NOT LISTED FOR SALE

6965 N Fessenden St Portland, OR 97203

Saint Johns Neighborhood

Estimated Value: $1,281,318

-- Bed
7 Baths
8,775 Sq Ft
$146/Sq Ft Est. Value

Last Sold February 18, 2020

Last sale price $1,030,000 $117 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,655/month

7 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Controlled Entrance
  • Security Gate
  • Zoned Heating
  • 3-minute walk to George Park

About This Home

As of February 2020

Well maintained turn-key investment property with 6 rental apts, ground floor commercial retail space and food cart pod. Fully rented with great cash flow. Reasonable rents with Units sub-metered for water. Great cap rate. Units shown subject to accepted offer. Three units could be converted to 2 beds. Buyer to confirm. **PLEASE DO NOT DISTURB TENANTS** Ask your agent to download financials.

Last Listed By

Frank Marzetta

Premiere Property Group, LLC License #201216814 Listed on: 11/13/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,782

Year Built

  • Built in 1912

Lot Details

  • Corner Lot

Home Design

  • Flat Roof Shape

Interior Spaces

  • 8,775 Sq Ft Home
  • 2-Story Property
  • Storage
  • Basement Fills Entire Space Under The House
  • Security Gate

Parking

  • Assigned Parking
  • Controlled Entrance

Schools

  • James John Elementary School
  • George Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R151492

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $14,918
  • Gross Income $104,700
  • Net Operating Income $89,782

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,782

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1912
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: ManMade
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Roof: Flat

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: James John
  • High School: Roosevelt
  • Middle Or Junior School: George

Lot Info

  • Zoning: CM1
  • Parcel #: R151492

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 4782.07

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 9.54
  • Annual Gross Income: 104700.0
  • Property Net Operating Income: 89782.0
  • Annual Operating Expense: 14918.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2019
Closed on
Feb 13, 2020
Sold by
Smith Amell John Francis and Smith Amell Gary Lawrence
Bought by
Amp Bm Llc
Seller's Agent
Frank Marzetta
Premiere Property Group, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$999,000
Sold Price
$1,030,000
Premium/Discount to List
$31,000
3.1%
Total Days on Market
7
Current Estimated Value
$1,281,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,318
Avg. Annual Appreciation
4.29%
Original Mortgage
$638,300
Outstanding Balance
$359,245
Interest Rate
3.72%
Mortgage Type
Commercial
Estimated Equity
$926,198

Purchase Details

Closed on
Mar 5, 2008
Sold by
Smith John Francis and Amell Gary L
Bought by
Smith John Francis and Amell Gary Lawrence

Purchase Details

Closed on
Jul 8, 2004
Sold by
Hitchcock Walter A and Hitchcock Kristi
Bought by
Smith John Francis and Amell Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 10, 1996
Sold by
Matveev Ivan
Bought by
Matveev Kalinik

Purchase Details

Closed on
Jul 2, 1996
Sold by
Roth Richard A and Roth Sandra I
Bought by
Mcgown Robert and Mcgowan Robert

Purchase Details

Closed on
Jun 26, 1996
Sold by
Wiles Tom and Wiles Thomas P
Bought by
Matveev Ivan

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

Purchase History

Date Buyer Sale Price Title Company
Amp Bm Llc $1,030,000 Wfg Title
Smith John Francis -- Security Title Guaranty
Smith John Francis $335,000 Fidelity Natl Title Co Of Or
Matveev Kalinik -- Ticor Title
Wiles Thomas P -- Ticor Title
Mcgown Robert -- Ticor Title
Matveev Ivan -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amp Bm Llc $638,300
Previous Owner Smith John Francis $50,000
Previous Owner Smith John Francis $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2020 02/18/20 Sold $1,030,000 +3.1% $117 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
11/13/2019 11/13/19 For Sale $999,000 -- $114 / 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 $5,797 $218,770 $0 $0
2022 $5,672 $212,400 $0 $0
2021 $5,576 $206,220 $0 $0
2020 $5,115 $200,220 $0 $0
2019 $5,079 $194,390 $0 $0
2018 $4,782 $188,730 $0 $0
2017 $4,583 $183,240 $0 $0
2016 $4,195 $177,910 $0 $0
2015 $4,085 $172,730 $0 $0
2014 $4,023 $167,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Frank Marzetta

    Seller's Agent in 2020

    Frank Marzetta

    Premiere Property Group, LLC

    Section Image

  • O

    Buyer's Agent in 2020

    OR and WA Non Rmls

    Non Rmls Broker

    (503) 236-7657

    29 in this area

    23,604 Total Sales

    OR and WA Non Rmls
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19453648

Regional Multiple Listing Service (RMLS)

APN: R151492

Oregon Multnomah County Portland 97203 Saint Johns

6965 N Fessenden St, Portland, OR

Homes for Sale in Portland, OR

This home is located at 6965 N Fessenden St, Portland, OR 97203 since 13 November 2019 and is currently priced at $1,281,318, approximately $146 per square foot. This property was built in 1912. 6965 N Fessenden St is a home located in Multnomah County with nearby schools including James John Elementary School, George Middle School, and Roosevelt 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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