$849,900
PENDING $50K PRICE DROP

Estimated payment $5,232/month

Total Views 6,652
9 Beds
5 Baths
4,836 Sq Ft
$176 Price per Sq Ft

Highlights

  • 2.02 Acre Lot
  • Guest Parking
  • Laundry Facilities
  • Storage
  • Floor Furnace
  • Gentle Sloping Lot

About This Home

This well-maintained 5-unit multi-family property is located in a prime area of Pleasant Home, offering strong rental income potential and long-term appreciation. The building consists of 5-unit configuration, four 2-bedroom units and one 1-bedroom unit, each with a spacious layout, modern finishes, and ample natural light. Unit 2 has been recently updated. Storage sheds for each unit and a single car garage for additional storage. All units share a common laundry room. The property is situated within a private country setting on over 2 acres and provides easy access to major transportation routes, local amenities, and schools. With a diverse mix of tenants and low vacancy rates, this property is an excellent opportunity for investors looking to expand their portfolio with a stable income-producing asset.

Listing Agent

Marc Fox

Keller Williams Realty Portland Premiere Brokerage Phone: 503-515-5044 License #200508221 Listed on: 02/06/2025

Keller Williams Realty Portland Premiere

Co-Listing Agent

Matt Soukup

Keller Williams Realty Portland Premiere Brokerage Phone: 503-515-5044 License #201214742

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,642

Year Built

  • Built in 1953

Lot Details

  • 2.02 Acre Lot
  • Gentle Sloping Lot

Parking

  • Guest Parking

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 4,836 Sq Ft Home
  • Storage
  • Crawl Space

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Schools

  • East Orient Elementary School
  • West Orient Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Floor Furnace
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R342416

Community Details

Building Details

  • Operating Expense $28,887
  • Gross Income $77,780
  • Net Operating Income $48,893

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,642

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Year Built: 1953
  • Property Condition: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Total Bedrooms: 9
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 1 to 2.99 Acres
  • View: No
  • Lot Features: GentleSloping
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Guest
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: FloorFurnace
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: East Orient
  • High School: Sam Barlow
  • Middle Or Junior School: West Orient

Lot Info

  • Zoning: MUA-20
  • Lot Size Acres: 2.02
  • Lot Size Sq Ft: 87991.0
  • Parcel #: R342416

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7642.23

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 10.93
  • Annual Gross Income: 77780.0
  • Property Net Operating Income: 48893.0
  • Annual Operating Expense: 28887.0

Map

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
08/02/2025 08/02/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $849,900 0.0% $176 / Sq Ft
05/28/2025 05/28/25 Pending -- -- --
04/29/2025 04/29/25 Price Changed $849,900 -5.6% $176 / Sq Ft
03/04/2025 03/04/25 For Sale $899,900 0.0% $186 / Sq Ft
02/25/2025 02/25/25 Pending -- -- --
02/06/2025 02/06/25 For Sale $899,900 +12.6% $186 / Sq Ft
02/19/2020 02/19/20 Sold $799,000 0.0% $165 / Sq Ft
12/29/2019 12/29/19 Pending -- -- --
12/09/2019 12/09/19 For Sale $799,000 0.0% $165 / Sq Ft
11/23/2019 11/23/19 Pending -- -- --
07/28/2019 07/28/19 Price Changed $799,000 -3.2% $165 / Sq Ft
06/26/2019 06/26/19 For Sale $825,000 +135.8% $171 / Sq Ft
11/26/2014 11/26/14 Sold $349,900 -12.5% $72 / Sq Ft
11/07/2014 11/07/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $399,900 -- $83 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 632111118

Regional Multiple Listing Service (RMLS)

APN: 1S4E20CC 01500