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$497,500   Price Analysis
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4701 SW Martha St
Portland, OR 97221
4 bed 2 bath 16,645 SqFt ($29/SqFt)
6,534SqFt lot. Built 1972
Listed 2024-05-16, Taxes $5,966
Ⓧ USDA Ineligible
due to location

near Green Hills

Great location in SW Prtland in an area of more expensive single family homes.Located off Beaverton Hillsdale Hwy and close to Multnomah Village.

* No Longer For Sale *
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One block from mass transit with close proximity to stores, restaurants and easy access to downtown Portland and OSHU. Unit 4701 was remodeled in 2022 and is rented at $1, 545.

Unit 4703 was remodeled and is rented at $1, 645. Covered carport parking and each unit has a washer and dryer. Site has potential for additional unit development as th e property is zoned R2, buyer to do own due diligence.


Presented by Thomas DeMonbrun at
Metro Group Realty.


Property MLS #24327643 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Heating Features: Baseboard
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity

Basement Description: Daylight, Finished

Lot Description: GentleSloping
Lot Size Acres: 0.15
Lot Size Square Feet: 6534

Road Surface Type: Paved

Parking Features: Carport, OnStreet
Parking Total: 2

View: TreesWoods

Elementary School: Hayhurst
High School: Ida B Wells
Middle School: Robert Gray

Hayhurst Elementary School is a public elementary and middle school located approximately 0.4 miles away.
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Ida B. Wells-Barnett High School is a public high school located approximately 1.8 miles away.
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West Hills Montessori School-Lake Oswego is a private elementary school located approximately 0.7 miles away.
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Gross Income: 38280
Rent Includes: MaintenanceGrounds

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt5000to6999
Annual Tax Amount: 6099.029999999
Source Listing Status: Closed
County: Multnomah
Cap Rate: 6.03
Directions: Beaverton Hillsdale Hwy / Martha Street
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R160606
Zoning: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$223,670
$5,966
2021$unknown + $unknown
$217,160
$5,866
2020$unknown + $unknown
$210,840
$5,381
2019$unknown + $unknown
$204,700
$5,183
2018$unknown + $unknown
$198,740
$5,030
2017$unknown + $unknown
$192,960
$4,821
2016$unknown + $unknown
$187,340
$4,412
2015$unknown + $unknown
$181,890
$4,296
2014$unknown + $unknown
$176,600
$4,232
2013$unknown + $unknown
$171,460
$4,088
2012$unknown + $unknown
$166,470
$3,715
2011$unknown + $unknown
$161,630
$3,544
2010$unknown + $unknown
$156,930
$3,409
2009$unknown + $unknown
$152,360
$3,319
2008$unknown + $unknown
$147,930
$3,133
2007$unknown + $unknown
$143,630
$3,127

Sold 2024-07-31
$497,500
RMLS
Listing removed 2024-06-06
$509,900
RMLS
Listed 2024-05-16
$509,000
RMLS
Listing removed 2024-05-16
$509,900
RMLS
Price Changed 2024-03-28
$509,900
RMLS
Price Changed 2024-01-20
$540,000
RMLS
Price Changed 2024-01-19
$0
RMLS
Listed 2024-01-08
$540,000
RMLS
Listing removed 2008-12-01
$289,000
RMLS
Listed 2008-06-10
$289,000
RMLS
Sold 1988-03-01
$55,500
Public Record

Net Operating Income: 30680
Operating Expense: 7600

Year Built: 1972
Building Area Total: 16645
Building Exterior Type: T111Siding
Foundation Details: Slab, StemWall
Property Age: 52
Property Condition: UpdatedRemodeled
Roof: BuiltUp, Composition
Levels or Stories: 1

Sewer: PublicSewer
Water Source: PublicWater

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.