$1,699,999
$50K PRICE DROP

7011 N Oswego Ave Portland, OR 97203

Cathedral Park Neighborhood

Estimated payment $10,506/month

Total Views 7,354
9 Beds
5 Baths
7,070 Sq Ft
$240 Price per Sq Ft

Highlights

  • 0.23 Acre Lot
  • Zoned Heating
  • Board and Batten Siding
  • Corner Lot
  • Property is near a bus stop

About This Home

Don't miss out on this exceptional investment opportunity! This impeccably maintained and professionally managed 9-plex in the highly sought-after Cathedral Park neighborhood offers a perfect blend of strong rental income and unbeatable location. Featuring 6 spacious two-bedroom units, 2 one-bedroom units, and a charming two-bedroom house, this property provides diverse rental options for maximum appeal. With 8 off-street parking spaces and just minutes from the vibrant downtown St. Johns – home to trendy restaurants, boutique shops, and local hotspots – it’s the perfect spot for tenants. Plus, with public transportation right at your doorstep, convenience is key! New roof in 2024. A Walk Score of 90 and Bike Score of 87 make this an incredibly accessible location. All units are currently rented at market rates, ensuring a steady stream of income from day one. Act fast – opportunities like this don’t last long!

Listing Agent

Cindy Somsanith

Farrell Realty & Property Management, Inc Brokerage Email: info@farrellrealty.com License #201203724 Listed on: 03/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,080

Year Built

  • Built in 1925

Lot Details

  • 10,018 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Board and Batten Siding
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,070 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Location

  • Property is near a bus stop

Schools

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

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R100555

Community Details

Overview

  • 9 Units
  • Cathedral Park Subdivision
  • Property managed by Jeff Rhoades

Building Details

  • Operating Expense $49,861
  • Gross Income $163,620
  • Net Operating Income $113,759

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,080

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1925
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 1699999.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, Unfinished
  • Total Bedrooms: 9
  • Lot Size Range: SqFt7000to9999

Exterior Features

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

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 8.0

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

  • Management Name: Jeff Rhoades
  • Management Phone: 503-283-1900

Schools

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

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.23
  • Lot Size: 9800 lot size
  • Lot Size Sq Ft: 10018.0
  • Parcel #: R100555

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 19080.49

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 10.39
  • Annual Gross Income: 163620.0
  • Property Net Operating Income: 113759.0
  • Annual Operating Expense: 49861.0

Map

Range of Values:

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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 List to Sale Price per Sq Ft
09/16/2025 09/16/25 Price Changed $1,699,999 -2.9% $240 / Sq Ft
03/18/2025 03/18/25 For Sale $1,749,900 -- $248 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 702711980

Regional Multiple Listing Service (RMLS)
Oregon Multnomah County Portland 97203 Cathedral Park

7011 N Oswego Ave, Portland, OR

For Sale

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Nearby Homes
Cindy Somsanith
Listing Agent
Cindy Somsanith
Section Image
Farrell Realty & Property Management, Inc
(971) 298-9508