$799,000
PENDING $51K PRICE DROP

Estimated payment $5,260/month

Total Views 5,778
2 Beds
1 Bath
3,392 Sq Ft
$236 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Rieke Elementary School Rated A-
  • Level Lot

About This Home

Built in 1973, the Mossy Brae Apartments are situated between Multnomah and Burlingame neighborhoods just off of SW Barbur Boulevard in SW Portland. This is a great entry-level or owner-occupied investment with an achievable value-add opportunity. The subject property is comprised of four (4) total units, all units are two-story town home style units. The site is situated on a 0.26 acre lot with landscaped grounds and private rear patios and yard space. The unit-mix consists of four - 2BD/1BA townhome units at approximately 850 square feet each. Tenants have access to assigned off-street parking.

Listing Agent

Josh Hackenjos

LUXE Forbes Global Properties License #201205146 Listed on: 06/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,280

Year Built

  • Built in 1973

Lot Details

  • 0.26 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,392 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Schools

  • Rieke Elementary School
  • Robert Gray Middle School
  • Ida B Wells High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R126848

Community Details

Overview

  • 4 Units
  • Sw Portland Subdivision

Building Details

  • Operating Expense $13,881
  • Gross Income $80,364
  • Net Operating Income $52,568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,280

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1973
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 2
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: GentleSloping, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

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

Schools

  • Elementary School: Rieke
  • High School: Ida B Wells
  • Middle Or Junior School: Robert Gray

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11325.0
  • Parcel #: R126848

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 11280.24

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 9.94
  • Annual Gross Income: 80364.0
  • Property Net Operating Income: 52568.0
  • Annual Operating Expense: 13881.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2024 $11,280 $422,000 -- --
2023 $11,280 $409,710 $0 $0
2022 $10,612 $397,780 $0 $0
2021 $10,432 $386,200 $0 $0
2020 $9,570 $374,960 $0 $0
2019 $9,218 $364,040 $0 $0
2018 $8,947 $353,440 $0 $0
2017 $8,575 $343,150 $0 $0
2016 $7,847 $333,160 $0 $0
2015 $7,641 $323,460 $0 $0
2014 $7,298 $314,040 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Pending -- -- --
07/16/2025 07/16/25 Price Changed $799,000 -6.0% $236 / Sq Ft
06/02/2025 06/02/25 For Sale $850,000 +146.4% $251 / Sq Ft
06/17/2012 06/17/12 Sold $345,000 -8.0% $102 / Sq Ft
03/16/2012 03/16/12 Pending -- -- --
02/09/2012 02/09/12 For Sale $375,000 -- $111 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $345,000 First American
Bargain Sale Deed -- Accommodation
Warranty Deed $254,500 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $203,600 Purchase Money Mortgage
Source: Public Records

Similar Homes in Portland, OR

  • 2122 NW Everett St, Portland, OR 97210

    $975,000

    • 4 Beds
    • 4 Baths
    • 4,756 Sq Ft
    • 2122 NW Everett St
    • Portland, OR

    Come explore this grand & versatile Queen Anne Victorian, to use as 3Plex or love it as a whole house! Attractive seller financing may be possible. Airbnb for 1 or more units may be allowed. Stunning "owner's unit" upstairs, over 1850 sq ft. Benefit from a lucrative rental income while living a vibrant urban lifestyle in the heart of exciting NW Portland. Located in a coveted area known for its

    Laurie Sonnenfeld Laurie Sonnenfeld Realty

    Section Image
  • 5301 N Kerby Ave, Portland, OR 97217

    $795,000

    • 3 Beds
    • 4 Baths
    • 5301 N Kerby Ave
    • Portland, OR

    NEW PRICE on this 4-plex investment property in great location on corner lot. DO NOT GO ON PROPERTY WITHOUT APPOINTMENT WITH REAL ESTATE BROKER. DO NOT DISTURB TENANTS.

    Kris Cochran Cochran Property Group Inc.

    Section Image
  • 9832 N Clarendon Ave Unit 9836, Portland, OR 97203

    $675,000

    • 4 Beds
    • 4 Baths
    • 2,864 Sq Ft
    • 9832 N Clarendon Ave
    • Unit 9836
    • Portland, OR

    Charming Duplex with Bonus Basement Unit in the Heart of St. JohnsNestled in the vibrant St. Johns neighborhood, this versatile duplex presents a fantastic opportunity for both homeowners and investors. Each side of the duplex offers 1 spacious bedroom and 1 full bathroom, with light-filled, open-concept living areas that blend comfort and functionality—perfect for families, professionals, or

    Rebecca Smith eXp Realty, LLC

    Section Image
  • 940 SW Caldew Dr Unit 946, Portland, OR 97219

    $800,000

    • 2 Beds
    • 2 Baths
    • 940 SW Caldew Dr
    • Unit 946
    • Portland, OR

    Large, renovated fourplex located in the heart of Hillsdale, one of Portland’s most walkable and charming neighborhoods. Strong tenant demand driven by proximity to shops, cafes, parks, and grocery. Excellent access to I-5, downtown Portland, OHSU, and the westside tech corridor. In-unit Washer and Dryer Recent Capital Improvements include new roof, new electrical panels and new water heaters.

    Steve Roesch NextHome Realty Connection

    Section Image
  • 6945 SW 7th Ave, Portland, OR 97219

    $775,000

    • 3 Beds
    • 3 Baths
    • 2,309 Sq Ft
    • 6945 SW 7th Ave
    • Portland, OR

    OPEN HOUSE Sat. 9/6, 11-1:00. Furnished income ADU, in a highly desired location. With its own separate entrance, it is perfect for a teen, in-laws, or generational living. This mid century modern home exudes character throughout. Natural light floods the front of the home, drawing you towards the windows. Open kitchen makes conversation easy, flanked by the dining area and also a nook.

    Kim Kress Windermere Heritage

    Section Image
  • 9341 SW 8th Ave, Portland, OR 97219

    $850,000

    • 3 Beds
    • 2.5 Baths
    • 2,300 Sq Ft
    • 9341 SW 8th Ave
    • Portland, OR

    Lender incentives available, Turnkey lifestyle with designer finishes, soaring 10 ft ceilings, and 5,000sqft yards! Enjoy the peace and quiet of suburban living combined with the ease of a townhome, tucked away in cozy Collins View, near freeway access (but not near enough for road noise!) Enter the main floor to the grand hallway featuring enormous ceilings, and step into the stunning great room

    Shannon Kehoe Works Real Estate

    Section Image
  • 9375 SW 8th Ave, Portland, OR 97219

    $839,900

    • 3 Beds
    • 2.5 Baths
    • 2,300 Sq Ft
    • 9375 SW 8th Ave
    • Portland, OR

    Lender incentives available, Turnkey lifestyle with designer finishes, soaring 10 ft ceilings, and 5,000sqft yards! Enjoy the peace and quiet of suburban living combined with the ease of a townhome, tucked away in cozy Collins View, near freeway access (but not near enough for road noise!) Enter the main floor to the grand hallway featuring enormous ceilings, and step into the stunning great room

    Shannon Kehoe Works Real Estate

    Section Image
  • 9377 SW 8th Ave, Portland, OR 97219

    $799,000

    • 3 Beds
    • 2.5 Baths
    • 2,300 Sq Ft
    • 9377 SW 8th Ave
    • Portland, OR

    Lender incentives available. Turnkey lifestyle with designer finishes, soaring 10 ft ceilings, and ample fully fenced yard space! Enjoy the peace and quiet of suburban living combined with the ease of a townhome, tucked away in cozy Collins View, near freeway access (but not near enough for road noise!) Enter the main floor to the grand hallway featuring enormous 10ft ceilings, and step into the

    Shannon Kehoe Works Real Estate

    Section Image
  • 604 S Vermont St, Portland, OR 97219

    $895,000

    • 3 Beds
    • 2 Baths
    • 1,220 Sq Ft
    • 604 S Vermont St
    • Portland, OR

    THIS IS ONE SIDE OF A PERFECT DUPLEX, SOLD TOGETHER WITH "602 S Vermont St." (602 S Vermont has 2 bedrooms and a full bath.) High-quality materials used to restore and refresh a duplex in the heart of John’s Landing- ready to rent or live in today. Lucrative investment opportunity, first time on the market since 1975. Each unit has its own ducted HVAC (Heating and AC), dedicated individual

    Valarie Ross Windermere Realty Trust

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 524110896

Regional Multiple Listing Service (RMLS)

APN: R126848