$875000 Price Analysis    ♡   Portland, OR 97218 8 bed 4 bath 3328 SqFt ($262/SqFt) 9147SqFt lot. Built 1984 Listed 2024-03-15, Taxes $9389 | Ⓧ USDA Ineligible due to price & location near Fir |
Don't miss out on this incredible opportunity for a prime investment property: well-maintained 4-Plex that promises consistent cash flow.
Each unit boasts roomy townhouse style 2-bedroom layouts with w/d hookups, attached storage, shared yard and assigned parking -- ideal for attracting quality tenants and maximizing rental income. Currently owner-managed, this property features newer exterior siding and modern stainless-steel appliances in most units, ensuring renter satisfaction and minimizing maintenance costs. With solid renters already in place and commanding market-rate rents, this investment is a seamless addition to any portfolio.
Convenience is key with off-street parking available and excellent proximity to essential amenities. Situated steps away from the NE 42nd bus line, local stores and cafes, tenants enjy easy access to everyday necessities. Plus, with Fernhill Park, Brand new Seasons and the iconic Kennedy School McMennamins nearby, t enants have ample recreational and entertainment options at their fingertips. This 4-Plex offers a hassle-free investment opportunity in a sought-after location. [Home Energy Score = 5. HES Report at
Presented by Vanessa Calvert at
Cascade Hasson Sotheby's International Realty.
Property MLS #24037645 from RMLS
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.2099862
Lot Size Square Feet: 9147
Parking Total: 5
High School: Leodis McDaniel
Middle School: Beaumont
Map directions Map directions Map directions Map directionsGross Scheduled Income: 71760
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Annual Tax Amount: 9597.569999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 5.97
Directions: Set back off Killingsworth down private drive. Turn N off of Killingsworth onto 50th Pl towards 5123
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: CULLY
Parcel Number: R113608
Subdivision: CULLY
Zoning: RM-1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $351650 | $9389 |
| 2021 | $unknown + $unknown $341410 | $9230 |
| 2020 | $unknown + $unknown $331470 | $8468 |
| 2019 | $unknown + $unknown $321820 | $8156 |
| 2018 | $unknown + $unknown $312450 | $7916 |
| 2017 | $unknown + $unknown $303350 | $7587 |
| 2016 | $unknown + $unknown $294520 | $6943 |
| 2015 | $unknown + $unknown $285950 | $6761 |
| 2014 | $unknown + $unknown $277630 | $6233 |
| 2013 | $unknown + $unknown $269550 | $5540 |
| 2012 | $unknown + $unknown $261700 | $5085 |
| 2011 | $unknown + $unknown $254080 | $4852 |
| 2010 | $unknown + $unknown $246680 | $5373 |
| 2009 | $unknown + $unknown $239500 | $5232 |
| 2008 | $unknown + $unknown $232530 | $4937 |
| 2007 | $unknown + $unknown $225760 | $4922 |
$875000
RMLS
Listing removed 2018-10-29
$948500
RMLS
Price Changed 2018-09-25
$948500
RMLS
Price Changed 2018-09-15
$0
RMLS
Price Changed 2018-09-13
$948500
RMLS
Price Changed 2018-08-13
$0
RMLS
Price Changed 2018-08-10
$948500
RMLS
Price Changed 2018-07-10
$0
RMLS
Price Changed 2018-06-28
$995500
RMLS
Price Changed 2018-06-27
$0
RMLS
Price Changed 2018-06-26
$995500
RMLS
Price Changed 2018-06-24
$0
RMLS
Price Changed 2018-06-23
$975000
RMLS
Price Changed 2018-06-09
$0
RMLS
Listed 2018-06-08
$997300
RMLS
Listing removed 2012-05-17
$397000
RMLS
Relisted 2012-01-20
$397000
RMLS
Listing removed 2012-01-01
$397000
RMLS
Relisted 2011-07-02
$397000
RMLS
Listing removed 2011-01-01
$324500
RMLS
Price Changed 2010-11-01
$324500
RMLS
Price Changed 2010-09-05
$339500
RMLS
Price Changed 2010-09-01
$355000
RMLS
Relisted 2010-08-18
$375000
RMLS
Listing removed 2010-07-22
$410000
RMLS
Price Changed 2010-05-18
$410000
RMLS
Relisted 2010-04-03
$325000
RMLS
Listing removed 2010-02-25
$325000
RMLS
Price Changed 2010-02-24
$325000
RMLS
Price Changed 2010-01-22
$390000
RMLS
Price Changed 2009-10-18
$345000
RMLS
Price Changed 2009-07-14
$375000
RMLS
Price Changed 2009-04-30
$385000
RMLS
Listed 2009-02-24
$419500
RMLS
Sold 2005-03-01
$275000
RMLS
Listed 2004-09-11
$275000
RMLS
Sold 1998-08-12
$270000
Public Record
Sold 1996-10-04
$195000
Public Record
Sold 1994-06-20
$145000
Public Record
Sold 1992-01-27
$188750
Public Record
Operating Expense: 16780
Building Area Total: 3328
Building Exterior Type: CementSiding
Foundation Details: ConcretePerimeter
Property Age: 40
Property Condition: Approximately
Roof: Composition, Shingle
Levels or Stories: 2
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.