$948,000
$41K PRICE DROP

Estimated payment $5,986/month

Total Views 18,958
3 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Hot Water Circulator
  • Level Lot
  • 90% Forced Air Heating and Cooling System
  • 4 Car Garage
  • Wood Siding

About This Home

SIGNIFICANT PRICE REDUCTION IN THIS UPDATED HOME WITH ADU IN JOHNS LANDING. The home has been stunningly updated throughout including hardwood floors, floor to ceiling gas fireplace, tile, gourmet kitchen, spa like primary suite, HVAC, tankless water heater,central vac, 9 Energy Score & much more! The main floor has hardwood floors, living room with floor to ceiling gas fireplace, adjacent dining & kitchen complete with granite, tile, peninsula, and stainless appliances. The upper level boosts a primary suite with hard wood floors, sitting area, walk-in closet, tile, granite bath suite with steam shower, heated floors & towel bar, private balcony. You will also find the second bedroom. Lower level is a great opportunitty for more income with large family room, full bathroom, utility room & seperate entrance. The backyard oasis was professionally landscaped with palms, bamboo, stone pavers, stamped concrete, fire pit, planters, water feature, and lighting. The ADU was permitted & built in 2017 and has tremendous long term Airbnb history with over 130 reviews earning north of $24,000 annualy renting part time! All ADU items and furniture included in the purchase. Extra deep double garage with AV outlet can accommodate a boat as well as vehicle parking. The entire property is professionally landscaped with lighting and is fenced and gated. This oasis in the city would cost you thousands more to recreate! Located in Johns Landing thus walkable to shopping, restaurants, and recreational opportunities at nearby Willamette Park. This property is 10 minutes from the city center, with great proximity to transportation including streetcar, tram, Max, bus and freeway access. Near OHSU, Doernbecher, and VA with their 100’s of employees many wanting to rent nearby. Imagine the income opportunities that exist with ADU & finished lower level complete with full bath and separate entrance! MAKE $$$ AT HOME!

Listing Agent

Lawrence Burkett

Premiere Property Group, LLC License #201204888 Listed on: 04/04/2025

Premiere Property Group, LLC

Co-Listing Agent

Venous Sanaee

Premiere Property Group, LLC License #201254756

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,880

Year Built

  • Built in 1905 | Remodeled

Lot Details

  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • Driveway

Schools

  • Capitol Hill Elementary School
  • Jackson Middle School
  • Ida B Wells High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Mini Split Heat Pump
  • Hot Water Circulator

Listing and Financial Details

  • Assessor Parcel Number R173331

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Johns Landing Subdivision

Building Details

  • Gross Income $24,500
  • Net Operating Income $24,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,880

Year Built

Built in 1905 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1905
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, Finished
  • Storage: Basement,Garage
  • Total Bedrooms: 3
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter, PillarPostPier
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Recirculating
  • Cooling: CentralAir, MiniSplit
  • Cooling Y N: Yes
  • Heating: ForcedAir, ForcedAir90, MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Capitol Hill
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson

Lot Info

  • Zoning: R5
  • Parcel #: R173331

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: CableTV, Electricity, Heat, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 8880.11

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 38.69
  • Annual Gross Income: 24500.0
  • Property Net Operating Income: 24500.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,880 $322,540 $0 $0
2022 $8,354 $313,150 $0 $0
2021 $8,213 $304,030 $0 $0
2020 $7,534 $295,180 $0 $0
2019 $7,257 $286,590 $0 $0
2018 $7,043 $278,250 $0 $0
2017 $6,751 $198,150 $0 $0
2016 $4,531 $192,380 $0 $0
2015 $4,412 $186,780 $0 $0
2014 $4,346 $181,340 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $948,000 -4.1% $299 / Sq Ft
04/04/2025 04/04/25 For Sale $989,000 -- $312 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $348,000 Lawyers Title
Warranty Deed $220,000 Ticor Title Insurance
Warranty Deed $153,400 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $220,500 New Conventional
Closed $248,000 New Conventional
Previous Owner $176,000 Purchase Money Mortgage
Previous Owner $138,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 599957788

Regional Multiple Listing Service (RMLS)

APN: R173331