NOT LISTED FOR SALE

6850 NE Emerson St Portland, OR 97218

Cully Neighborhood

Estimated Value: $429,000 - $759,959

5 Beds
4 Baths
4,332 Sq Ft
$142/Sq Ft Est. Value

Last Sold August 28, 2018

Last sale price $575,000 $133 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,105/month

35 Days on Market

Highlights

  • Wood Flooring
  • Washer and Dryer
  • 1-Story Property
  • Garage
  • Level Lot

About This Home

As of August 2018

Excellent income producing property with terrific Gross Rent Multi (8.33) and CAP Rate (9.90%). All Units leased. Large 3 bedrooms/2 bathrooms detached house, charming 2 bedrooms/1 bathroom detached house, large mechanic shop plus studio inside grandfathered for use and 2 detached garage rented separately. All Tenants recently signed new leases extension, simply just come in to collect rent. Listing Agent is the owner.

Last Agent to Sell the Property

Sang Vu

Rarebird Real Estate License #201220018 Listed on: 06/15/2018

Last Buyer's Agent

Jason Kennedy

RE/MAX Equity Group License #200501139

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,134

Year Built

  • Built in 1952

Lot Details

  • Level Lot

Parking

  • Garage

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Partial Basement
  • Range
  • Washer and Dryer

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,134

Year Built

Built in 1952

Lot Details

0

Parking

6

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4332
  • Stories: 1
  • Year Built: 1952
  • Property Condition: Restored
  • Remarks Public: Excellent income producing property with terrific Gross Rent Multi (8.33) and CAP Rate (9.90%). All Units leased. Large 3 bedrooms/2 bathrooms detached house, charming 2 bedrooms/1 bathroom detached house, large mechanic shop plus studio inside grandfathered for use and 2 detached garage rented separately. All Tenants recently signed new leases extension, simply just come in to collect rent. Listing Agent is the owner.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PADDOCK HOMESITES, LOT 7
  • Basement: Partial Basement
  • Storage: Garage(s), Basement

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 15,000 to 19,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Slab

Garage/Parking

  • Garage Or Parking Spaces: 6
  • Parking Description: Paved, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer, Wood Floors

Lot Info

  • Lot Description: Level
  • Zoning: R7

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5863.84
  • Assessor Parcel Number: R232633
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 8.33

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
08/28/2018 08/28/18 Sold $575,000 0.0% $133 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $575,000 -- $133 / 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
2021 $7,134 $263,840 $0 $0
2020 $7,134 $256,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sang Vu

    Rarebird Real Estate

    (503) 451-0545

    3 in this area

    28 Total Sales

    Section Image
  • Jason Kennedy

    Buyer's Agent in 2018

    Jason Kennedy

    RE/MAX

    (503) 679-0554

    1 in this area

    184 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18338162

Regional Multiple Listing Service (RMLS)

APN: R232633

Oregon Multnomah County Portland 97218 Cully

6850 NE Emerson St, Portland, OR

This home is located at 6850 NE Emerson St, Portland, OR 97218 since 15 June 2018 and is currently estimated at $615,653, approximately $142 per square foot. This property was built in 1952. 6850 NE Emerson St is a home located in Multnomah County with nearby schools including Scott Elementary School, Roseway Heights School, and Leodis V. McDaniel High School.

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