NOT LISTED FOR SALE

8804 SE Ellis St Unit 8812 Portland, OR 97266

Lents Neighborhood

Estimated Value: $495,000 - $572,332

6 Beds
3 Baths
2,280 Sq Ft
$240/Sq Ft Est. Value

Last Sold November 02, 2021

Last sale price $560,600 $246 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,595/month

6 Days on Market

Highlights

  • Corner Lot
  • Wood Siding
  • 1-Story Property

About This Home

As of November 2021

Great opportunity to own a professionally managed triplex in the heart of Lents. Located on a large corner lot zoned RM2, check with city for development possibilities. New roof in 2020, fencing and exterior paint in 2021. Updated windows in 2015. Each unit is 2bed 1bath with washer & dryer hookups. All units have private patio and yard space. No sign on property. Please do not walk property or disturb tenants. Listing agent is partial owner. Write offers subject to interior walkthrough.

Last Agent to Sell the Property

Seth Prickett

MORE Realty License #201216816 Listed on: 09/02/2021

MORE Realty

Last Buyer's Agent

Denise Townsend

eXp Realty, LLC License #901000205

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,356

Year Built

  • Built in 1965

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Open Parking

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Range

Utilities

  • Electric Water Heater

Community Details

  • 3 Units
  • Property managed by LPSM

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,356

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2280
  • Stories: 1
  • Year Built: 1965
  • Property Condition: Existing
  • Remarks Public: Great opportunity to own a professionally managed triplex in the heart of Lents. Located on a large corner lot zoned RM2, check with city for development possibilities. New roof in 2020, fencing and exterior paint in 2021. Updated windows in 2015. Each unit is 2bed 1bath with washer & dryer hookups. All units have private patio and yard space. No sign on property. Please do not walk property or disturb tenants. Listing agent is partial owner. Write offers subject to interior walkthrough.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ORPHA PK, BLOCK 3, LOT 1&2
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Open

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Management Name: LPSM
  • Unit Features: Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Lent
  • Middle School: Lent
  • High School: Franklin

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: RM2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5608.11
  • Assessor Parcel Number: R231156
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.89

MLS Schools

  • Elementary School: Lent
  • High School: Franklin
  • Middle School: Lent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2021
Closed on
Oct 28, 2021
Sold by
Applefield Nathaniel and Prickett Seth
Bought by
Forsythe Paul E
Seller's Agent
Seth Prickett
MORE Realty
Buyer's Agent
Denise Townsend
eXp Realty, LLC
List Price
$575,000
Sold Price
$560,600
Premium/Discount to List
-$14,400
-2.5%
Total Days on Market
6
Current Estimated Value
$546,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,517
Avg. Annual Appreciation
0.22%
Original Mortgage
$420,450
Outstanding Balance
$388,369
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$176,645

Purchase Details

Closed on
Jun 6, 2019
Sold by
Applefield Nathaniel
Bought by
Applefield Nathaniel and Prickett Seth

Purchase Details

Listed on
Jan 19, 2012
Closed on
Jun 1, 2012
Sold by
Cooper Lloyd R
Bought by
Applefield Nathaniel
Seller's Agent
Karen Wu
Habitat Resource Properties
Buyer's Agent
Robin Denburg
Windermere Community Realty
List Price
$199,900
Sold Price
$197,000
Premium/Discount to List
-$2,900
-1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%
Original Mortgage
$192,006
Interest Rate
3.86%
Mortgage Type
FHA
Source: Public Records

Similar Homes in Portland, OR

  • 4915 SE 111th Ave, Portland, OR 97266

    $675,000

    • 8 Beds
    • 4 Baths
    • 3,095 Sq Ft
    • 4915 SE 111th Ave
    • Portland, OR

    EXCELLENT CASH FLOW or INCREDIBLE OPPORTUNITY TO LIVE IN A 4 BED 2 BATH HOME AND OWN TWO OTHER HOMES FOR INCOME!!! This amazing .34 acre property has three homes and possibly room for one more. All three roofs are new and all three have recent interior updates. The main house is vacant and ready to occupy, but can be easily rented for maximum cash flow. Very convenient location close to I-205

    Jason Kennedy RE/MAX Equity Group

    Section Image
  • 212 SW Hamilton St Unit 214, Portland, OR 97239

    $675,000

    • 5 Beds
    • 4 Baths
    • 2,508 Sq Ft
    • 212 SW Hamilton St
    • Unit 214
    • Portland, OR

    Fantastic Income producing duplex in prime Hamilton Heights Location! This beautifully maintained property offers two spacious units ideal for living in one and renting the other. Its also a great investment property or multi-generational living. The upper unit features 2 bedrooms and 2 bathrooms, a generous living room with fireplace, soaring ceilings, stunning wood paneling, and oversized

    Nick Shivers Keller Williams PDX Central

    Section Image
  • 4840 NE 99th Ave, Portland, OR 97220

    $600,000

    • 6 Beds
    • 4 Baths
    • 1,974 Sq Ft
    • 4840 NE 99th Ave
    • Portland, OR

    *** POSSIBLE 100% FINANCING FOR OWNER OCCUPANT *** AMAZING OPPORTUNITY *** 8.65% CAP RATE *** Great cash flow property in very convenient location for easy commute. This property has 2 duplex buildings on one tax lot. There are two 2 bed 1 bath units and two 1 bed 1 bath units plus a laundry room. This property provides a great opportunity for an owner occupant - loans available with as

    Jason Kennedy RE/MAX Equity Group

    Section Image
  • 8962 SW Barnes Rd, Portland, OR 97225

    $640,000

    • 4 Beds
    • 3 Baths
    • 2,100 Sq Ft
    • 8962 SW Barnes Rd
    • Portland, OR

    Fabulous, hard to find, well built duplex in popular Cedar Mill location. Just blocks to Providence/St Vincent. (Not busy or loud, tucked away down private drive).Great separation and back unit has a big private deck. Many recent updates include, New roof, Remodeled bathrooms, bedrooms, kitchen and living rooms. New chimney, New deck and new fence. Both units offer fireplaces, hardwoods, open

    Patti Gage Berkshire Hathaway HomeServices NW Real Estate

    Section Image
  • 8416 SE Insley St Unit 8420, Portland, OR 97266

    $550,000

    • 5 Beds
    • 3 Baths
    • 2,228 Sq Ft
    • 8416 SE Insley St
    • Unit 8420
    • Portland, OR

    Nice and clean triplex ready to buy and add to your real estate portfolio. Easy access to freeway and public transportation and consistent tenants in place makes this a smart investment. Nice updates in these units with newer kitchens, granite counters, new floors, newer paint and window coverings. Rents are currently below market which offers some room for future upside.

    Chris Suarez Keller Williams Sunset Corridor

    Section Image
  • 9630 SE Foster Rd Unit 9634, Portland, OR 97266

    $675,000

    • 6 Beds
    • 3 Baths
    • 2,424 Sq Ft
    • 9630 SE Foster Rd
    • Unit 9634
    • Portland, OR

    Assumable FHA loan at 2.375% Seller will carry contract!! This updated triplex at 9630 SE Foster Rd, Portland presents an excellent investment opportunity. With a new roof and new siding, the property is in top condition, requiring minimal upkeep. Additionally, a 10% rent increase is set to take effect in July. enhancing the potential growth future cash flow. Located in a desirable area of

    Amit Amshalom RE/MAX Equity Group

    Section Image
  • 6015 SE 99th Ave Unit 6017, Portland, OR 97266

    $629,900

    • 4 Beds
    • 2 Baths
    • 2,422 Sq Ft
    • 6015 SE 99th Ave
    • Unit 6017
    • Portland, OR

    This Classic Old Portland Craftsman sits on an oversized, fully fenced 8,000 sqft lot. A full two bedrooms plus office and one bathroom on the main. The unit upstairs also offering two bedrooms/one bathroom, second kitchen and separate access. The main level includes updated wood flooring, high ceilings, charming trim work, an office and two generous sized bedrooms and a third bonus room in

    Kelly Fitzmaurice Harnish Company Realtors

    Section Image
  • 5826 SE 103rd Ave, Portland, OR 97266

    $550,000

    • 4 Beds
    • 2 Baths
    • 5826 SE 103rd Ave
    • Portland, OR

    Three-Unit Investment totaling 6 beds, 3 baths, and 3,640 SqFt: A rare, income-generating opportunity: this property includes a classic duplex, a detached ADU, and is being sold along with the adjacent lot (MLS: 24148834); offering .24 acres together and excellent flexibility for investors, developers, or multi-generational living. With three rentable units, each with private entrances and access

    Steve Brian Living Room Realty

    Section Image
  • 7412 SE Woodstock Blvd, Portland, OR 97206

    $490,000

    • 4 Beds
    • 4 Baths
    • 1,728 Sq Ft
    • 7412 SE Woodstock Blvd
    • Portland, OR

    Duplex in the Woodstock neighborhood. Get ready to begin or continue your investment journey with a fantastic property. This one-level duplex includes a covered parking space, two bedrooms, one full bathroom, an additional half bath in the primary bedroom, and a spacious laundry room in each unit (the photos depict the updated unit). Each unit offers 864 square feet, while the entire duplex spans

    Angie Bissett Cascade Hasson Sotheby's International Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Forsythe Paul E $560,600 Fidelity National Ttl Of Or
Applefield Nathaniel -- None Available
Applefield Nathaniel $197,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forsythe Paul E $420,450
Previous Owner Applefield Nathaniel $192,006
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2021 11/02/21 Sold $560,600 -2.5% $246 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $575,000 +191.9% $252 / Sq Ft
06/05/2012 06/05/12 Sold $197,000 -1.5% $86 / Sq Ft
03/16/2012 03/16/12 Pending -- -- --
01/19/2012 01/19/12 For Sale $199,900 -- $88 / 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
2023 $6,356 $239,860 $0 $0
2022 $6,218 $232,880 $0 $0
2021 $6,113 $226,100 $0 $0
2020 $5,608 $219,520 $0 $0
2019 $5,402 $213,130 $0 $0
2018 $5,243 $206,930 $0 $0
2017 $5,025 $200,910 $0 $0
2016 $4,599 $195,060 $0 $0
2015 $4,201 $189,380 $0 $0
2014 $3,646 $183,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21053493

Regional Multiple Listing Service (RMLS)

APN: R231156