$724,999
PENDING

Estimated payment $4,426/month

Total Views 2,986
5 Beds
3 Baths
2,266 Sq Ft
$320 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Lap Siding
  • Beach Elementary School Rated A-

About This Home

INVESTORS...... take advantage of this special cash flow opportunity! Special financing for an investment or DSCR Loan program; 3 UNITS to be rented. Reach out to learn more.Two Single Family Homes + Bungalow/She Shed – Perfect for Investors or Multi-Generational Living!Nestled on one lot, this unique property offers endless possibilities. The main house is full of charm, featuring hardwood floors throughout, a spacious kitchen, and a welcoming layout that includes 2 bedrooms, an office, living room, dining room, and a full basement—offering plenty of storage space. Recent updates include a new roof (replaced in 2019), along with a new AC and furnace (2023), ensuring comfort and peace of mind for years to come.Step outside into the fully fenced backyard, complete with a deck, ideal for entertaining or relaxing in privacy. Additionally, the property includes a separate Bungalow/She Shed, perfect for use as a studio, guest house. 5919a offers 2 bedrooms—one upstairs and one downstairs—and a newly remodeled kitchen. The home also includes a laundry area, full basement with locked storage, sump pump, newer AC and furnace, and a fenced front courtyard, providing additional outdoor space and privacy.This property is perfect for investors looking to generate rental income or families seeking multi-generational living options.

Listing Agent

Wendi Mueller

Keller Williams Realty Portland Premiere License #200310137 Listed on: 04/05/2025

Keller Williams Realty Portland Premiere

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,065

Year Built

  • Built in 1911

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Schools

  • Beach Elementary School
  • Ockley Green Middle School
  • Roosevelt High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R228491

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Overlook / Arbor Lodge Subdivision

Building Details

  • Operating Expense $9,586
  • Gross Income $43,960
  • Net Operating Income $34,374

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,065

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1911
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Storage: Basement
  • Total Bedrooms: 5
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Beach
  • High School: Roosevelt
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: R5
  • Parcel #: R228491

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5064.51

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 16.49
  • Annual Gross Income: 43960.0
  • Property Net Operating Income: 34374.0
  • Annual Operating Expense: 9586.0

Map

Range of Values:

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Average Value
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Sold Price
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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 $5,065 $183,780 $0 $0
2022 $4,764 $178,430 $0 $0
2021 $4,684 $173,240 $0 $0
2020 $4,297 $168,200 $0 $0
2019 $4,139 $163,310 $0 $0
2018 $4,018 $158,560 $0 $0
2017 $3,851 $153,950 $0 $0
2016 $3,524 $149,470 $0 $0
2015 $3,432 $145,120 $0 $0
2014 $3,380 $140,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Pending -- -- --
04/25/2025 04/25/25 For Sale $724,999 0.0% $320 / Sq Ft
04/06/2025 04/06/25 Pending -- -- --
04/05/2025 04/05/25 For Sale $724,999 +36.8% $320 / Sq Ft
03/12/2019 03/12/19 Sold $530,000 -3.6% $207 / Sq Ft
01/26/2019 01/26/19 Pending -- -- --
10/03/2018 10/03/18 For Sale $550,000 -- $215 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $530,000 Stewart Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $397,500 New Conventional
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 404336057

Regional Multiple Listing Service (RMLS)

APN: R228491