7215 SE Powell Blvd Portland, OR 97206
South Tabor NeighborhoodEstimated payment $5,144/month
Highlights
- No HOA
- Zoned Heating
- Level Lot
- Arleta Elementary School Rated 9+
- Property is near a bus stop
About This Home
Rare South Tabor 4-Plex! Don’t let the address fool you—this well-maintained, townhouse-style 4-plex is a hidden gem in the heart of South Tabor. Tucked away on a quiet flag lot, this property offers convenience with the peace and privacy of a secluded setting. Set back from the street with paved off-street parking, tenants enjoy easy access to public transportation, shopping, restaurants, and everyday amenities—without the street noise. Each of the four spacious 2-bedroom units has been thoughtfully remodeled with updated kitchens and bathrooms, in-unit washer/dryers, and sliding doors that open to private patios—ideal for outdoor relaxation. Rents are strong at $1295 (with rent increase already issued), $1695, $1665, and $1795, with upside potential in this highly desirable rental location. This is a turn-key investment with stable tenancy, modern updates, and a layout that appeals to long-term renters. Please do not disturb tenants. No sign on property.
Listing Agent
Farrell Realty & Property Management, Inc Brokerage Email: info@farrellrealty.com License #200710231 Listed on: 04/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,990
Year Built
- Built in 1976
Lot Details
- 6,534 Sq Ft Lot
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,450 Sq Ft Home
- 2-Story Property
- Crawl Space
- Security Lights
Bedrooms and Bathrooms
- 8 Bedrooms
- 9 Bathrooms
Parking
- 4 Parking Spaces
- Assigned Parking
Location
- Property is near a bus stop
Schools
- Bridger Elementary School
- Harrison Park Middle School
- Franklin High School
Utilities
- No Cooling
- Zoned Heating
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R333343
Community Details
Overview
- No Home Owners Association
- 4 Units
- South Tabor Subdivision
- Property managed by Jeff Rhoades
Building Details
- Operating Expense $37,025
- Gross Income $77,400
- Net Operating Income $42,499
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $11,990 | $448,150 | -- | -- |
| 2023 | $11,990 | $435,100 | $0 | $0 |
| 2022 | $11,280 | $422,430 | $0 | $0 |
| 2021 | $11,089 | $410,130 | $0 | $0 |
| 2020 | $10,173 | $398,190 | $0 | $0 |
| 2019 | $9,799 | $386,600 | $0 | $0 |
| 2018 | $9,510 | $375,340 | $0 | $0 |
| 2017 | $9,115 | $324,750 | $0 | $0 |
| 2016 | $7,434 | $315,300 | $0 | $0 |
| 2015 | $6,587 | $306,120 | $0 | $0 |
| 2014 | $5,773 | $297,210 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Price Changed | $784,900 | -6.5% | $228 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $839,900 | +1.2% | $243 / Sq Ft |
| 04/01/2020 04/01/20 | Sold | $830,000 | -2.3% | $237 / Sq Ft |
| 02/06/2020 02/06/20 | Pending | -- | -- | -- |
| 12/22/2019 12/22/19 | For Sale | $849,900 | 0.0% | $243 / Sq Ft |
| 12/17/2019 12/17/19 | Pending | -- | -- | -- |
| 11/27/2019 11/27/19 | For Sale | $849,900 | +18.9% | $243 / Sq Ft |
| 03/29/2016 03/29/16 | Sold | $715,000 | 0.0% | $205 / Sq Ft |
| 02/02/2016 02/02/16 | Pending | -- | -- | -- |
| 12/09/2015 12/09/15 | For Sale | $715,000 | -- | $205 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $830,000 | First American | |
| Warranty Deed | $715,000 | Old Republic | |
| Warranty Deed | $360,000 | First American Title Insuran | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | $4,500 | -- | |
| Warranty Deed | $218,000 | Fidelity National Title Co | |
| Warranty Deed | $195,000 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $636,446 | FHA | |
| Previous Owner | $187,200 | New Conventional | |
| Previous Owner | $207,000 | Purchase Money Mortgage | |
| Previous Owner | $289,000 | Purchase Money Mortgage | |
| Previous Owner | $14,500 | Credit Line Revolving | |
| Previous Owner | $213,463 | FHA | |
| Previous Owner | $136,500 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 155047869
APN: R333343
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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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