NOT LISTED FOR SALE
-- Bed
-- Bath
6,600 Sq Ft
1 Acre Lot

Sale Details

Date Sold: June 30, 2023

Last sale price $1,055,000 $160 Per Sq Ft

13 Days on Market

Highlights

  • Garage
  • Wood Siding
  • 1-Story Property
  • Level Lot
  • Wall Furnace

About This Home

As of June 2023

9 residential units and 1 commercial unit on 1 acre. 3 houses: 2 w/2 bedrooms, 1 w/1 bedroom. 6 unit single story row apartments - each unit w/1 bedroom & attached garage. $50k+ complete remodel of front 2 bedroom house (#7) in 2022 w/all new kitchen, bathroom, etc. Photos 4-20 of unit 7. Some updating in other units including newer kitchen cabinets in several units & some remodeled bathrooms. Photos 21-40 are of several of the units in the 6-plex. Vinyl windows in all units. New water line installed 2018. Commercial lease to 12/31/25. Many long term tenants - low vacancy. Rents for two units increase 7/1: +$120/month income increase. All other rent increases go into effect 6/1 and are listed in the unit description. Photos of all units prior to occupancy.

Last Agent to Sell the Property

Brian Kester

Bell Real Estate License #960300102 Listed on: 05/11/2023

Last Buyer's Agent

Brian Kester

Bell Real Estate License #960300102 Listed on: 05/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,904

Year Built

  • Built in 1939

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Parking

  • Garage
  • Open Parking

Schools

  • Malabon Elementary School
  • Cascade Middle School
  • Willamette High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 0448991

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $111,180
  • Gross Income $87,797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,904

Year Built

Built in 1939

Lot Details

1 Acres

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1939
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Current Price For Status: 1055000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached,Garage
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: Plywood,Stucco,T111Siding,WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter, Other
  • View: No
  • Lot Features: Level
  • Road Surface Type: Gravel, Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Open
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Malabon
  • High School: Willamette
  • Middle Or Junior School: Cascade

Lot Info

  • Zoning: C-2
  • Parcel #: 0448991

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8904.44

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 12.53
  • Annual Gross Income: 87797.0
  • Annual Operating Expense: 111180.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $1,055,000 -4.1% $160 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $1,100,000 -- $167 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,813 $564,158 -- --
2024 $9,566 $547,727 -- --
2023 $9,566 $531,774 $0 $0
2022 $8,904 $516,286 $0 $0
2021 $8,717 $501,249 $0 $0
2020 $8,462 $486,650 $0 $0
2019 $8,046 $472,476 $0 $0
2018 $7,821 $445,354 $0 $0
2017 $7,475 $445,354 $0 $0
2016 $7,284 $432,383 $0 $0
2015 $7,141 $419,789 $0 $0
2014 $7,032 $407,562 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23356881

Regional Multiple Listing Service (RMLS)
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