NOT LISTED FOR SALE

7423 N Vincent Ave Portland, OR 97217

Arbor Lodge Neighborhood
1 Bed
1 Bath
3,240 Sq Ft
10,019 Sq Ft Lot

Last Sold October 14, 2021

Last sale price $850,000 $262 Per Sq Ft

156 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Property is near a bus stop

About This Home

As of October 2021

Charming brick 5 plex in a great location. All units have 1 BR/1BA. Currently rented for $800/month. Partial basement with storage and coin-op owned washer and dryer. Income approx $1,200 per year. There is $8,000 annual income from the cell tower equipment lease. There is also a billboard annual lease of $1,500.

Last Agent to Sell the Property

Georgetown Realty Inc

Georgetown Realty Inc. License #780303599 Listed on: 03/24/2021

Co-Listed By

Janice Hilberg

MORE Realty License #200207104

Last Buyer's Agent

Sarah Fox

The Broker Network, LLC License #201209020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Open Parking

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Window Treatments
  • Wood Flooring
  • Partially Finished Basement
  • Partial Basement

Location

  • Property is near a bus stop

Utilities

  • Heating System Uses Oil
  • Gas Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • Rent includes trash collection, heat, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3240
  • Year Built: 1946
  • Property Condition: Existing
  • Remarks Public: Charming brick 5 plex in a great location. All units have 1 BR/1BA. Currently rented for $800/month. Partial basement with storage and coin-op owned washer and dryer. Income approx $1,200 per year. There is $8,000 annual income from the cell tower equipment lease. There is also a billboard annual lease of $1,500.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ARBOR LODGE, BLOCK 23, LOT 13-16 TL 5300, LAND & IMPS SEE R106937
  • Basement: Partial Basement, Partially Finished

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Concrete

Garage/Parking

  • Parking Description: Open

Utilities

  • Fuel Description: Oil
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Unfurnished, Window Coverings, Wood Floors

Schools

  • Elementary School: Chief Joseph
  • Middle School: Ockley Green
  • High School: Roosevelt

Lot Info

  • Lot Description: On Busline, Corner Lot, Level
  • Zoning: CM1

Rental Info

  • Rent Includes: Trash Collection, Heat, Water

Tax Info

  • Tax Amount: 5632.53
  • Assessor Parcel Number: R106936
  • Tax Year: 2019

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 15.87

MLS Schools

  • Elementary School: Chief Joseph
  • High School: Roosevelt
  • Middle School: Ockley Green

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 Change Sq Ft Price
10/14/2021 10/14/21 Sold $850,000 -5.0% $262 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
06/17/2021 06/17/21 Price Changed $895,000 +2.3% $276 / Sq Ft
06/16/2021 06/16/21 Price Changed $875,000 -10.3% $270 / Sq Ft
03/24/2021 03/24/21 For Sale $975,000 -- $301 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Georgetown Realty Inc

    Georgetown Realty Inc.

    (503) 789-5359

    1 in this area

    63 Total Sales

    Georgetown Realty Inc
    Section Image
  • Janice Hilberg

    Seller Co-Listing Agent in 2021

    Janice Hilberg

    MORE Realty

    (503) 349-2299

    2 in this area

    49 Total Sales

    Janice Hilberg
    Section Image

  • S

    Buyer's Agent in 2021

    Sarah Fox

    The Broker Network, LLC

    1 in this area

    4 Total Sales

    Sarah Fox
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21554846

Regional Multiple Listing Service (RMLS)

APN: 1N1E16BB 05300

Oregon Multnomah County Portland 97217 Arbor Lodge

7423 N Vincent Ave, Portland, OR

This home is located at 7423 N Vincent Ave, Portland, OR 97217 since 24 March 2021. This property was built in 1946. 7423 N Vincent Ave is a home located in Multnomah County with nearby schools including Chief Joseph Elementary School, Ockley Green, and Jefferson 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.

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