$649,950
OPEN SUN 12PM - 2PM $49K PRICE DROP

7107 N Albina Ave Unit 7115 Portland, OR 97217

Piedmont Neighborhood

Estimated payment $4,000/month

Total Views 6,484
6 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Private Lot
  • Property is near a bus stop
  • High Speed Internet
  • Storage
  • Forced Air Heating System
  • Wood Siding

About This Home

Investment opportunity awaits in the heart of Portland's Piedmont district! This well-maintained duplex features two units, perfect for owner-occupiers looking to offset their mortgage or savvy investors seeking reliable rental income. The main unit offers a comfortable 4-bedroom, 2-bathroom layout with 2 wood burning fireplaces, hardwood floors and updated kitchen, while the secondary unit provides a desirable 2-bedroom, 1-bathroom configuration. Live comfortably in one unit while generating passive income from the other, or capitalize on the strong rental demand in this prime location. Enjoy the convenience of Piedmont's amenities and vibrant community. Important: Please respect the privacy of the tenants in unit 7117 and do not disturb them. Don't miss this chance to own an income-producing property in a fantastic Portland neighborhood.

Listing Agent

Kurt Davidson

Keller Williams Capital City Brokerage Phone: 971-804-2532 License #201215354 Listed on: 04/10/2025

Keller Williams Capital City

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,929

Year Built

  • Built in 1954

Lot Details

  • Private Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Driveway
  • On-Street Parking

Location

  • Property is near a bus stop

Schools

  • Woodlawn Elementary School
  • Ockley Green Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R225594

Community Details

Overview

  • 2 Units
  • Piedmont/Albina Subdivision

Building Details

  • Operating Expense $5,088
  • Gross Income $57,000
  • Net Operating Income $51,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,929

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1954
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: Yes
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Attached
  • Total Bedrooms: 6
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level, OnBusline, Private
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Woodlawn
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: RM1
  • Parcel #: R225594

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4928.6

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.4
  • Annual Gross Income: 57000.0
  • Property Net Operating Income: 51912.0
  • Annual Operating Expense: 5088.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,929 $178,850 $0 $0
2022 $4,637 $173,650 $0 $0
2021 $4,558 $168,600 $0 $0
2020 $4,182 $163,690 $0 $0
2019 $4,028 $158,930 $0 $0
2018 $3,910 $154,310 $0 $0
2017 $3,747 $149,820 $0 $0
2016 $3,430 $145,460 $0 $0
2015 $3,340 $141,230 $0 $0
2014 $3,289 $137,120 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $649,950 -5.1% $230 / Sq Ft
06/23/2025 06/23/25 Price Changed $685,000 -2.0% $242 / Sq Ft
04/30/2025 04/30/25 Price Changed $699,000 -5.4% $247 / Sq Ft
04/10/2025 04/10/25 For Sale $739,000 +111.1% $261 / Sq Ft
01/17/2014 01/17/14 Sold $350,000 -10.3% $124 / Sq Ft
12/13/2013 12/13/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $390,000 -- $138 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 Nextitle
Quit Claim Deed -- --
Warranty Deed $125,000 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $168,000 Credit Line Revolving
Previous Owner $95,000 Seller Take Back
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 277125376

Regional Multiple Listing Service (RMLS)

APN: R225594