NOT LISTED FOR SALE

686 SE Spokane St Portland, OR 97202

Sellwood Neighborhood
8 Beds
8 Baths
10,332 Sq Ft
2017 Built

Last Sold January 09, 2018

Last sale price $3,150,000 $305 Per Sq Ft

173 Days on Market

Highlights

  • Newly Remodeled
  • Level Lot
  • Mini Split Heat Pump
  • Llewellyn Elementary School Rated A-

About This Home

As of January 2018

The EastBank Quarters is a beautiful new construction 12 unit apartment building in the heart of the desirable Sellwood neighborhood. Tenants enjoy spacious and luxurious living in these modern units with stunning views from the top floors. Expansive windows give the EastBank Quarters a look and feel that is unmatched in the area. Investors can enjoy Sellwood's low vacancy and premium rents. Building is 92% leased as of 10/6/2017.

Last Agent to Sell the Property

Nick Krautter

City and State Real Estate License #200601292 Listed on: 05/04/2017

Co-Listed By

Thomas Geffner

City and State Real Estate License #201219490

Last Buyer's Agent

Bernard Gehret

Joseph Bernard LLC

Joseph Bernard LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,959

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • Level Lot

Home Design

  • 10,332 Sq Ft Home

Schools

  • Llewellyn Elementary School
  • Sellwood Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Mini Split Heat Pump

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R266766

Community Details

Overview

  • 12 Units
  • Sellwood Subdivision

Building Details

  • Operating Expense $52,926
  • Gross Income $215,346
  • Net Operating Income $162,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,959

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 2017
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Exempt

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling: Other
  • Cooling Y N: No
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Llewellyn
  • High School: Cleveland
  • Middle Or Junior School: Sellwood

Lot Info

  • Zoning: CS
  • Parcel #: R266766

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 2958.74

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 14.63
  • Annual Gross Income: 215346.0
  • Property Net Operating Income: 162420.0
  • Annual Operating Expense: 52926.0

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
01/09/2018 01/09/18 Sold $3,150,000 +1.6% $305 / Sq Ft
10/24/2017 10/24/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $3,100,000 -- $300 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nick Krautter

    City and State Real Estate

    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Thomas Geffner

    City and State Real Estate

  • Bernard Gehret

    Buyer's Agent in 2018

    Bernard Gehret

    Joseph Bernard LLC

    (503) 546-9390

    12 Total Sales

    Bernard Gehret
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17570445

Regional Multiple Listing Service (RMLS)

APN: R266766

Oregon Multnomah County Portland 97202 Sellwood

686 SE Spokane St, Portland, OR

This home is located at 686 SE Spokane St, Portland, OR 97202 since 04 May 2017. This property was built in 2017. 686 SE Spokane St is a home located in Multnomah County with nearby schools including Llewellyn Elementary School, Sellwood Middle School, and Cleveland 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.

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