$699,900

8510 SW Cedarcrest St Portland, OR 97223

Metzger Neighborhood

Estimated payment $4,203/month

Total Views 6,505
4 Beds
2 Baths
3,256 Sq Ft
$215 Price per Sq Ft

Highlights

  • Corner Lot
  • Storage
  • Forced Air Heating and Cooling System
  • No HOA
  • Landscaped with Trees
  • 2 Car Garage

About This Home

Nestled in the Metzger neighbourhood, this home offers a rare blend of thoughtful updates and classic charm and two living units. With a stylish remodel in key entertaining areas and original features that evoke farmhouse warmth, this home invites both comfort and creativity. Built in 1955 with solid construction, this home stands on strong bones and a functional layout. The main level features three bedrooms and one full bath, complemented by light-filled gathering spaces that have been artfully updated. The open-concept kitchen draws inspiration from a Magnolia-style aesthetic, showcasing richly toned cabinetry, luminous mother-of-pearl-inspired tile, and an expansive pantry ready to be stocked for any occasion. Just off the kitchen, a brand new deck invites easy outdoor living, accessible also from the spacious primary bedroom. Downstairs, the flexible lower level offers room to grow—whether as an extension of the main living space or a potential secondary suite. Here, you'll find a wood-accented kitchen and dining nook, a cozy family room with a fireplace, a second full bath, and two additional rooms perfect for offices, hobbies, or future legal bedrooms. Most of the lower level has been re-floored and awaits your personal touch. The home also features recent electrical and plumbing updates that bring peace of mind while maintaining the charm of its original craftsmanship. The yard is planted with a delightful array of blooming trees, shrubs, and perennials. It offers year-round beauty. Set on a spacious lot with potential for future subdivision which the buyer should verify, the outdoor space includes a dry storage area beneath the deck, a double garage, and a triple-insulated backyard studio—complete with electricity, a built-in desk, and shelving. It is ideal for an office or creative retreat. This is more than a home—it's an opportunity to live, create, and grow in one of Portland's desirable neighbourhoods. Come see the possibilities and make them your own.

Last Listed By

Angela Nicolson

RE/MAX Equity Group License #200205319 Listed on: 04/12/2025

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,871

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 0.36 Acre Lot
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 3,256 Sq Ft Home
  • 2-Story Property
  • Storage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Exterior Basement Entry
  • Apartment Living Space in Basement
  • Natural lighting in basement

Schools

  • Metzger Elementary School
  • Fowler Middle School
  • Tigard High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R2052942

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $4,300
  • Net Operating Income $3,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,871

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1955
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, ExteriorEntry, SeparateLivingQuartersApartmentAuxLivingUnit
  • Storage: Attached
  • Total Bedrooms: 4
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: Block,Brick
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: CornerLot, Level, Terraced, Trees
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 7.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: Cable
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Metzger
  • High School: Tigard
  • Middle Or Junior School: Fowler

Lot Info

  • Zoning: Unknown
  • Lot Size Acres: 0.36
  • Lot Size: 15,690 sq ft
  • Lot Size Sq Ft: 15681.0
  • Parcel #: R2052942

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5871.18

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 162.77
  • Annual Gross Income: 4300.0
  • Property Net Operating Income: 3300.0

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

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 $5,871 $367,780 -- --
2024 $5,672 $357,070 -- --
2023 $5,672 $346,670 $0 $0
2022 $5,452 $346,670 $0 $0
2021 $5,317 $326,780 $0 $0
2020 $5,161 $317,270 $0 $0
2019 $5,024 $308,030 $0 $0
2018 $4,796 $299,060 $0 $0
2017 $4,618 $290,350 $0 $0
2016 $4,307 $281,900 $0 $0
2015 $4,002 $273,690 $0 $0
2014 $3,891 $265,720 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Price Changed $699,900 -2.1% $215 / Sq Ft
05/09/2025 05/09/25 Price Changed $714,900 -2.7% $220 / Sq Ft
04/12/2025 04/12/25 For Sale $735,000 -- $226 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $384,000 First American
Warranty Deed $209,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,500 New Conventional
Closed $353,500 New Conventional
Closed $307,200 New Conventional
Previous Owner $302,000 Unknown
Previous Owner $200,000 Unknown
Previous Owner $193,000 Seller Take Back
Previous Owner $167,200 No Value Available
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 400225783

Regional Multiple Listing Service (RMLS)

APN: R2052942