$930,000
SOLD NOV 9, 2023

7869 SE Milwaukie Ave Unit 7879 Portland, OR 97202

Sellwood Neighborhood
-- Bed
-- Bath
3,146 Sq Ft
5,009 Sq Ft Lot

Recently Sold

$296 Per Sq Ft

19% Below List Price

126 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Laundry Facilities
  • Llewellyn Elementary School Rated A-
  • Hot Water Heating System
  • Wood Siding

About This Home

As of November 2023

Seller financing at 5.0% Interest-Only for up to 2 years for qualified buyers with a strong down payment! Single level brick 4-Plex with garden backyard in perfect Sellwood location close to everything! Strong rent upside + two Vacant units for Owner-Occupied buyers who can also place their own tenant, or short-term rentals? Beautifully maintained w many newer features including newer windows, gas boiler, new tub surrounds and more. Walk Score 94 + Bike Score 95! Walk or bike within minutes to New Seasons, Starbucks, Antique Row, Moreland Theater & great restaurants. On the bus line. No sign on property, please DND Tenants. Zoned RM2d for future development potential.

Last Agent to Sell the Property

Jason Waxberg

Equity Pacific Real Estate LLC License #980500059 Listed on: 06/01/2023

Last Buyer's Agent

Jason Waxberg

Equity Pacific Real Estate LLC License #980500059 Listed on: 06/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,733

Year Built

  • Built in 1948

Lot Details

  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,146 Sq Ft Home
  • 1-Story Property
  • Partially Finished Basement
  • Basement Storage

Schools

  • Llewellyn Elementary School
  • Sellwood Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Rent includes heat, sewer, trashcollection, water
  • Assessor Parcel Number R219212

Community Details

Building Details

  • Operating Expense $15,758
  • Gross Income $62,449
  • Net Operating Income $46,691

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,733

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1948
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartiallyFinished, StorageSpace
  • Storage: Basement,IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Detached, Open
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Llewellyn
  • High School: Cleveland
  • Middle Or Junior School: Sellwood

Lot Info

  • Zoning: RM2d
  • Parcel #: R219212

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Heat, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 7732.97

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.93
  • Annual Gross Income: 62449.0
  • Property Net Operating Income: 46691.0
  • Annual Operating Expense: 15758.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Nov 8, 2023
Sold by
Zanni Llc
Bought by
7869 Se Milwaukie Llc
Seller's Agent
Jason Waxberg
Equity Pacific Real Estate LLC
Buyer's Agent
Jason Waxberg
Equity Pacific Real Estate LLC
List Price
$1,150,000
Sold Price
$930,000
Premium/Discount to List
-$220,000
-19.13%
Views
65
Current Estimated Value
$923,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,320
Avg. Annual Appreciation
-2.77%

Purchase Details

Closed on
Sep 10, 2010
Sold by
Fry Cindy J
Bought by
Zanni Llc

Purchase Details

Closed on
May 4, 2007
Sold by
Zanni Angeline D
Bought by
Zanni Angeline D and Ernest J Zanni Testamentary Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $930,000 Fidelity National Title Compan
Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $930,000 -6.5% $296 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
09/18/2023 09/18/23 Price Changed $995,000 -13.5% $316 / Sq Ft
06/01/2023 06/01/23 For Sale $1,150,000 -- $366 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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 $8,220 $307,220 -- --
2023 $7,904 $298,280 $0 $0
2022 $7,733 $289,600 $0 $0
2021 $7,602 $281,170 $0 $0
2020 $6,974 $272,990 $0 $0
2019 $6,718 $265,040 $0 $0
2018 $6,520 $257,330 $0 $0
2017 $6,249 $249,840 $0 $0
2016 $5,719 $242,570 $0 $0
2015 $5,569 $235,510 $0 $0
2014 $5,485 $228,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23232862

Regional Multiple Listing Service (RMLS)

APN: R219212