$1,150,000
$25K PRICE DROP

Portland, OR 97233

Hazelwood Neighborhood

Estimated payment $7,027/month

Total Views 1,462
12 Beds
28 Baths
5,184 Sq Ft
$222 Price per Sq Ft

Highlights

  • Territorial View
  • Level Lot
  • Lap Siding
  • Baseboard Heating

About This Home

100% occupancy! This property is an excellent investment opportunity, offering a total of six units on a single lot. It consists of a four-plex and a duplex, with each unit designed in a townhouse style. Every unit features two bedrooms, one and a half bathrooms, and approximately 840 square feet of living space. Over the past several years, the interiors have been well maintained and thoughtfully updated, giving the property strong tenant appeal and long-term stability.It’s a great set-up—easy to manage and maintain—making this an efficient and attractive addition to any investment portfolio The seller requests that tenants not be disturbed, and showings will be arranged only after an offer has been accepted. Listing broker has an ownership interest in the selling LLC.

Listing Agent

Cornell Mann

Great Western Real Estate Co Brokerage Email: GreatWesternRE@gmail.com License #911000262 Listed on: 10/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,585

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Lap Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,184 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Crawl Space

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 28 Bathrooms

Parking

  • 9 Parking Spaces
  • Open Parking

Schools

  • Lincoln Park Elementary School
  • Ron Russell Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R183914

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $30,643
  • Gross Income $107,868
  • Net Operating Income $71,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,585

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 12
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: LapSiding,T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Total Parking Spaces: 9.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Lincoln Park
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939.0
  • Parcel #: R183914

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 11584.93

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 10.66
  • Annual Gross Income: 107868.0
  • Property Net Operating Income: 71604.0
  • Annual Operating Expense: 30643.0

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

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 $11,550 $539,300 -- --
2024 $11,585 $523,600 -- --
2023 $11,509 $508,350 $0 $0
2022 $10,569 $493,550 $0 $0
2021 $10,305 $479,180 $0 $0
2020 $10,092 $465,230 $0 $0
2019 $9,635 $451,680 $0 $0
2018 $9,469 $438,530 $0 $0
2017 $9,120 $425,760 $0 $0
2016 $8,554 $413,360 $0 $0
2015 $7,367 $401,330 $0 $0
2014 $7,035 $389,650 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 Price Changed $1,150,000 -2.1% $222 / Sq Ft
10/01/2025 10/01/25 For Sale $1,175,000 -- $227 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- Ticor Title
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 747333323

Regional Multiple Listing Service (RMLS)

APN: R183914

Oregon Multnomah County Portland 97233

Hazelwood

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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.

Nearby Homes
Cornell Mann
Listing Agent
Cornell Mann
Section Image
Great Western Real Estate Co
(971) 458-4830