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$284,500   Price Analysis
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7468 SE 51st Ave
Portland, OR 97206
2 bed 1 bath 738 SqFt ($385/SqFt)
5,227SqFt lot. Built 1914
Listed 2024-03-22, Taxes $1,805
Ⓧ USDA Ineligible
due to location

near Portland

Fantastic property offering a fantastic opportunity for developers and investors.

Bring your investment expertise to this property situated in a sought-after neighborhood known for its convenience and amenities. This .12 acre lot has many possibilities. The R2.5 zoning allows for single family, duplexes, triplexes, fourplexes and ADU. The true value lies in the land, which presents a blank canvas for your project. Home on property for possible restoration is 2 bedroom, 1 bathroom.

In a neighborhood with a walkable and biker's paradise rating, residents enjoy easy access to nearby schools, multiple parks, restaurants and shopping destinations. Golf enthusiasts will appreciate the proximity to the Eastmoreland Golf Course, while students and faculty will find Reed College is 5 minutes away. Whether yu envision building your dream home, townhome or a custom-designed residence, don't miss this opportunity to create something truly special.


Presented by Nick Shivers at
Keller Williams-PDX Central.
Listing Agent Photo

Property MLS #24344897 from RMLS

Bedrooms: 2

Total Bathrooms: 1.0
Full Bathrooms: 1
Bathrooms On Main Level: 1.0
Full Bathrooms On Main Level: 1

Lot Description: Level
Lot Size Acres: 0.1199954
Lot Size Square Feet: 5227

Road Surface Type: Paved

Parking Features: OffStreet

Elementary School: Lewis
High School: Cleveland
Middle School: Sellwood

Lewis Elementary School is a public elementary school located approximately 0.5 miles away.
directions icon Map directions

Sellwood Middle School is a public middle school located approximately 2 miles away.
directions icon Map directions

Cleveland High School is a public high school located approximately 2.5 miles away.
directions icon Map directions

Puddletown School is a private elementary school located approximately 0.6 miles away.
directions icon Map directions

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt5000to6999
Annual Tax Amount: 1844.829999999
Source Listing Status: Active
County: Multnomah
Directions: I-205, exit 16, L on SE Johnson Creek Blvd, R on SE Flavel Dr, R on SE 51st Ave
Tax Year: 2023
Source Property Type: Residential
Parcel Number: R157923
Zoning: R2.5
Property Subtype: SingleFamilyResidence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$67,600
$1,805
2021$unknown + $unknown
$65,640
$1,774
2020$unknown + $unknown
$63,730
$1,628
2019$unknown + $unknown
$61,880
$1,568
2018$unknown + $unknown
$122,770
$3,110
2017$unknown + $unknown
$119,200
$2,981
2016$unknown + $unknown
$115,730
$2,728
2015$unknown + $unknown
$112,360
$2,656
2014$unknown + $unknown
$109,090
$2,616
2013$unknown + $unknown
$105,920
$2,431
2012$unknown + $unknown
$102,840
$2,213
2011$unknown + $unknown
$99,850
$2,225
2010$unknown + $unknown
$96,950
$2,111
2009$unknown + $unknown
$94,130
$2,056
2008$unknown + $unknown
$91,390
$1,940
2007$unknown + $unknown
$88,730
$1,934

Price Changed 2024-05-07
$284,500
RMLS
Price Changed 2024-05-07
$284,500
RMLS
Price Changed 2024-04-15
$299,000
RMLS
Price Changed 2024-04-15
$299,000
RMLS
Listed 2024-03-22
$319,500
RMLS
Listed 2024-03-22
$319,500
RMLS
Sold 2021-04-07
$400,000
Public Record
Sold 2021-04-01
$400,000
Public Record

Year Built: 1914
Building Area Total: 738
Property Age: 110
Property Condition: Fixer
Levels or Stories: 1
House Style: Stories1
Total Area Main: 738
Architectural Style: Stories1

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.