7537 N Heppner Ave Unit 7541 Portland, OR 97203
Saint Johns NeighborhoodEstimated payment $5,066/month
Highlights
- Storage
- Baseboard Heating
- Wood Siding
About This Home
Discover this 4 plex in the heart of vibrant North Portland, offering a perfect blend of investment potential and owner-occupant flexibility. Nestled in a thriving neighborhood with easy access to local amenities, parks, dining, public transit and near University of Portland. This property is an ideal opportunity for investors or those looking to live in one unit while renting out the others. Each unit features 2 large bedrooms and 1 full bath. Three units are currently rented w/ reliable tenants, generating steady cash flow. Your chance to own a versatile income-producing property in one of Portland’s most dynamic neighborhoods!
Listing Agent
John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #200910003 Listed on: 10/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,507
Year Built
- Built in 1970
Lot Details
- 7,840 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Wood Siding
Interior Spaces
- 3,132 Sq Ft Home
- 2-Story Property
- Storage
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Basement
- Partial Basement
- Basement Storage
Parking
- 6 Parking Spaces
- Off-Street Parking
Schools
- James John Elementary School
- George Middle School
- Roosevelt High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R227553
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $61,142
- Gross Income $76,800
- Net Operating Income $69,344
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 |
|---|---|---|---|---|
| 2025 | $8,507 | $315,710 | -- | -- |
| 2024 | $8,201 | $306,520 | -- | -- |
| 2023 | $7,886 | $297,600 | $0 | $0 |
| 2022 | $7,715 | $288,940 | $0 | $0 |
| 2021 | $7,585 | $280,530 | $0 | $0 |
| 2020 | $6,958 | $272,360 | $0 | $0 |
| 2019 | $6,702 | $264,430 | $0 | $0 |
| 2018 | $6,505 | $256,730 | $0 | $0 |
| 2017 | $6,235 | $249,260 | $0 | $0 |
| 2016 | $5,706 | $242,000 | $0 | $0 |
| 2015 | $5,556 | $234,960 | $0 | $0 |
| 2014 | $5,472 | $228,120 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/14/2025 10/14/25 | For Sale | $824,900 | -- | $263 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $800,000 | First American | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $645,000 | Commercial |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 378914688
APN: R227553
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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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