NOT LISTED FOR SALE

603 NE 92nd Ave Portland, OR 97220

Montavilla Neighborhood
-- Bed
-- Bath
9,312 Sq Ft
2018 Built

Last Sold July 09, 2024

Last sale price $1,800,000 $193 Per Sq Ft

203 Days on Market

Highlights

  • Corner Lot
  • Garage
  • Lap Siding
  • Zoned Heating

About This Home

As of July 2024

Beautiful newer 5 plex with 4 bedrooms, excellent income investment property. 3 full baths and over size garage with shop. conveniently located, just minutes from 1-84 freeway access short distance to shopping, Max station and restaurants. All units have potential of converting to single family attached townhomes. Please verify with city of Portland. Each unit has separated water and electricity meter..

Last Agent to Sell the Property

Cindy Lam Co-Pfeifer

Premiere Property Group, LLC License #200204255 Listed on: 10/01/2023

Premiere Property Group, LLC

Co-Listed By

Thomas Cardelli

Premiere Property Group, LLC License #201206909

Last Buyer's Agent

Manny Obi

Kelly Right Real Estate of Portland, LLC License #201231015

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,052

Year Built

  • Built in 2018

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 9,312 Sq Ft Home
  • 3-Story Property

Parking

  • Garage
  • Garage Door Opener

Schools

  • Cherry Park Elementary School
  • Floyd Light Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R498064

Community Details

Overview

  • 5 Units
  • Property managed by Rent Portland Homes

Building Details

  • Operating Expense $31,858
  • Gross Income $154,260
  • Net Operating Income $114,133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,052

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2018
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, GarageDoorOpener
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: Rent Portland Homes
  • Management Phone: 503-515-3170

Schools

  • Elementary School: Cherry Park
  • High School: David Douglas
  • Middle Or Junior School: Floyd Light

Lot Info

  • Zoning: R2
  • Parcel #: R498064

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 17051.55

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 12.32
  • Annual Gross Income: 154260.0
  • Property Net Operating Income: 114133.0
  • Annual Operating Expense: 31858.0

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
07/09/2024 07/09/24 Sold $1,800,000 -5.3% $193 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
03/20/2024 03/20/24 Price Changed $1,899,990 -7.3% $204 / Sq Ft
10/18/2023 10/18/23 Price Changed $2,049,900 -8.9% $220 / Sq Ft
10/02/2023 10/02/23 For Sale $2,250,000 -- $242 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cindy Lam Co-Pfeifer

    Seller's Agent in 2024

    Cindy Lam Co-Pfeifer

    Premiere Property Group, LLC

    (503) 908-1694

    2 in this area

    121 Total Sales

    Cindy Lam Co-Pfeifer
    Section Image
  • Thomas Cardelli

    Seller Co-Listing Agent in 2024

    Thomas Cardelli

    Premiere Property Group, LLC

    (503) 519-3702

    2 in this area

    124 Total Sales

    Thomas Cardelli
    Section Image

  • M

    Buyer's Agent in 2024

    Manny Obi

    Kelly Right Real Estate of Portland, LLC

    (503) 449-8334

    1 in this area

    53 Total Sales

    Manny Obi
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23375848

Regional Multiple Listing Service (RMLS)
Oregon Multnomah County Portland 97220 Montavilla

603 NE 92nd Ave, Portland, OR

This home is located at 603 NE 92nd Ave, Portland, OR 97220 since 01 October 2023. This property was built in 2018. 603 NE 92nd Ave is a home located in Multnomah County with nearby schools including Vestal Elementary School, Leodis V. McDaniel High School, and Columbia Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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