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$1,189,900   Price Analysis
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607 NE Stanton St
Portland, OR 97212
5 bed 5 bath 3,500 SqFt ($339/SqFt)
6,098SqFt lot. Built 1910
Listed 2024-03-23, Taxes $3,000
Ⓧ USDA Ineligible
due to price & location

near Portland

Stunning Four-Square Triplex designed ideally for owner occupancy with condo conversion quality

Possible Nanny Quarters, Multi-Generational Living or Great Income Property. Ideally located 2 blocks f rom Irving Park! Taken down to the studs and brought back to life with modern-day amenities and yesteryears charm. Extrme Quality in each unit, quartz countertops, custom cabinets, stainless appliances, gorgeous backsplash, tiled showers and so much more.

Tall ceilings and potential office/workspace in all units. Spacious and relaxing outdoor spaces include the gigantic front porch, multiple decks/balconies and large backyard. The fully finished basement level has a separate entrance to be used as a 3rd unit. And due to favorable zoning, there is an opportunity to add up to 3 more units behind the existing structure. Contact listing agent for plans/designs. Buyer to verify with city. Centrally located with a Walk score of 87 and Bike score of 98. A TRUE MUST SEE!


Presented by Dustin Funes at
Premiere Property Group, Llc.
Listing Agent Photo

Property MLS #24026718 from RMLS

Bedrooms: 5

Cooling Features: MiniSplit, WallUnit
Heating Features: MiniSplit
Heating: Yes
Water Heaters: Electricity

Full Bathrooms: 5

Basement Description: Finished, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit

Lot Description: Level
Lot Size Acres: 0.1399908
Lot Size Square Feet: 6098

Road Surface Type: Paved

Parking Features: Open

Elementary School: Irvington
High School: Jefferson
Middle School: Harriet Tubman

Irvington Elementary School is a public elementary school located approximately 0.5 miles away.
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Harriet Tubman Middle School is a public middle school located approximately 0.6 miles away.
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Jefferson High School is a public high school located approximately 1.3 miles away.
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Oregon Outreach is a private high school located approximately 0.4 miles away.
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Gross Income: 84000

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: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt5000to6999
Annual Tax Amount: 3066.690000000
Source Listing Status: Active
County: Multnomah
Cap Rate: 6.39
Directions: From NE Fremont, South on NE 7th, West on NE Stanton
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: IRVINGTON
Parcel Number: R101970
Subdivision: IRVINGTON
Zoning: RM1
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$112,360
$3,000
2021$unknown + $unknown
$109,090
$2,949
2020$unknown + $unknown
$105,920
$2,705
2019$unknown + $unknown
$102,840
$2,606
2018$unknown + $unknown
$99,850
$2,530
2017$unknown + $unknown
$96,950
$2,425
2016$unknown + $unknown
$94,130
$2,219
2015$unknown + $unknown
$91,390
$2,161
2014$unknown + $unknown
$88,730
$2,128
2013$unknown + $unknown
$86,150
$2,079
2012$unknown + $unknown
$83,650
$1,881
2011$unknown + $unknown
$81,220
$1,810
2010$unknown + $unknown
$78,860
$1,717
2009$unknown + $unknown
$76,570
$1,672
2008$unknown + $unknown
$74,340
$1,578
2007$unknown + $unknown
$72,180
$1,573

Relisted 2024-06-07
$1,189,900
RMLS
Listing removed 2024-05-20
$1,199,000
RMLS
Price Changed 2024-05-10
$1,199,000
RMLS
Price Changed 2024-03-25
$1,199,900
RMLS
Listing removed 2024-03-23
$1,250,000
RMLS
Listed 2024-03-23
$1,200,000
RMLS
Price Changed 2024-01-20
$1,250,000
RMLS
Price Changed 2024-01-19
$0
RMLS
Listed 2023-12-12
$1,250,000
RMLS
Sold 2022-06-01
$610,000
RMLS

Net Operating Income: 76000
Operating Expense: 8000

Year Built: 1910
Building Area Total: 3500
Building Exterior Type: WoodSiding
Property Age: 114
Property Condition: UpdatedRemodeled
Roof: Composition
Levels or Stories: 3

Sewer: PublicSewer
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.