NOT LISTED FOR SALE

6431 SE Rhone St Unit 6437 Portland, OR 97206

Foster-Powell Neighborhood

Estimated Value: $699,000 - $878,000

8 Beds
4 Baths
2,831 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $871,900 $308 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,166/month

70 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 1-Story Property
  • Creston Elementary School Rated 9+
  • Zoned Heating
  • 4-minute walk to Kern Park

About This Home

As of July 2024

Welcome to Rhone Street Plex is a single-story fourplex constructed in 1961, situated on a tranquil corner in the Foster-Powell neighborhood. The property has been meticulously maintained, with some units boasting refinished hardwood floors. Each unit features two bedrooms and one charming bathroom. The location just south of Powell Blvd offers convenient access to nearby restaurants, entertainment, and shopping options. One unit is available for buyers looking to occupy it.

Last Agent to Sell the Property

Risa Davis

eXp Realty, LLC Brokerage Phone: 503-358-4311 License #200308111 Listed on: 03/25/2024

eXp Realty, LLC

Co-Listed By

Lillie Barr

eXp Realty, LLC Brokerage Phone: 503-358-4311 License #201252433

Last Buyer's Agent

Joe Hernandez

Portland Digs License #200809063

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,708

Year Built

  • Built in 1961

Lot Details

  • 7,840 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,831 Sq Ft Home
  • 1-Story Property

Parking

  • On-Street Parking
  • Off-Street Parking

Schools

  • Mt Scott Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes electricity, sewer, trashcollection, water
  • Assessor Parcel Number R204816

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Foster Powell Neighborhood Subdivision

Building Details

  • Operating Expense $10,907
  • Gross Income $46,260
  • Net Operating Income $35,353

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,708

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1961
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Lot Size Range: SqFt7000to9999

Exterior Features

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

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Mt Scott
  • High School: Franklin
  • Middle Or Junior School: Kellogg

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.0
  • Parcel #: R204816

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 8707.74

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 19.43
  • Annual Gross Income: 46260.0
  • Property Net Operating Income: 35353.0
  • Annual Operating Expense: 10907.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
Jul 15, 2024
Sold by
Stone Living Trust and Davis Risa J
Bought by
Parra Jose and Vasquez Eduwiges
Seller's Agent
Risa Davis
eXp Realty, LLC
Buyer's Agent
Joe Hernandez
Portland Digs
List Price
$999,990
Sold Price
$871,900
Premium/Discount to List
-$128,090
-12.81%
Views
35
Current Estimated Value
$828,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,261
Avg. Annual Appreciation
-4.09%
Original Mortgage
$653,925
Outstanding Balance
$646,115
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$182,524

Purchase Details

Closed on
Nov 9, 2021
Sold by
6431 Se Rhone Llc
Bought by
Stone Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$721,275
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2010
Sold by
Owen Properties Llc
Bought by
6431 Se Rhone Llc

Purchase Details

Closed on
Jun 2, 1997
Sold by
Owen Susan A
Bought by
Owen Phillip E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.08%
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
Parra Jose $871,900 Lawyers Title
Stone Living Trust $961,700 Chicago Title
6431 Se Rhone Llc -- None Available
Owen Properties Llc -- None Available
Owen Phillip E -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parra Jose $653,925
Previous Owner Stone Living Trust $721,275
Previous Owner Owen Phillip E $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2024 07/17/24 Sold $871,900 -3.0% $308 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/20/2024 05/20/24 Price Changed $899,000 -10.1% $318 / Sq Ft
03/25/2024 03/25/24 For Sale $999,990 +4.0% $353 / Sq Ft
01/18/2022 01/18/22 Sold $961,700 -1.4% $340 / Sq Ft View Prior Sale
09/29/2021 09/29/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $975,000 -- $344 / 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
2024 $9,056 $338,460 -- --
2023 $8,708 $328,610 $0 $0
2022 $8,519 $319,040 $0 $0
2021 $8,375 $309,750 $0 $0
2020 $7,683 $300,730 $0 $0
2019 $7,400 $291,980 $0 $0
2018 $7,183 $283,480 $0 $0
2017 $6,884 $275,230 $0 $0
2016 $6,300 $267,220 $0 $0
2015 $6,135 $259,440 $0 $0
2014 $5,988 $251,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Risa Davis

    Seller's Agent in 2024

    Risa Davis

    eXp Realty, LLC

    (503) 358-4311

    3 in this area

    39 Total Sales

    Risa Davis
    Section Image

  • L

    Seller Co-Listing Agent in 2024

    Lillie Barr

    eXp Realty, LLC

    (888) 814-9613

    3 in this area

    21 Total Sales

    Lillie Barr
    Section Image
  • Joe Hernandez

    Buyer's Agent in 2024

    Joe Hernandez

    Portland Digs

    (503) 807-6165

    1 in this area

    25 Total Sales

    Joe Hernandez
    Section Image
  • Reuben Schug

    Seller's Agent in 2022

    Reuben Schug

    Windermere Realty Trust

    (503) 754-1930

    1 in this area

    175 Total Sales

    Reuben Schug
    Section Image
  • Maria Sworske

    Buyer's Agent in 2022

    Maria Sworske

    Realty One Group Prestige

    (503) 720-6466

    2 in this area

    48 Total Sales

    Maria Sworske
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24176008

Regional Multiple Listing Service (RMLS)

APN: R204816

Oregon Multnomah County Portland 97206 Foster-Powell

6431 SE Rhone St Unit 6437, Portland, OR

This home is located at 6431 SE Rhone St Unit 6437, Portland, OR 97206 since 25 March 2024 and is currently estimated at $828,639, approximately $292 per square foot. This property was built in 1961. 6431 SE Rhone St Unit 6437 is a home located in Multnomah County with nearby schools including Creston Elementary School, Hosford Middle School, and Franklin 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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