NOT LISTED FOR SALE

8127 NE Beech St Unit 8131 Portland, OR 97213

Roseway Neighborhood

Estimated Value: $568,000 - $726,000

4 Beds
3 Baths
2,102 Sq Ft
$311/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $614,000 $292 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,047/month

Highlights

  • Wood Flooring
  • Storage
  • Washer and Dryer
  • Corner Lot
  • Garage

About This Home

As of June 2021

Mid-century triplex. Original hardwoods and wood trims, lots of natural light from big windows. Original 1950's tile counter tops. Photos previous to leasing unit. Newer roof, low-maintenance yard, 3 new gas furnaces, high ceilings in basements, 2 units have roomy single-car garages, 1 unit with off-street parking. Rare Cap Rate of 6.68%! Basement buildout for possible additional units! Don't miss out!

Last Agent to Sell the Property

Adam Shepard

John L. Scott Portland Central License #200910003 Listed on: 03/17/2021

John L. Scott Portland Central

Last Buyer's Agent

Jeremy Slyh

Weichert, Realtors on Main Street License #201201021

Weichert, Realtors on Main Street

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,019

Year Built

  • Built in 1954

Lot Details

  • Corner Lot

Parking

  • Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Storage
  • Washer and Dryer
  • Wood Flooring
  • Basement Storage
  • Range

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,019

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Year Built: 1954
  • Property Condition: Existing
  • Remarks Public: Mid-century triplex. Original hardwoods and wood trims, lots of natural light from big windows. Original 1950's tile counter tops. Photos previous to leasing unit. Newer roof, low-maintenance yard, 3 new gas furnaces, high ceilings in basements, 2 units have roomy single-car garages, 1 unit with off-street parking. Rare Cap Rate of 6.68%! Basement buildout for possible additional units! Don't miss out!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: WELLESLEY, BLOCK 2, LOT 17&18 EXC PT IN ST
  • Storage: Basement

Exterior Features

  • Exterior Description: Brick, Man Made
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Garage

Utilities

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

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Range, Refrigerator, Storage, Washer/Dryer

Schools

  • Middle School: Roseway Heights
  • High School: Leodis McDaniel

Lot Info

  • Lot Description: Corner Lot
  • Zoning: RM1
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 5551.12
  • Assessor Parcel Number: R300333
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.55

MLS Schools

  • High School: Leodis McDaniel
  • Middle School: Roseway Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2022
Sold by
Wednesday Company Llc
Bought by
P & Q Ventures Llc
Current Estimated Value
$652,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,500
Outstanding Balance
$521,345
Interest Rate
5.7%
Mortgage Type
Construction
Estimated Equity
$131,521

Purchase Details

Listed on
Mar 17, 2021
Closed on
Jun 14, 2021
Sold by
Hayton Jeffrey and Ren Jiale
Bought by
Wednesday Company Llc
Seller's Agent
Adam Shepard
John L. Scott Portland Central
Buyer's Agent
Jeremy Slyh
Weichert, Realtors on Main Street
List Price
$675,000
Sold Price
$614,000
Premium/Discount to List
-$61,000
-9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.44%
Original Mortgage
$100,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Apr 25, 2019
Closed on
Oct 28, 2019
Sold by
Lathrop Bonnie K and Lathrop Tom
Bought by
Hayton Jeffrey and Ren Jiale
Seller's Agent
Deborah Giles
Premiere Property Group, LLC
Buyer's Agent
Reed Kirk
Keller Williams Realty Professionals
List Price
$485,000
Sold Price
$460,000
Premium/Discount to List
-$25,000
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.33%
Original Mortgage
$451,668
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 2017
Sold by
Lathrop Bonnie K
Bought by
Lathrop Bonnie K and Lathrop Tom

Purchase Details

Closed on
May 16, 2001
Sold by
Walker Gerlinde H
Bought by
Walker Cyril
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
P & Q Ventures Llc $726,000 Stewart Title
Wednesday Company Llc $614,000 Wfg Title
Hayton Jeffrey $460,000 Wfg Title
Lathrop Bonnie K -- None Available
Walker Cyril -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open P & Q Ventures Llc $544,500
Previous Owner Wednesday Company Llc $100,000
Previous Owner Hayton Jeffrey $451,668
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $614,000 -9.0% $292 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $675,000 +46.7% $321 / Sq Ft
11/25/2019 11/25/19 Sold $460,000 -5.2% $109 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
09/04/2019 09/04/19 Price Changed $485,000 0.0% $115 / Sq Ft
09/04/2019 09/04/19 For Sale $485,000 -2.0% $115 / Sq Ft
08/30/2019 08/30/19 For Sale $495,000 0.0% $118 / Sq Ft
06/29/2019 06/29/19 For Sale $495,000 0.0% $118 / Sq Ft
06/27/2019 06/27/19 For Sale $495,000 0.0% $118 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
05/01/2019 05/01/19 Pending -- -- --
04/25/2019 04/25/19 For Sale $495,000 -- $118 / 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 $7,019 $262,350 -- --
2023 $7,019 $254,710 $0 $0
2022 $6,155 $230,510 $0 $0
2021 $6,051 $223,800 $0 $0
2020 $5,551 $217,290 $0 $0
2019 $5,347 $210,970 $0 $0
2018 $5,190 $204,830 $0 $0
2017 $4,974 $198,870 $0 $0
2016 $4,552 $193,080 $0 $0
2015 $4,433 $187,460 $0 $0
2014 $4,366 $182,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21298916

Regional Multiple Listing Service (RMLS)

APN: R300333