NOT LISTED FOR SALE

6040 NE Killingsworth St Portland, OR 97218

Cully Neighborhood
8 Beds
4 Baths
3,120 Sq Ft
1979 Built

Last Sold November 30, 2021

Last sale price $685,000 $220 Per Sq Ft

Highlights

  • Fireplace
  • Property is near a bus stop
  • 1-Story Property

About This Home

As of November 2021

Below market rents & fully occupied with long-term tenants. Immediate value with rent bump. Excellent ARV opportunity. Property features 2 separate duplexes on 2 tax lots. Zoning for 1 lot is RM1, which supports up to 5 additional units. Zoning for the other is CM1, which also supports additional units. Each unit has 2 bedrooms, fireplace, wash/dry hookups, & upgraded fixtures in kitchens & bathrooms. Located on the TriMet bus line near shopping & restaurants. Please do not disturb tenants.

Last Agent to Sell the Property

David Sobolik

Knipe Realty ERA Powered License #201236397 Listed on: 10/02/2020

Knipe Realty ERA Powered

Last Buyer's Agent

Steven Wong

Premiere Property Group, LLC License #931000070

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Home Design

  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Fireplace

Kitchen

  • Range
  • Dishwasher

Parking

  • Paved Parking
  • Open Parking

Additional Features

  • Property is near a bus stop
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3120
  • Stories: 1
  • Year Built: 1979
  • Remarks Public: Below market rents & fully occupied with long-term tenants. Immediate value with rent bump. Excellent ARV opportunity. Property features 2 separate duplexes on 2 tax lots. Zoning for 1 lot is RM1, which supports up to 5 additional units. Zoning for the other is CM1, which also supports additional units. Each unit has 2 bedrooms, fireplace, wash/dry hookups, & upgraded fixtures in kitchens & bathrooms. Located on the TriMet bus line near shopping & restaurants. Please do not disturb tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PRIMROSE PK, BLOCK 4, E 35' OF LOT 5, E 35' OF LOT 7 EXC PT IN ST

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 10K-14,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Range, Refrigerator

Schools

  • Elementary School: Scott
  • Middle School: Roseway Heights
  • High School: Leodis McDaniel

Lot Info

  • Lot Description: On Busline
  • Zoning: CM1/RM1

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 7002.19
  • Assessor Parcel Number: R250186
  • Assessor Parcel Number 2: R250187
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.21

MLS Schools

  • Elementary School: Scott
  • High School: Leodis McDaniel
  • Middle School: Roseway Heights

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 List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $685,000 +5.4% $220 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
10/12/2021 10/12/21 Price Changed $650,000 -10.3% $208 / Sq Ft
10/11/2021 10/11/21 For Sale $725,000 +5.8% $232 / Sq Ft
10/01/2021 10/01/21 Off Market $685,000 -- --
09/03/2021 09/03/21 Price Changed $725,000 -9.4% $232 / Sq Ft
07/01/2021 07/01/21 For Sale $799,900 +16.8% $256 / Sq Ft
05/16/2021 05/16/21 Off Market $685,000 -- --
01/08/2021 01/08/21 For Sale $799,900 +16.8% $256 / Sq Ft
11/30/2020 11/30/20 Off Market $685,000 -- --
10/22/2020 10/22/20 Price Changed $824,900 -3.0% $264 / Sq Ft
10/02/2020 10/02/20 For Sale $850,000 -- $272 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20282959

Regional Multiple Listing Service (RMLS)