$550,000
$25K PRICE DROP

Estimated payment $3,630/month

Total Views 5,241
4 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Level Lot
  • Lap Siding
  • Forced Air Heating System

About This Home

Three-Unit Investment totaling 6 beds, 3 baths, and 3,640 SqFt: A rare, income-generating opportunity: this property includes a classic duplex, a detached ADU, and is being sold along with the adjacent lot (MLS: 24148834); offering .24 acres together and excellent flexibility for investors, developers, or multi-generational living. With three rentable units, each with private entrances and access to shared outdoor space, the layout supports strong rental performance. The main home includes two units (A/B) and both have significant plumbing upgrades, including all new pex plumbing and a new water main from the meter. UNIT A features a spacious covered front porch, a generous living/dining area, a functional kitchen, and two bedrooms with shared bath access. A covered deck leads to a fully fenced backyard, creating a sense of privacy and space. UNIT B offers an upper-level retreat with vaulted ceilings, an open floorplan, and expansive windows for natural light and a balcony with territorial views. A recently updated gas furnace adds to its efficiency and comfort. UNIT C (ADU) is a 792 SqFt, well-designed two-bedroom unit with a private fenced patio and a smart floor plan. Recent system updates - including a newer roof, water main, gas wall furnace and 2023 electrical panel - boost peace of mind and reduce overhead. A shared basement includes separate laundry hookups and large storage rooms for each unit, along with new (2024) water heaters for units A/B. With multiple revenue streams and built-in flexibility, this is a practical, value-driven investment with room to grow.

Listing Agent

Steve Brian

Living Room Realty License #201210578 Listed on: 04/16/2025

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,106

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Property Views

  • Woods
  • Territorial

Home Design

  • Shingle Roof
  • Composition Roof
  • Lap Siding
  • Cedar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Parking

  • Driveway
  • Off-Street Parking

Schools

  • Marysville Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Floor Furnace
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • 3-Story Property
  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number R217104

Community Details

Overview

  • 3 Units
  • Lents Subdivision

Building Details

  • Operating Expense $24,343
  • Gross Income $55,740
  • Net Operating Income $31,397

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,106

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1925
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, FullBasement, StorageSpace
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: FloodZone, Level, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition, Shingle
  • View: Territorial,TreesWoods

Garage/Parking

  • Parking Description: Driveway, OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: FloorFurnace, ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Lent
  • High School: Franklin
  • Middle Or Junior School: Kellogg
  • Elementary School #2: Marysville

Lot Info

  • Zoning: R7
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R217104

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7106.5

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 9.87
  • Annual Gross Income: 55740.0
  • Property Net Operating Income: 31397.0
  • Annual Operating Expense: 24343.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $7,107 $257,880 $0 $0
2022 $6,685 $250,370 $0 $0
2021 $6,572 $243,080 $0 $0
2020 $6,029 $236,000 $0 $0
2019 $5,807 $229,130 $0 $0
2018 $5,637 $222,460 $0 $0
2017 $5,403 $215,990 $0 $0
2016 $4,582 $209,700 $0 $0
2015 $3,871 $203,600 $0 $0
2014 $3,387 $197,670 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 For Sale $550,000 0.0% --
07/12/2025 07/12/25 Off Market $550,000 -- --
05/08/2025 05/08/25 Price Changed $125,000 -77.3% --
05/08/2025 05/08/25 Price Changed $550,000 -4.3% --
04/16/2025 04/16/25 For Sale $575,000 +342.3% --
02/20/2025 02/20/25 For Sale $130,000 0.0% --
11/12/2024 11/12/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $130,000 0.0% --
03/05/2024 03/05/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $130,000 +30.0% --
10/21/2022 10/21/22 Sold $100,000 -20.0% $47 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
09/20/2022 09/20/22 For Sale $125,000 0.0% $59 / Sq Ft
08/23/2022 08/23/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $125,000 0.0% $59 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $125,000 -- $59 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Special Warranty Deed $125,000 Accommodation
Trustee Deed $195,739 None Available
Warranty Deed $206,000 Fidelity Natl Title Co Of Or
Warranty Deed $167,500 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Credit Line Revolving
Previous Owner $228,750 Fannie Mae Freddie Mac
Previous Owner $164,800 Purchase Money Mortgage
Previous Owner $159,125 Purchase Money Mortgage
Closed $41,200 No Value Available
Source: Public Records

Similar Homes in Portland, OR

  • 4840 NE 99th Ave, Portland, OR 97220

    $595,000

    • 6 Beds
    • 4 Baths
    • 1,974 Sq Ft
    • 4840 NE 99th Ave
    • Portland, OR

    *** ASTONISHING CASH FLOW *** OVER 9% CAP RATE *** This amazing cash flow is a rare find. HURRY NOW BEFORE THIS GREAT DEAL IS GONE!!! Very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available

    Jason Kennedy RE/MAX Equity Group

    Section Image
  • 212 SW Hamilton St Unit 214, Portland, OR 97239

    $675,000

    • 5 Beds
    • 4 Baths
    • 2,508 Sq Ft
    • 212 SW Hamilton St
    • Unit 214
    • Portland, OR

    Fantastic Income producing duplex in prime Hamilton Heights Location! This beautifully maintained property offers two spacious units ideal for living in one and renting the other. Its also a great investment property or multi-generational living. The upper unit features 2 bedrooms and 2 bathrooms, a generous living room with fireplace, soaring ceilings, stunning wood paneling, and oversized

    Nick Shivers Keller Williams PDX Central

    Section Image
  • 9832 N Clarendon Ave Unit 9836, Portland, OR 97203

    $675,000

    • 4 Beds
    • 4 Baths
    • 2,864 Sq Ft
    • 9832 N Clarendon Ave
    • Unit 9836
    • Portland, OR

    Charming Duplex with Bonus Basement Unit in the Heart of St. JohnsNestled in the vibrant St. Johns neighborhood, this versatile duplex presents a fantastic opportunity for both homeowners and investors. Each side of the duplex offers 1 spacious bedroom and 1 full bathroom, with light-filled, open-concept living areas that blend comfort and functionality—perfect for families, professionals, or

    Rebecca Smith eXp Realty, LLC

    Section Image
  • 9630 SE Foster Rd Unit 9634, Portland, OR 97266

    $675,000

    • 6 Beds
    • 3 Baths
    • 2,424 Sq Ft
    • 9630 SE Foster Rd
    • Unit 9634
    • Portland, OR

    between August 1st to August 7th contact listing agent via email Assumable FHA loan at 2.375% This updated triplex at 9630 SE Foster Rd, Portland presents an excellent investment opportunity. With a new roof and new siding, the property is in top condition, requiring minimal upkeep. Additionally, a 10% rent increase is set to take effect in July. enhancing the potential growth future cash flow.

    Amit Amshalom RE/MAX Equity Group

    Section Image
  • 5609 SE 117th Ave, Portland, OR 97266

    $630,000

    • 5 Beds
    • 3 Baths
    • 5609 SE 117th Ave
    • Portland, OR

    Nestled in the Powellhurst-Gilbert neighborhood, this spacious 2-story duplex offers both comfort and opportunity. Sitting on a generous .23-acre lot, the property provides ample space with room for multiple vehicles and a fenced yard.The larger unit is vacant and move-in ready, featuring brand-new carpet and fresh interior paint, making it an ideal choice for a new occupant or investment rental.

    Jamie Girvin Coldwell Banker Bain

    Section Image
  • 10723 SE Henderson St, Portland, OR 97266

    $595,000

    • 4 Beds
    • 4 Baths
    • 10723 SE Henderson St
    • Portland, OR

    Well maintained duplex in popular Mt. Scott area. Close to park. New roof in 2024. Fenced back yard with decks. Both units have single car garages. 10723 has a garage opener. 7101 has central air conditioning. Listing agent is also the current owner of the property. Do not disturb tenants. Property shown by appointment only. [Home Energy Score = 8. HES Report at

    David Bunnell Mal & Seitz

    Section Image
  • 11804 SE Harold St Unit 11806, Portland, OR 97266

    $499,000

    • 4 Beds
    • 2 Baths
    • 1,664 Sq Ft
    • 11804 SE Harold St
    • Unit 11806
    • Portland, OR

    This stylish, one-level duplex has been recently updated with new electrical panels and a newer roof with multiple new vents. Each unit features sliding glass doors that open to a spacious, private fenced backyard. The .42-acre property offers a versatile 88' x 88' flat, open grassy area—ideal for extensive parking, storage, or potential future subdividing. Interior photos are virtually staged

    Kirt Dye John L. Scott

    Section Image
  • 8416 SE Insley St Unit 8420, Portland, OR 97266

    $499,900

    • 5 Beds
    • 3 Baths
    • 2,228 Sq Ft
    • 8416 SE Insley St
    • Unit 8420
    • Portland, OR

    Nice and clean triplex ready to buy and add to your real estate portfolio. Easy access to freeway and public transportation and consistent tenants in place makes this a smart investment. Nice updates in these units with newer kitchens, granite counters, new floors, newer paint and window coverings. Rents are currently below market which offers some room for future upside.

    Chris Suarez Keller Williams Sunset Corridor

    Section Image
  • 5829 SE 80th Ct Unit 5831, Portland, OR 97206

    $559,900

    • 4 Beds
    • 2 Baths
    • 1,560 Sq Ft
    • 5829 SE 80th Ct
    • Unit 5831
    • Portland, OR

    Updated Duplex in the vibrant Mt. Scott-Arleta neighborhood, perfect for new investors, those just starting out, or the experienced entrepreneur. Rent one side out and live in the other? Options are endless. The updated side has new LPV flooring, updated kitchen with stainless steel appliances and a deck in the back, perfect for those summer BBQs and fall nights. Big ticket items such as the roof

    Phillip Johnson Realty First

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 528845755

Regional Multiple Listing Service (RMLS)

APN: R217104