NOT LISTED FOR SALE

5712 N Interstate Ave Portland, OR 97217

Humboldt Neighborhood
1 Bed
2 Baths
6,383 Sq Ft
7,841 Sq Ft Lot

Last Sold November 01, 2021

Last sale price $1,132,500 $177 Per Sq Ft

10 Days on Market

Highlights

  • Corner Lot
  • 2-minute walk to N Killingsworth
  • Parking Storage or Cabinetry
  • Beach Elementary School Rated A-
  • Storage
  • 4-minute walk to Patton Square Park

About This Home

As of November 2021

Interstate Apts represent a rare value-add opportunity in the Overlook Neighborhood, near many amenities & provides a tranquil courtyard setting. Mix of studio & 1 BD floor plans, a large basement & 3 street level garages. Rents are below market, providing an immediate opportunity for a buyer to capitalize on a more efficient management system. Located along the MAX line & in the path of continued progress- the apts are poised to benefit from the continued expansion of the N Portland sub-market.

Last Agent to Sell the Property

Phillip Barry

Joseph Bernard LLC License #200807134 Listed on: 08/24/2021

Last Buyer's Agent

Phillip Barry

Joseph Bernard LLC License #200807134 Listed on: 08/24/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Storage

Unfinished Basement

  • Exterior Basement Entry
  • Natural lighting in basement

Parking

  • Garage
  • Parking Storage or Cabinetry

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 9 Units

Listing and Financial Details

  • Rent includes gas, trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 6383
  • Stories: 1
  • Year Built: 1942
  • Property Condition: Existing
  • Remarks Public: Interstate Apts represent a rare value-add opportunity in the Overlook Neighborhood, near many amenities & provides a tranquil courtyard setting. Mix of studio & 1 BD floor plans, a large basement & 3 street level garages. Rents are below market, providing an immediate opportunity for a buyer to capitalize on a more efficient management system. Located along the MAX line & in the path of continued progress- the apts are poised to benefit from the continued expansion of the N Portland sub-market.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: NORTH ALBINA, BLOCK 11, LOT 3&4 EXC PT IN ST
  • Basement: Daylight, Exterior Entry, Unfinished
  • Storage: Garage(s), Individual Storage Units

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Description: Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Common Amenities: Laundry

Schools

  • Elementary School: Beach
  • Middle School: Ockley Green
  • High School: Jefferson

Lot Info

  • Lot Description: Corner Lot
  • Zoning: RM3

Rental Info

  • Rent Includes: Gas, Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 7987.00
  • Assessor Parcel Number: R226177
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 13.46

MLS Schools

  • Elementary School: Beach
  • High School: Jefferson
  • Middle School: Ockley Green

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

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $1,132,500 -12.9% $177 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $1,300,000 -- $204 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21314092

Regional Multiple Listing Service (RMLS)

APN: 1N1E15CC 10300