$728,000
SOLD AUG 29, 2024
-- Bed
-- Bath
3,028 Sq Ft
6,969 Sq Ft Lot

Recently Sold

$240 Per Sq Ft

12 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Forced Air Heating System

About This Home

As of August 2024

INVESTOR ALERT! Welcome to this well-maintained triplex, ideal for investors or owner-occupants alike! This versatile property located near University of Portland features three distinct units, each offering unique advantages. Unit 1: Situated on the main level, this unit boasts 2 bedrooms, 1 bath, an extra room for an office, dining room, and kitchen and bathroom (professionally updated 2018). Enjoy modern amenities with timeless charm and a spacious layout ideal for comfortable living. Unit 2: Located on the upper level, this unit features 2 bedrooms with non-conforming 3rd or possible office and 1 bath, plus large kitchen, dining room and living room. Experience elevated living with ample space on two private balconies and outdoor access. Unit 3: A cozy studio in the basement, this unit was professionally added in 2018. Perfect for minimalistic living with its efficient layout, this unit offers a compact yet comfortable living space with kitchenette, bedroom/living space, walk-in closet and full bathroom with walk-in shower. All units are currently vacant, offering the potential to rent at current market rates immediately. The property also provides the flexibility for owner-occupancy, allowing you to choose the unit that best suits your needs while renting out the others. Inquire with your lender about 5% down financing options for owner-occupancy. Additional features include a shared laundry space in the basement, extra storage, and a communal backyard space. A perfect retreat for all tenants to enjoy. Parking is convenient with 3 parking spaces (2 covered) and additional street parking available. Don't miss out on this fantastic investment opportunity. Schedule a showing today and explore the possibilities!

Last Agent to Sell the Property

Darci Buckland

Premiere Property Group, LLC License #201228618 Listed on: 07/11/2024

Premiere Property Group, LLC

Last Buyer's Agent

Jill Pereira

Windermere Realty Trust License #201205366

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,377

Year Built

  • Built in 1906 | Remodeled

Lot Details

  • 6,969 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,028 Sq Ft Home
  • 3-Story Property

Partially Finished Basement

  • Apartment Living Space in Basement
  • Basement Storage

Parking

  • 3 Parking Spaces
  • Covered Parking
  • Off-Street Parking

Schools

  • Astor Elementary And Middle School
  • Roosevelt High School

Utilities

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

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R307591

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • University Park Subdivision

Building Details

  • Operating Expense $10,000
  • Gross Income $27,600
  • Net Operating Income $17,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,377

Year Built

Built in 1906 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1906
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartiallyFinished, SeparateLivingQuartersApartmentAuxLivingUnit, StorageSpace
  • Storage: Basement
  • Lot Size Range: SqFt7000to9999

Exterior Features

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

Garage/Parking

  • Parking Description: Covered, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Astor
  • High School: Roosevelt
  • Middle Or Junior School: Astor

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R307591

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 6377.19

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 26.27
  • Annual Gross Income: 27600.0
  • Property Net Operating Income: 17600.0
  • Annual Operating Expense: 10000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Aug 28, 2024
Sold by
Bishop Living Trust and Bishop Sharon R
Bought by
Bowe Stephen Thomas and Bowe Morgan Shea
Seller's Agent
Darci Buckland
Premiere Property Group, LLC
Buyer's Agent
Jill Pereira
Windermere Realty Trust
List Price
$725,000
Sold Price
$728,000
Premium/Discount to List
$3,000
0.41%
Total Days on Market
12
Views
2
Current Estimated Value
$841,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,119
Avg. Annual Appreciation
10.15%
Original Mortgage
$728,000
Outstanding Balance
$568,954
Interest Rate
6.77%
Mortgage Type
VA
Estimated Equity
$232,181
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $728,000 Wfg Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $728,000 VA
Closed $728,000 VA
Previous Owner $79,397 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Sold $728,000 +0.4% $240 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $725,000 -- $239 / 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 $6,632 $247,880 -- --
2023 $6,377 $240,660 $0 $0
2022 $6,239 $233,650 $0 $0
2021 $6,133 $250,210 $0 $0
2020 $5,627 $242,930 $0 $0
2019 $5,420 $235,861 $0 $0
2018 $5,008 $219,030 $0 $0
2017 $4,800 $212,660 $0 $0
2016 $4,393 $186,310 $0 $0
2015 $4,278 $180,890 $0 $0
2014 $4,213 $175,630 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24106021

Regional Multiple Listing Service (RMLS)

APN: R307591