$875,000 Price Analysis    ♡   Portland, OR 97218 8 bed 4 bath 3,328 SqFt ($262/SqFt) 9,147SqFt lot. Built 1984 Listed 2024-03-15, Taxes $9,389 | Ⓧ USDA Ineligible due to price & location near Portland |
Don't miss out on this incredible opportunity for a prim e investment property: well-maintained 4-Plex that promises consistent cash flow.
Each unit boasts roomy townhouse style 2-bedroom layouts with w/d hookups, attached storage, shared yard and assigned parking -- ideal for attracting quality tenants and maximizing rental income. Currently owner-managed, this property features newer exterior siding and modern stainless-steel appliances in most units, ensuring renter satisfaction and minimizing maintenance costs. With solid renters already in place and commanding market-rate rents, this investment is a seamless addition to any portfolio.
Convenience is key with off-street parking available and excellent proximity to essential amenities. Situated steps away from the NE 42nd bus line, local stores and cafes, tenants enjoy easy access to everyday necessities. Plus, with Fernhill Park, Contemprary Seasons and the iconic Kennedy School McMennamins nearby, tenants have ample recreational and entertainment options at their fingertips. This 4-Plex offers a hassle-free investment opportunity in a sought-after location. [Home Energy Score = 5. HES Report at
Presented by Vanessa Calvert at
Cascade Hasson Sotheby's International Realty.
Property MLS #24037645 from RMLS
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.2099862
Lot Size Square Feet: 9147
High School: Leodis McDaniel
Middle School: Beaumont
Map directions Map directions Map directions Map directionsRent Includes: MaintenanceGrounds, 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: 9597.569999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 5.97
Directions: Set back off Killingsworth down private drive. Turn N off of Killingsworth onto 50th Pl towards 5123
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: CULLY
Parcel Number: R113608
Subdivision: CULLY
Zoning: RM-1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $351,650 | $9,389 |
| 2021 | $unknown + $unknown $341,410 | $9,230 |
| 2020 | $unknown + $unknown $331,470 | $8,468 |
| 2019 | $unknown + $unknown $321,820 | $8,156 |
| 2018 | $unknown + $unknown $312,450 | $7,916 |
| 2017 | $unknown + $unknown $303,350 | $7,587 |
| 2016 | $unknown + $unknown $294,520 | $6,943 |
| 2015 | $unknown + $unknown $285,950 | $6,761 |
| 2014 | $unknown + $unknown $277,630 | $6,233 |
| 2013 | $unknown + $unknown $269,550 | $5,540 |
| 2012 | $unknown + $unknown $261,700 | $5,085 |
| 2011 | $unknown + $unknown $254,080 | $4,852 |
| 2010 | $unknown + $unknown $246,680 | $5,373 |
| 2009 | $unknown + $unknown $239,500 | $5,232 |
| 2008 | $unknown + $unknown $232,530 | $4,937 |
| 2007 | $unknown + $unknown $225,760 | $4,922 |
$875,000
RMLS
Listing removed 2018-10-29
$948,500
RMLS
Price Changed 2018-09-25
$948,500
RMLS
Price Changed 2018-09-15
$0
RMLS
Price Changed 2018-09-13
$948,500
RMLS
Price Changed 2018-08-13
$0
RMLS
Price Changed 2018-08-10
$948,500
RMLS
Price Changed 2018-07-10
$0
RMLS
Price Changed 2018-06-28
$995,500
RMLS
Price Changed 2018-06-27
$0
RMLS
Price Changed 2018-06-26
$995,500
RMLS
Price Changed 2018-06-24
$0
RMLS
Price Changed 2018-06-23
$975,000
RMLS
Price Changed 2018-06-09
$0
RMLS
Listed 2018-06-08
$997,300
RMLS
Listing removed 2012-05-17
$397,000
RMLS
Relisted 2012-01-20
$397,000
RMLS
Listing removed 2012-01-01
$397,000
RMLS
Relisted 2011-07-02
$397,000
RMLS
Listing removed 2011-01-01
$324,500
RMLS
Price Changed 2010-11-01
$324,500
RMLS
Price Changed 2010-09-05
$339,500
RMLS
Price Changed 2010-09-01
$355,000
RMLS
Relisted 2010-08-18
$375,000
RMLS
Listing removed 2010-07-22
$410,000
RMLS
Price Changed 2010-05-18
$410,000
RMLS
Relisted 2010-04-03
$325,000
RMLS
Listing removed 2010-02-25
$325,000
RMLS
Price Changed 2010-02-24
$325,000
RMLS
Price Changed 2010-01-22
$390,000
RMLS
Price Changed 2009-10-18
$345,000
RMLS
Price Changed 2009-07-14
$375,000
RMLS
Price Changed 2009-04-30
$385,000
RMLS
Listed 2009-02-24
$419,500
RMLS
Sold 2005-03-01
$275,000
RMLS
Listed 2004-09-11
$275,000
RMLS
Sold 1998-08-12
$270,000
Public Record
Sold 1996-10-04
$195,000
Public Record
Sold 1994-06-20
$145,000
Public Record
Sold 1992-01-27
$188,750
Public Record
Operating Expense: 16780
Building Area Total: 3328
Building Exterior Type: CementSiding
Foundation Details: ConcretePerimeter
Property Age: 40
Property Condition: Approximately
Roof: Composition, Shingle
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.