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$639,900   Price Analysis
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3436 SW 1st Ave
Portland, OR 97239
3 bed 3 bath 2,682 SqFt ($238/SqFt)
Built 1885
Listed 2024-01-15, Taxes $9,441
Ⓧ USDA Ineligible
due to location

near Portland

Nestled in the vibrant heart of Portland and near to OHSU

* Sale Pending *

This Victorian tri-plex seamlessly blends historic charm with contemporary updates. The exterior exemplifies Victorian charm boasting a gabled roof, gingerbread detailing, divided light window and a front porch adorned with delicate spindlework. As you step into the shared entry, you'll discover th ree distinct units, each occupying its own floor. Throughout, enjoy the luxury and practicality of hard surface floors, featuring original wood on the first and second levels and new laminate on the third, complemented by lofty ceilings and private balconies for every unit.

The second and third floor units offer eastward views, with the third floor revealing the city and mountain on clear days. Recent enhancements extend beyond the exterior paint, including fresh white interiors, new water heaters, brand new electrical panel, upgraded heating and cooling systems and reinforced deck railings and fire escape. The daylight basement serves as a practical hub for utilities, shred laundry and additional storage. This well maintained tri-plex doesn't represent a good investment; it presents an excellent opportunity for the owner-occupant investor in search of a lifestyle in the heart of the city.


Presented by Cristen Lincoln at
Living Room Realty.
Listing Agent Photo

Property MLS #23004971 from RMLS

Bedrooms: 3

Cooling Features: HeatPump
Heating Features: MiniSplit
Heating: Yes
Water Heaters: Gas

Full Bathrooms: 3

Storage: Basement

Basement Description: Daylight, ExteriorEntry

Lot Description: CornerLot

Road Surface Type: Paved

View: Mountain, Territorial
Security Features: Entry

Elementary School: Capitol Hill
High School: Ida B Wells
Middle School: Jackson

Ida B. Wells-Barnett High School is a public high school located approximately 1.5 miles away.
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Capitol Hill Elementary School is a public elementary school located approximately 2.5 miles away.
directions icon Map directions

Jackson Middle School is a public middle school located approximately 3.8 miles away.
directions icon Map directions

Building Bridges is a private elementary school located approximately 0.1 miles away.
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Gross Income: 47220
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

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

Community Features: Laundry

LotSizeRange: SqFt0Kto2999
Annual Tax Amount: 9649.909999999
Source Listing Status: Pending
County: Multnomah
Cap Rate: 5.01
Directions: SW 1st and Curry
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: LAIR HILL/CORBETT
Parcel Number: R129125
Subdivision: LAIR HILL/CORBETT
Zoning: RM1
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$353,900
$9,441
2021$unknown + $unknown
$343,600
$9,281
2020$unknown + $unknown
$333,600
$8,514
2019$unknown + $unknown
$323,890
$8,201
2018$unknown + $unknown
$314,460
$7,960
2017$unknown + $unknown
$305,310
$7,629
2016$unknown + $unknown
$296,420
$6,981
2015$unknown + $unknown
$287,790
$6,763
2014$unknown + $unknown
$279,410
$6,220
2013$unknown + $unknown
$271,280
$6,238
2012$unknown + $unknown
$263,380
$5,004
2011$unknown + $unknown
$255,710
$5,332
2010$unknown + $unknown
$248,270
$5,394
2009$unknown + $unknown
$241,040
$5,251
2008$unknown + $unknown
$234,020
$4,957
2007$unknown + $unknown
$227,210
$4,946

Relisted 2024-02-14
$639,900
RMLS
Listing removed 2024-02-09
$639,900
RMLS
Price Changed 2024-01-20
$639,900
RMLS
Price Changed 2024-01-19
$0
RMLS
Listed 2024-01-15
$639,900
RMLS
Listing removed 2020-08-01
$599,000
RMLS
Listing removed 2020-06-15
$599,000
RMLS
Listed 2020-01-31
$599,000
RMLS
Listing removed 2019-05-02
$665,000
RMLS
Listed 2019-01-09
$665,000
RMLS
Sold 2012-09-10
$400,000
Public Record
Sold 1990-02-01
$57,000
Public Record

Net Operating Income: 32090
Operating Expense: 15130

Year Built: 1885
Building Area Total: 2682
Building Exterior Type: WoodSiding
Property Age: 139
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.