$1,585,000

9470 N Alma Ave Unit 9486 Portland, OR 97203

Saint Johns Neighborhood

Estimated payment $9,573/month

Total Views 125
18 Beds
9 Baths
6,912 Sq Ft
$229 Price per Sq Ft

Highlights

  • 0.22 Acre Lot
  • Baseboard Heating
  • High Speed Internet
  • No HOA
  • Laundry Facilities
  • 2-minute walk to George Park

About This Home

9-Plex Investment OpportunityFully rented, well-maintained 9-unit property with recent updates. Brick and vinyl exterior. Several units recently upgraded. On-site parking plus 3 rented garages for added income. Strong rental history—turnkey investment with immediate cash flow. The numbers are low due to recent upgrades etc.

Listing Agent

Robert Ambes

Keller Williams Realty Professionals License #950400335 Listed on: 08/13/2025

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,243

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,912 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Parking

  • Paved Parking
  • Off-Street Parking

Schools

  • James John Elementary School
  • George Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R151578

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • St Johns Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $59,473
  • Gross Income $117,411
  • Net Operating Income $57,938

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,243

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1972
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, PartialBasement
  • Storage: None
  • Total Bedrooms: 18
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick,VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

  • Elementary School: James John
  • High School: Roosevelt
  • Middle Or Junior School: George

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583.0
  • Parcel #: R151578

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 11243.16

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 13.5
  • Annual Gross Income: 117411.0
  • Property Net Operating Income: 57938.0
  • Annual Operating Expense: 59473.0

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

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 For Sale $1,585,000 -- $229 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 265984559

Regional Multiple Listing Service (RMLS)

APN: 1N1E06CD 11900

Oregon Multnomah County Portland 97203 Saint Johns

9470 N Alma Ave Unit 9486, Portland, OR

This home is located at 9470 N Alma Ave Unit 9486, Portland, OR 97203 and is currently priced at $1,585,000, approximately $229 per square foot. This property was built in 1972. 9470 N Alma Ave Unit 9486 is a home located in Multnomah County with nearby schools including James John Elementary School, George Middle School, and Roosevelt High School.

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Nearby Homes
Listing Agent
Robert Ambes
Section Image
Keller Williams Realty Professionals
(503) 755-5560