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$699,000   Price Analysis
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505 NE 63rd Ave
Portland, OR 97213
5 bed 4 bath unknown SqFt ($0/SqFt)
4,791SqFt lot. Built 1973
Listed 2024-05-30, Taxes $8,302
Ⓧ USDA Ineligible
due to location

near Portland

Updated triplex located in North-Tabor.

Perfect investment opportunity. Two units have been refreshed with paint, carpet and new fixtures throughout. Located on the bus line and near the Max, close proximity to many shops and restaurants and exceptional walk /bike scores. Each unit comes with a spot under the carport with room for a car parked in tandem. Basement with laundry and 3 romy storage lockers. One unit is occupied - the other two are ready to rent!

[Home Energy Score = 1. HES Report at


Presented by Melisa Pierson at
Windermere Realty Trust.


Property MLS #24697888 from RMLS

Bedrooms: 5

Cooling Features: WallUnit
Heating Features: Ceiling
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity

Full Bathrooms: 4

Storage: Basement, IndividualStorageUnits

Basement Description: PartialBasement, StorageSpace

Lot Description: CornerLot, OnBusline, Trees
Lot Size Acres: 0.1099862
Lot Size Square Feet: 4791

Road Surface Type: Paved

Parking Features: Carport, OffStreet
Parking Total: 6

Elementary School: Vestal
High School: Franklin
Middle School: Mt Tabor

Vestal Elementary School is a public elementary school located approximately 1 miles away.
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Roseway Heights School is a public middle school located approximately 1.3 miles away.
directions icon Map directions

Madison High School is a public high school located approximately 1.4 miles away.
directions icon Map directions

Bridges Middle School is a private elementary and middle school located approximately 0.7 miles away.
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Gross Income: 48420
Rent Includes: TrashCollection

Number of Units: 3
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1

Community Features: AllLandscaping, Laundry

LotSizeRange: SqFt3000to4999
Annual Tax Amount: 8486.440000000
Source Listing Status: Active
County: Multnomah
Cap Rate: 5.07
Directions: 63RD AND GLISAN
Source Property Type: MultiFamily
Parcel Number: R234530
Zoning: R2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$310,940
$8,302
2021$unknown + $unknown
$301,890
$8,162
2020$unknown + $unknown
$293,100
$7,487
2019$unknown + $unknown
$284,570
$7,212
2018$unknown + $unknown
$276,290
$7,000
2017$unknown + $unknown
$268,250
$6,709
2016$unknown + $unknown
$260,440
$6,140
2015$unknown + $unknown
$252,860
$5,979
2014$unknown + $unknown
$245,500
$5,889
2013$unknown + $unknown
$238,350
$5,752
2012$unknown + $unknown
$231,410
$5,083
2011$unknown + $unknown
$224,670
$5,007
2010$unknown + $unknown
$218,130
$4,751
2009$unknown + $unknown
$211,780
$4,626
2008$unknown + $unknown
$205,620
$4,366
2007$unknown + $unknown
$199,640
$4,353

Price Changed 2024-06-21
$699,000
RMLS
Price Changed 2024-06-21
$699,000
RMLS
Listed 2024-05-30
$725,000
RMLS
Listed 2024-05-30
$725,000
RMLS
Sold 2019-08-06
$639,950
RMLS
Sold 2005-05-03
$330,000
RMLS
Listed 2005-02-25
$330,000
RMLS
Sold 1999-05-14
$235,950
Public Record
Sold 1992-11-16
$135,000
Public Record

Net Operating Income: 35434
Operating Expense: 12986

Year Built: 1973
Building Exterior Type: Brick, LapSiding
Foundation Details: ConcretePerimeter
Property Age: 51
Property Condition: UpdatedRemodeled
Roof: Composition
Levels or Stories: 3

Sewer: PublicSewer
Water Source: PublicWater

Security Features: SecurityGate
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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.