot
  • Gentle Sloping Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Lap Siding
  • Shingle Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,560 Sq Ft Home
  • 2-Story Property

Partially Finished Basement

  • Partial Basement
  • Exterior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R126637

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,210
  • Gross Income $11,760
  • Net Operating Income $9,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,021

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1951
  • Property Condition: Existing
  • Unreinforced Masonry Building: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, PartialBasement, PartiallyFinished
  • Storage: Attic,Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: LapSiding,ShingleSiding,VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, GentleSloping, Sloped
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Oil
  • Hot Water: Electricity,Other
  • Internet Service Type: Other
  • Security: Sidewalk
  • Cooling Y N: No
  • Heating: HotWater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: OWNER

Schools

  • Middle Or Junior School: Other

Lot Info

  • Zoning: R2.5
  • Parcel #: R126637

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 5020.87

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 50.94
  • Annual Gross Income: 11760.0
  • Property Net Operating Income: 9000.0
  • Annual Operating Expense: 5210.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2025
Sold by
Medina Paloma C
Bought by
Medina Paloma C and Zuk Derek
Current Estimated Value
$614,824

Purchase Details

Listed on
Jan 16, 2023
Closed on
Mar 7, 2023
Sold by
Schmunk Jerry D
Bought by
Medina Paloma Carolina
Seller's Agent
Tim Whiting
MORE Realty
Buyer's Agent
Yomari Cruz-DeWeese
Living Room Realty
List Price
$699,000
Sold Price
$595,000
Premium/Discount to List
-$104,000
-14.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.94%
Original Mortgage
$445,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Medina Paloma C -- None Listed On Document
Medina Paloma Carolina $595,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Medina Paloma Carolina $445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Sold $595,000 -0.7% $381 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
02/16/2023 02/16/23 Price Changed $599,000 -14.3% $384 / Sq Ft
01/16/2023 01/16/23 For Sale $699,000 -- $448 / 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 $5,220 $197,000 $0 $0
2022 $5,107 $191,270 $0 $0
2021 $5,021 $185,700 $0 $0
2020 $4,606 $180,300 $0 $0
2019 $4,437 $175,050 $0 $0
2018 $4,306 $169,960 $0 $0
2017 $4,127 $165,010 $0 $0
2016 $3,777 $160,210 $0 $0
2015 $3,678 $155,550 $0 $0
2014 $3,623 $151,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Whiting

    Seller's Agent in 2023

    Tim Whiting

    MORE Realty

    (503) 780-0454

    1 in this area

    24 Total Sales

    Section Image
  • Yomari Cruz-DeWeese

    Buyer's Agent in 2023

    Yomari Cruz-DeWeese

    Living Room Realty

    (305) 528-7105

    3 in this area

    70 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23111371

Regional Multiple Listing Service (RMLS)

APN: R126637

Oregon Multnomah County Portland 97213 North Tabor

5507-5511 NE Couch St, Portland, OR

This home is located at 5507-5511 NE Couch St, Portland, OR 97213 since 16 January 2023 and is currently estimated at $614,824, approximately $394 per square foot. This property was built in 1951. 5507-5511 NE Couch St is a home located in Multnomah County with nearby schools including Glencoe Elementary School, Mt Tabor Middle School, and Franklin High School.

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