5516 NE Hoyt St Portland, OR 97213
North Tabor NeighborhoodEstimated payment $6,020/month
Highlights
- City View
- No HOA
- Level Lot
- Laurelhurst Elementary School Rated 9+
- High Speed Internet
- Heating System Mounted To A Wall or Window
About This Home
Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.
Listing Agent
Windermere RE Lane County Brokerage Phone: 541-525-2559 License #201225695 Listed on: 06/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,753
Year Built
- Built in 1966 | Remodeled
Lot Details
- 4,356 Sq Ft Lot
- Level Lot
Home Design
- Built-Up Roof
- Cement Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,306 Sq Ft Home
- 2-Story Property
- City Views
- Crawl Space
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- 4 Parking Spaces
- Off-Street Parking
- Assigned Parking
Schools
- Laurelhurst Elementary And Middle School
- Grant High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number R110686
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $26,193
- Gross Income $70,734
- Net Operating Income $41,005
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,753 | $476,660 | -- | -- |
| 2023 | $12,753 | $462,780 | $0 | $0 |
| 2022 | $11,998 | $449,310 | $0 | $0 |
| 2021 | $11,795 | $436,230 | $0 | $0 |
| 2020 | $10,820 | $423,530 | $0 | $0 |
| 2019 | $10,422 | $411,200 | $0 | $0 |
| 2018 | $10,116 | $399,230 | $0 | $0 |
| 2017 | $9,695 | $387,610 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | For Sale | $935,000 | 0.0% | $283 / Sq Ft |
| 05/10/2019 05/10/19 | Sold | $935,000 | -1.4% | $283 / Sq Ft |
| 04/22/2019 04/22/19 | Pending | -- | -- | -- |
| 03/19/2019 03/19/19 | For Sale | $948,000 | +11.5% | $287 / Sq Ft |
| 10/28/2016 10/28/16 | Sold | $850,000 | -5.0% | $257 / Sq Ft |
| 10/14/2016 10/14/16 | Pending | -- | -- | -- |
| 09/29/2016 09/29/16 | For Sale | $895,000 | +132.5% | $271 / Sq Ft |
| 09/30/2014 09/30/14 | Sold | $385,000 | +1.9% | $116 / Sq Ft |
| 09/29/2014 09/29/14 | Pending | -- | -- | -- |
| 03/13/2014 03/13/14 | For Sale | $378,000 | -- | $114 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $935,000 | Fidelity Natl Ttl Co Of Or | |
| Bargain Sale Deed | -- | None Available | |
| Bargain Sale Deed | -- | Wfg Title | |
| Warranty Deed | $850,000 | Fidelity Natl Title Of Or | |
| Bargain Sale Deed | -- | None Available | |
| Warranty Deed | $385,000 | First American | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $360,000 | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $205,000 | First American Title Ins Co | |
| Deed | -- | First American Title Ins Co | |
| Warranty Deed | $130,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $637,500 | New Conventional | |
| Previous Owner | $830,000 | Commercial | |
| Previous Owner | $436,500 | Purchase Money Mortgage | |
| Previous Owner | $332,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $252,000 | Purchase Money Mortgage | |
| Previous Owner | $164,000 | Purchase Money Mortgage | |
| Closed | $36,000 | No Value Available |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 327417535
APN: R110686
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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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