NOT LISTED FOR SALE

6221 NE Simpson St Portland, OR 97218

Cully Neighborhood

Estimated Value: $397,821 - $806,000

4 Beds
4 Baths
3,250 Sq Ft
$162/Sq Ft Est. Value

Last Sold September 13, 2023

Last sale price $539,000 $166 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,599/month

95 Days on Market

Highlights

  • RV Access or Parking
  • Forced Air Heating System
  • Wood Siding
  • Guest Parking

About This Home

As of September 2023

DND Tenants. Seller financing available. Cashflow producing 4-plex on 1/3 acre, zoned R5. Spacious units, quiet street, upside potential in rents & neighborhood. Huge opportunity for development, cottage cluster, fix & flip, and more.

Last Agent to Sell the Property

George McCleary

McCleary Realty License #200409141 Listed on: 05/18/2023

Last Buyer's Agent

Jacqueline Smith

Keller Williams Premier Partners License #201229167

Keller Williams Premier Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,256

Year Built

  • Built in 1948

Lot Details

  • 0.35

Parking

  • 8 Car Garage
  • Guest Parking
  • RV Access or Parking

Home Design

  • Fixer Upper
  • Composition Roof
  • Wood Siding
  • Shake Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,250 Sq Ft Home
  • 3-Story Property

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Schools

  • Rigler Elementary School
  • Beaumont Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes electricity, gas, sewer, trashcollection, water
  • Assessor Parcel Number R197583

Community Details

Overview

  • 4 Units
  • Cully Subdivision

Building Details

  • Operating Expense $37,500
  • Gross Income $64,596
  • Net Operating Income $30,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,256

Year Built

Built in 1948

Lot Details

0

Parking

8

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1948
  • Property Condition: Fixer
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Finished, FullBasement
  • Storage: Basement,Locked
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: ShakeSiding,WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Gravel, Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Guest, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 8.0
  • Total Parking Spaces: 8.0

Utilities

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

Schools

  • Elementary School: Rigler
  • High School: Leodis McDaniel
  • Middle Or Junior School: Beaumont

Lot Info

  • Zoning: R5
  • Parcel #: R197583

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Gas, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 7256.37

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 8.34
  • Annual Gross Income: 64596.0
  • Property Net Operating Income: 30180.0
  • Annual Operating Expense: 37500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Mccleary Standish George and Mre Ne 11Th Llc
Bought by
Investplus Realty Llc
Current Estimated Value
$525,955

Purchase Details

Closed on
May 23, 2024
Sold by
Buck-Ackerson Andrew and Mireles Lydia
Bought by
Mre Ne 11Th Llc

Purchase Details

Listed on
May 18, 2023
Closed on
Sep 12, 2023
Sold by
Mccleary Standish
Bought by
Buck-Ackerson Andrew and Mireles Lydia
Seller's Agent
George McCleary
McCleary Realty
Buyer's Agent
Jacqueline Smith
Keller Williams Premier Partners
List Price
$539,000
Sold Price
$539,000
Views
161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.28%
Original Mortgage
$479,000
Interest Rate
6.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 27, 2008
Sold by
Mre Holdings Llc
Bought by
Mccleary Standish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2007
Sold by
Mccleary Standish
Bought by
Mre Holdings Llc

Purchase Details

Closed on
Sep 20, 2007
Sold by
Jespersen Diane M
Bought by
Mccleary Standish

Purchase Details

Closed on
Nov 26, 1997
Sold by
Buccella Joseph
Bought by
Jespersen Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.33%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 17, 1995
Sold by
Buccella Joseph
Bought by
Jespersen Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Investplus Realty Llc $396,750 Chicago Title
Mre Ne 11Th Llc $479,000 Chicago Title
Buck-Ackerson Andrew $539,000 Chicago Title Company
Mccleary Standish $360,000 Security Title
Mre Holdings Llc -- None Available
Mccleary Standish $315,000 Security Title
Jespersen Diane M $90,000 Oregon Title Insurance Co
Jespersen Diane M $90,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buck-Ackerson Andrew $479,000
Previous Owner Mccleary Standish $360,000
Previous Owner Jespersen Diane M $301,500
Previous Owner Jespersen Diane M $100,500
Previous Owner Jespersen Diane M $171,000
Previous Owner Jespersen Diane M $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2023 09/13/23 Sold $539,000 0.0% $166 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/15/2023 08/15/23 Price Changed $539,000 0.0% $166 / Sq Ft
08/15/2023 08/15/23 For Sale $539,000 0.0% $166 / Sq Ft
07/14/2023 07/14/23 Off Market $539,000 -- --
07/03/2023 07/03/23 Price Changed $559,000 -6.7% $172 / Sq Ft
06/19/2023 06/19/23 Price Changed $599,000 -4.0% $184 / Sq Ft
05/31/2023 05/31/23 Price Changed $623,900 -3.9% $192 / Sq Ft
05/18/2023 05/18/23 For Sale $649,400 -- $200 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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 $8,322 $279,900 $0 $0
2022 $7,256 $271,750 $0 $0
2021 $7,134 $263,840 $0 $0
2020 $6,544 $256,160 $0 $0
2019 $6,304 $248,700 $0 $0
2018 $6,118 $241,460 $0 $0
2017 $5,864 $234,430 $0 $0
2016 $5,366 $227,610 $0 $0
2015 $5,226 $220,990 $0 $0
2014 $5,147 $214,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2023

    George McCleary

    McCleary Realty

    (503) 332-1610

    1 in this area

    22 Total Sales

    Section Image
  • Jacqueline Smith

    Buyer's Agent in 2023

    Jacqueline Smith

    Keller Williams Premier Partners

    (360) 560-1156

    2 in this area

    1,098 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23183723

Regional Multiple Listing Service (RMLS)

APN: R197583

Oregon Multnomah County Portland 97218 Cully

6221 NE Simpson St, Portland, OR

This home is located at 6221 NE Simpson St, Portland, OR 97218 since 18 May 2023 and is currently estimated at $525,955, approximately $161 per square foot. This property was built in 1948. 6221 NE Simpson St is a home located in Multnomah County with nearby schools including Rigler Elementary School, Beaumont Middle School, and Leodis V. McDaniel High 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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