$675,000
$25K PRICE DROP

8510 SW Cedarcrest St Portland, OR 97223

Estimated payment $4,217/month

Total Views 10,529
4 Beds
2 Baths
3,256 Sq Ft
$207 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

Major price adjustment reflects motivation level of the seller! Nestled in the Metzger neighbourhood, this multi-family offers a rare blend of thoughtful updates and classic charm. With a stylish remodel in key entertaining areas and original features that evoke farmhouse warmth, this home invites both comfort and creativity. The open-concept kitchen draws inspiration from a beautiful Magnolia-style aesthetic. Lower level could be a completely separate rentable space. Two dwellings in one purchase, make a great investment property. Come see the possibilities and make them your own.

Listing Agent

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: 156.98
  • 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
06/24/2025 06/24/25 Price Changed $675,000 -3.6% $207 / Sq Ft
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