8535 SW Oleson Rd Portland, OR 97223
Estimated payment $3,770/month
Highlights
- View of Trees or Woods
- Forced Air Zoned Heating System
- Wood Siding
- Storage
- Level Lot
- 1-Story Property
About This Home
Open House from 10:30 to 2:30 this Saturday! TWO houses on one tax lot. Nestled among tall fir trees and just a stone's throw from Washington Square Mall, this home feels like a peaceful retreat. These two woodsy escape cottages have been updated with classic charm, blending rustic feel with modern conveniences. The main house offers 2 spacious bedrooms and 1 full bathroom, featuring stunning restored original hardwood floors and a gas fireplace that adds warmth and character to the cozy space. The updated kitchen and bathroom showcase stylish, contemporary finishes, including all new appliances, that perfectly complement the home’s timeless appeal. You'll enjoy year-round comfort with the brand-new energy-efficient tankless hot water heater, ensuring endless hot water whenever you need it. In addition, there's a separate 2 bed, 1 bath house that has been recently updated offering potential for additional living space or rental income. If you're looking for a home that combines warmth, charm, and modern amenities in a tranquil setting, this is the perfect place for you! These homes will rent for over $4,000/ month. At a 5% cap rate That indicates value of $800,000. The current price shows a cap rate of 6.3%!! This is an investors dream!
Listing Agent
Save Big Realty Brokerage Phone: 541-708-3898 License #201215766 Listed on: 08/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,584
Year Built
- Built in 1940 | Remodeled
Lot Details
- 0.29 Acre Lot
- Level Lot
Home Design
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,543 Sq Ft Home
- 1-Story Property
- Storage
- Views of Woods
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 8 Parking Spaces
- Driveway
- On-Street Parking
Schools
- Mckay Elementary School
- Whitford Middle School
- Beaverton High School
Utilities
- No Cooling
- Forced Air Zoned Heating System
- Heating System Uses Gas
Community Details
- 2 Units
- Operating Expense $4,584
Listing and Financial Details
- Assessor Parcel Number R233250
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,584 | $253,140 | -- | -- |
| 2024 | $4,305 | $245,770 | -- | -- |
| 2023 | $4,305 | $212,750 | $0 | $0 |
| 2022 | $3,714 | $212,750 | $0 | $0 |
| 2021 | $3,580 | $200,550 | $0 | $0 |
| 2020 | $3,472 | $194,710 | $0 | $0 |
| 2019 | $3,359 | $189,040 | $0 | $0 |
| 2018 | $3,249 | $183,540 | $0 | $0 |
| 2017 | $3,132 | $178,200 | $0 | $0 |
| 2016 | $3,020 | $173,010 | $0 | $0 |
| 2015 | $2,904 | $167,980 | $0 | $0 |
| 2014 | $2,846 | $163,090 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | For Sale | $639,000 | -- | $414 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Accommodation | |
| Warranty Deed | $135,000 | Chicago Title Insurance Co | |
| Warranty Deed | $235,000 | Chicago Title Insurance Co | |
| Warranty Deed | $255,000 | Ticor Title Insurance Compan | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $126,360 | Commercial | |
| Previous Owner | $229,500 | Balloon | |
| Previous Owner | $112,500 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 498935192
APN: R0233250
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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