$950,000 Price Analysis    ♡   Portland, OR 97219 8 bed 4 bath 4,324 SqFt ($219/SqFt) 0.33 acre lot. Built 1959 Listed 2024-05-24, Taxes $13,095 | Ⓧ USDA Ineligible due to price & location near Portland |
This clean updated brick front 4 plex feels privately tucked away up in the trees and yet it's located on a highly visible corner lot across the street from Brbur Fred Meyer.
Consistently 100% occupied and excellent long term rental history. The seller posts a sign out front and these sought after apartments get snapped up. Unit 1303 has a separate/second patio entrance and is available to view up until May 31st before the new tenant signs a one year lease and moves in. The other three units are long term month to month tenants. Two of the units have dens which could act as a third nonconforming bedroom. Incredibly low maintenance landscaping with sprinkler system, attached carport parking for each unit, plus 5 additional spaces for guests, individual storage for each unit, all tile kitchens with ceiling fans, some units have hardwoo d floors, all newer double vinyl windows minus two aluminum, gas furnaces and all new electrical panels installed late 2019.
Treed private park like common area for tenants to enjoy and on-site washer and dryer that contributes to the owner's profits. Easy commute to stores, parks, bus lines, I-5, OHSU, Lewis and Clark and National College of Natural Medicine (NCNM). Seller was told additional units could be built - buyer to do their own due diligence on this possibility for room to grow.
Presented by Loree Kaiser at
Better Homes & Gardens Realty.
Property MLS #24442039 from RMLS
Heating Features: ForcedAir
Heating Fuel: Gas
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.33
Lot Size Square Feet: 14374
Parking Total: 9
Security Features: Entry, SecurityLights
High School: Ida B Wells
Middle School: Robert Gray
Map directions Map directions Map directions Map directionsRent Includes: 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: 13412.30999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 4.86
Directions: Corner of 13th and Bertha Blvd - Driveway on 13th
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R111766
Zoning: RM1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $504,210 | $13,095 |
| 2021 | $unknown + $unknown $489,530 | $13,223 |
| 2020 | $unknown + $unknown $475,280 | $12,130 |
| 2019 | $unknown + $unknown $461,440 | $11,684 |
| 2018 | $unknown + $unknown $448,000 | $11,340 |
| 2017 | $unknown + $unknown $434,960 | $10,868 |
| 2016 | $unknown + $unknown $422,300 | $9,946 |
| 2015 | $unknown + $unknown $410,000 | $9,685 |
| 2014 | $unknown + $unknown $398,060 | $9,539 |
| 2013 | $unknown + $unknown $386,470 | $9,317 |
| 2012 | $unknown + $unknown $375,220 | $8,428 |
| 2011 | $unknown + $unknown $364,300 | $8,109 |
| 2010 | $unknown + $unknown $353,690 | $7,685 |
| 2009 | $unknown + $unknown $343,390 | $7,481 |
| 2008 | $unknown + $unknown $333,390 | $7,062 |
| 2007 | $unknown + $unknown $323,680 | $7,047 |
$950,000
RMLS
Listed 2024-05-24
$1,000,000
RMLS
Sold 2007-09-06
$589,000
RMLS
Listed 2007-01-30
$589,000
RMLS
Sold 2005-07-01
$640,000
Public Record
Sold 2003-10-17
$441,000
Public Record
Sold 2000-12-12
$342,660
Public Record
Sold 1995-10-31
$290,000
Public Record
Sold 1990-11-01
$40,000
Public Record
Operating Expense: 29500
Building Area Total: 4324
Building Exterior Type: Brick, WoodSiding
Foundation Details: Slab
Property Age: 65
Property Condition: Existing
Roof: Composition
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.