$625,000
PENDING

Estimated payment $4,042/month

Total Views 5,317
4 Beds
2 Baths
2,384 Sq Ft
$262 Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Laundry Facilities
  • Creston Elementary School Rated 9+
  • Garage
  • Wood Siding

About This Home

Prime investment opportunity on a classic inner city Portland Duplex. One Vacant Unit. New roof and exterior paint in 2024 and new furnace in 2016. Two bedroom, one bath units with hardwood floors throughout, open kitchen, great storage and bonus space with high ceilings in the basement and private garages. Owner occupied option available or rent both units as this property delivers an attractive 5.5 cap rate. Close to shopping, entertainment, local Creston and Kenilworth Parks and located a half block from mass transit for easy movement throughout the city.

Listing Agent

Douglas Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #200903041 Listed on: 06/19/2025

John L. Scott Portland Central

Co-Listing Agent

Maddie Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #201226780

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,961

Year Built

  • Built in 1953

Lot Details

  • 6,969 Sq Ft Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,384 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Basement Storage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Garage
  • Off-Street Parking

Schools

  • Creston Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R328204

Community Details

Overview

  • 2 Units
  • Creston Kenilworth Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $12,488
  • Gross Income $47,046
  • Net Operating Income $34,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,961

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1953
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Storage: Basement
  • Total Bedrooms: 4
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R328204

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7960.55

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.28
  • Annual Gross Income: 47046.0
  • Property Net Operating Income: 34558.0
  • Annual Operating Expense: 12488.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $7,961 $297,530 -- --
2023 $7,961 $288,870 $0 $0
2022 $7,489 $280,460 $0 $0
2021 $7,362 $272,300 $0 $0
2020 $6,754 $264,370 $0 $0
2019 $6,506 $256,670 $0 $0
2018 $6,314 $249,200 $0 $0
2017 $6,052 $241,950 $0 $0
2016 $5,539 $234,910 $0 $0
2015 $5,393 $228,070 $0 $0
2014 $5,308 $221,430 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $625,000 +131.5% $262 / Sq Ft
05/23/2014 05/23/14 Sold $270,000 -1.8% $123 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $275,000 -- $125 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $270,000 Nextitle
Bargain Sale Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 494199141

Regional Multiple Listing Service (RMLS)

APN: R328204