NOT LISTED FOR SALE

5811 SE 88th Ave Unit 5815 Portland, OR 97266

Lents Neighborhood

Estimated Value: $504,924

6 Beds
3 Baths
2,392 Sq Ft
$211/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $478,000 $200 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,198/month

Highlights

  • Baseboard Heating
  • Level Lot
  • Wood Siding

About This Home

As of March 2023

Convenient location, close to I-205 and shopping. Triplex with upside in rents. Opportunity to bring two units up to market levels immediately upon close. Financials reflect market rents for those units.

Last Agent to Sell the Property

Ben Ficker

Keller Williams Sunset Corridor License #200412166 Listed on: 12/16/2022

Keller Williams Sunset Corridor

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,983

Year Built

  • Built in 1977

Lot Details

  • Level Lot

Parking

  • Paved Parking

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,392 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Kelly Elementary School
  • Lane Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R221737

Community Details

Overview

  • 3 Units
  • Lents Subdivision

Building Details

  • Operating Expense $12,500
  • Gross Income $47,280
  • Net Operating Income $34,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,983

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1977
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 0K to 2,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Sidewalk
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Kelly
  • High School: Franklin
  • Middle Or Junior School: Lane

Lot Info

  • Zoning: R1
  • Parcel #: R221737

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 5982.87

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 11.0
  • Annual Gross Income: 47280.0
  • Property Net Operating Income: 34780.0
  • Annual Operating Expense: 12500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2023
Sold by
Culver Kylie and De Los Santos
Bought by
Delos Santos Daniel Sanchez
Total Days on Market
0
Current Estimated Value
$504,924

Purchase Details

Listed on
Dec 16, 2022
Closed on
Mar 28, 2023
Sold by
Leipzig Jonathan
Bought by
Culver Kylie and De Los Santos
Seller's Agent
Ben Ficker
Keller Williams Sunset Corridor
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$520,000
Sold Price
$478,000
Premium/Discount to List
-$42,000
-8.08%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.55%
Original Mortgage
$353,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2020
Closed on
Sep 11, 2020
Sold by
Buczkowski Kim J and Buczkowski Paul A
Bought by
Leipzig Jonathan and Barry Patrick
Seller's Agent
Nick Shivers
Keller Williams PDX Central
Buyer's Agent
Rachel Blustein
Living Room Realty
List Price
$350,000
Sold Price
$385,000
Premium/Discount to List
$35,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$288,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2004
Sold by
Ng Hung
Bought by
Buczkowski Paul A and Buczkowski Kim J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,200
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 1996
Sold by
Nguyen Hoa Tan
Bought by
Ng Hung and Ng Kit Jing Cheung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 1996
Sold by
Bui Long Dang
Bought by
Bui Long Dang and Nguyen Hoa Tan
Source: Public Records

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Range of Values:

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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
Delos Santos Daniel Sanchez -- None Listed On Document
Culver Kylie $478,000 Ticor Title
Leipzig Jonathan $385,000 Ticor Title Company Of Or
Buczkowski Paul A $178,000 Pacific Nw Title
Ng Hung $150,000 First American Title Ins Co
Bui Long Dang -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Culver Kylie $353,000
Previous Owner Leipzig Jonathan $288,750
Previous Owner Buczkowski Paul A $161,000
Previous Owner Buczkowski Paul A $160,200
Previous Owner Ng Hung $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2023 03/28/23 Sold $478,000 -8.1% $200 / Sq Ft
12/16/2022 12/16/22 Pending -- -- --
12/16/2022 12/16/22 For Sale $520,000 +35.1% $217 / Sq Ft
09/14/2020 09/14/20 Sold $385,000 +10.0% $161 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $350,000 -- $146 / 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 $6,220 $234,740 $0 $0
2022 $6,086 $227,910 $0 $0
2021 $5,983 $221,280 $0 $0
2020 $5,488 $214,840 $0 $0
2019 $5,287 $208,590 $0 $0
2018 $5,131 $202,520 $0 $0
2017 $4,875 $196,630 $0 $0
2016 $4,077 $190,910 $0 $0
2015 $3,407 $185,350 $0 $0
2014 $2,971 $175,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22364757

Regional Multiple Listing Service (RMLS)

APN: R221737