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$975,000   Price Analysis
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7140 SE Thorburn St
Portland, OR 97215
9 bed 6 bath 4,806 SqFt ($202/SqFt)
0.33 acre lot. Built 1969
Listed 2024-03-01, Taxes $13,636
Ⓧ USDA Ineligible
due to price & location

near Portland

Mid Century Flair in sought after Mt Tabor neighborhood!All homes have two car tandem garages.

* Sale Pending *

The front unit 7150-A has two additional storage rooms behind the garage. This home and the 7140- A have territorial views and Mt St Helens. Pristine composite roof in 2021 . Excellent location, twelve minutes to the Portland airport, close to restaurants and shops with all the local charm of Mt Tabor! Add to your investment portfolio or us vacant unit as owner occupied and you have four tenant occupied units for rental income.

Included in the sale, tax ids: R169060-multifamily, R169061-land parcel. Please do not disturb tenants, thank you. Tenants are all month to month.


Presented by Carolyn Hoty at
Keller Williams Realty Profes.
Listing Agent Photo

Property MLS #24178938 from RMLS

Bedrooms: 9

Cooling Features: WallUnit
Heating Features: Baseboard, WallHeater
Heating: Yes
Water Heaters: Electricity

Full Bathrooms: 6

Storage: Attached, Garage

Basement Description: ExteriorEntry, PartiallyFinished, StorageSpace

Lot Description: Level, Private, Sloped
Lot Size Acres: 0.33
Lot Size Square Feet: 14374

Garage Spaces: 5
Parking Features: Attached, Garage

Road Surface Type: Paved

View: Mountain, Territorial

Elementary School: Glencoe
High School: Franklin
Middle School: Mt Tabor

Mt Tabor Middle School is a public middle school located approximately 0.7 miles away.
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Glencoe Elementary School is a public elementary school located approximately 1.1 miles away.
directions icon Map directions

Franklin High School is a public high school located approximately 1.5 miles away.
directions icon Map directions

Columbia Christian School is a private elementary, middle and high school located approximately 1 miles away.
directions icon Map directions

Gross Income: 61644
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Number of Units: 5
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 1

Community Features: AllLandscaping, Commons

LotSizeRange: SqFt10000to14999
Annual Tax Amount: 15454.82999999
Source Listing Status: Pending
County: Multnomah
Cap Rate: 4.13
Directions: E Burnside St to SE Thorburn St
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: MT TABOR
Parcel Number: R169060
Subdivision: MT TABOR
Zoning: RM1, R5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2020$0 + $0
$533,750
$13,636
2019$0 + $0
$518,210
$13,134
2018$0 + $0
$503,120
$12,748
2017$0 + $0
$488,470
$12,218
2016$0 + $0
$474,250
$11,182
2015$0 + $0
$460,440
$10,888
2014$0 + $0
$447,030
$10,724
2013$unknown + $unknown
$434,010
$10,474
2012$unknown + $unknown
$421,370
$9,475
2011$unknown + $unknown
$409,100
$9,118
2010$unknown + $unknown
$397,190
$8,651
2009$unknown + $unknown
$385,630
$8,425
2008$unknown + $unknown
$374,400
$7,950
2007$unknown + $unknown
$363,500
$7,927

Price Changed 2024-05-31
$975,000
RMLS
Price Changed 2024-05-02
$1,070,000
RMLS
Listed 2024-03-01
$1,295,900
RMLS

Net Operating Income: 40289
Operating Expense: 21355

Year Built: 1969
Building Area Total: 4806
Building Exterior Type: T111Siding
Foundation Details: ConcretePerimeter
Property Age: 55
Property Condition: Existing
Roof: Composition
Levels or Stories: 1

Sewer: PublicSewer
Water Source: PublicWater
Click Thumbnail Images To View Full Size
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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.