Estimated payment $7,390/month
New price on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 6.97 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional $595/month income on 3 separately leased garage spaces. Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Bamboo Sushi, Ken's Artisan Pizza, food pods, brews and more. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area for those drawn to the ease of living near work, food and fun, with many nearby parks.
Listing Agent
Wood Land Realty Brokerage Phone: 503-522-1691 License #200303178 Listed on: 03/14/2025
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Bedrooms and Bathrooms
Schools
Utilities
Listing and Financial Details
Overview
Amenities
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $10,395 | $392,280 | $0 | $0 |
| 2022 | $10,170 | $380,860 | $0 | $0 |
| 2021 | $9,998 | $369,770 | $0 | $0 |
| 2020 | $9,171 | $359,000 | $0 | $0 |
| 2019 | $8,834 | $348,550 | $0 | $0 |
| 2018 | $8,574 | $338,400 | $0 | $0 |
| 2017 | $8,218 | $328,550 | $0 | $0 |
| 2016 | $7,521 | $318,990 | $0 | $0 |
| 2015 | $7,324 | $309,700 | $0 | $0 |
| 2014 | $7,213 | $300,680 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Price Changed | $1,175,000 | -1.7% | $363 / Sq Ft |
| 06/07/2025 06/07/25 | Price Changed | $1,195,000 | -0.4% | $369 / Sq Ft |
| 04/24/2025 04/24/25 | Price Changed | $1,200,000 | -2.0% | $370 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $1,225,000 | -2.0% | $378 / Sq Ft |
| 03/14/2025 03/14/25 | For Sale | $1,250,000 | +4.9% | $386 / Sq Ft |
| 08/08/2022 08/08/22 | Sold | $1,192,000 | -4.6% | $368 / Sq Ft |
| 06/20/2022 06/20/22 | Pending | -- | -- | -- |
| 05/20/2022 05/20/22 | Price Changed | $1,250,000 | 0.0% | $386 / Sq Ft |
| 05/20/2022 05/20/22 | For Sale | $1,250,000 | -3.5% | $386 / Sq Ft |
| 05/12/2022 05/12/22 | Pending | -- | -- | -- |
| 04/21/2022 04/21/22 | For Sale | $1,295,000 | -- | $400 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Warranty Deed | $1,192,000 | Fidelity National Title | |
| Warranty Deed | $492,500 | Fidelity Natl Title Co Of Or | |
| Bargain Sale Deed | $184,500 | Transnation Title Agency Or | |
| Warranty Deed | $263,000 | Ticor Title Insurance Compan |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $546,700 | Balloon | |
| Previous Owner | $580,000 | New Conventional | |
| Previous Owner | $369,375 | Purchase Money Mortgage | |
| Previous Owner | $287,000 | Purchase Money Mortgage | |
| Previous Owner | $236,437 | Purchase Money Mortgage |
$1,095,000
LOCATION could not be sweeter on for this 5-plex just 1 block from Grand Central Bakery and all of the delights of Hawthorne St. Uniquely situation on the corner of Madison and SE 23rd, this 5 unit complex has 5 distinct layouts including 1 2/1 Unit and 4 1/1 Units: the "penthouse" spanning the entire upstairs and includes a den. This home has been beautifully maintained and includes gas stoves
Merilee Lloyd Mal & Seitz
$1,100,000
Great Investment Opportunity – Duplex on Corner Lot with 3-Car Garage. Vintage mid-century duplex presents a unique opportunity for investors and developers alike. Situated on a prime corner lot in the highly sought-after Mt. Tabor neighborhood, this property offers a blend of classic mid-century style, rental income, and exciting multiple development potentials. Keep the duplex and develop north
Suzanne Clark Cascade Hasson Sotheby's International Realty
$975,000
OPEN Sun 7/13 1-3pm! Come explore this grand & versatile Queen Anne Victorian, to use as 3Plex or love it as a whole house! Attractive seller financing may be possible. Airbnb for 1 or more units may be allowed. Stunning "owner's unit" upstairs, over 1850 sq ft. Benefit from a lucrative rental income while living a vibrant urban lifestyle in the heart of exciting NW Portland. Located in a coveted
Laurie Sonnenfeld Laurie Sonnenfeld Realty
$1,235,000
Live in One, Rent the Others – Modern Tri-Plex in the Heart of Kerns!Rare opportunity to own a stylishly updated tri-plex in Portland’s vibrant Kerns neighborhood—ranked the #5 Coolest Neighborhood in the World by Time Out and A+ by Niche. This is the ideal setup for an owner-occupant looking to offset housing costs, multi-generational living, or even a group purchase where each buyer occupies a
Matt Mahaffy Windermere Realty Trust
$1,315,000
Park like setting in this one of a kind eco friendly 5 unit multifamily investment in A+ Buckman location. Situated up and off the street, this mid-century plex was entirely renovated in 2010/2011 with no expense spared! With modern touches, solar panels & durable materials, the Dawg Terrace is built to last and provide a low maintenance and easy to enjoy investment. Fully leased investment with
Hope Beraka Think Real Estate
$1,300,000
Check out the location! Two triplexes side by side on two separate tax lots being sold together. Great close-in location with walkability drives consistent interest. Great income with historically longterm tenants. Low rents on most units offers great potential for increase income and upside. Both off street and on street parking. Some recent updates in the kitchen with newer appliances.
Chris Suarez Keller Williams Sunset Corridor
$1,000,000
Well-kept 1926 fourplex in the highly desirable Sunnyside neighborhood. Each unit has its own private basement and features vintage charm that hasn’t been over-renovated: hardwood floors, classic tile, original built-ins. Strong rents, low vacancy. Extra income through leased garage spaces. Owner occ opportunity - one unit & one garage vacant. Walk Score 95, Bike Score 100. Blocks to Belmont,
Eric Guess Rarebird Real Estate
$1,400,000
This seven-unit multifamily property is located at the corner of SE 22nd and Madison in Portland’s highly desirable Buckman neighborhood. Built in 1904, this classic eastside building offers spacious one-bedroom units, each approximately 600 square feet, featuring hardwood floors, gas ranges, and abundant natural light.The property includes on-site laundry, a full basement with storage, and
Benjamin Ficker Keller Williams Sunset Corridor
$1,329,900
Exceptional Triplex Investment in Portland’s Vibrant Buckman Neighborhood. Situated in the heart of one of Portland’s most desirable and walkable neighborhoods, this newly built triplex offers an outstanding investment opportunity. Each of the three units features thoughtfully designed, open-concept living spaces with high ceilings and expansive windows that flood the interiors with natural
Darryl Bodle Keller Williams Realty Portland Premiere
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 493082979
APN: R214625
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.