Updated 4-plex offers a great investment opportunity in a central location on a large lot with rents totaling $5,490 a month ($65,880 a year). This tidy property is near shopping & bus line + minutes to 611-acre Powell Butte Nature Park & Lent's Park (Portland Pickles!). There are two separate buildings (like two duplexes), lots of off-street parking plus three units have attached garages—parking for up to 10 cars. Very unique and easy to rent. All four units have been updated in the last few years including new kitchen & bath cabinets, counters & flooring and the roof on the east building was new in 2017. Every unit has it’s own laundry area with washer & dryer hook-ups. One unit is ready for an owner-occupied buyer. Zoning is RM1 which could offer the possibility for additional units. Home Energy Score = 9. HES Report at https://us.greenbuildingregistry.com/green-homes/OR10251795
Active
Street View
$730,000
12344 SE Bush St, Portland, OR 97236
4beds
2,477sqft
Multi Family
Built in 1954
-- sqft lot
$-- Zestimate®
$295/sqft
$-- HOA
What's special
Large lotLots of off-street parking
- 27 days
- 119
- 2
Zillow last checked:
Listing updated:
Listed by:
Sally Mehalovich 503-781-7575,
RE/MAX Advantage Group,
Susan Maag 503-309-7327,
RE/MAX Advantage Group
Source: RMLS (OR),MLS#: 586866154
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Zoned
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Electric Water Heater, Tank Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 2,477
- Total interior livable area: 2,477 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: Driveway, Garage
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 0.25 Acres
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: R278188
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Shake Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $295/sqft
- Tax assessed value: $570,420
- Annual tax amount: $5,720
- Date on market: 9/16/2026
- Listing terms: Cash,Conventional
- Total actual rent: 5480
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Listed for sale | $730,000+52.1%$295/sqft |
Source:  RMLS (OR) #586866154 Report a problem | ||
| 1/11/2019 | Sold | $480,000-4%$194/sqft |
Source: RMLS (OR) #18258133 Report a problem | ||
| 11/13/2018 | Pending sale | $499,999$202/sqft |
Source: A2K Realty Inc #18258133 Report a problem | ||
| 9/21/2018 | Listed for sale | $499,999+100%$202/sqft |
Source: A2K Realty Inc #18258133 Report a problem | ||
| 4/9/2012 | Sold | $250,000$101/sqft |
Source: RMLS (OR) #11048020 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,721 +4.4% | $236,590 +3% |
| 2024 | $5,480 +4.5% | $229,700 +3% |
| 2023 | $5,242 +5.5% | $223,010 +3% |
| 2022 | $4,969 +1.7% | $216,520 +3% |
| 2021 | $4,887 +10.4% | $210,220 +3% |
| 2020 | $4,427 +3.3% | $204,100 +3% |
| 2019 | $4,286 | $198,160 +3% |
| 2018 | $4,286 +3.2% | $192,390 +3% |
| 2017 | $4,154 +6.6% | $186,790 +3% |
| 2016 | $3,896 | $181,350 +3% |
| 2015 | $3,896 +2.4% | $176,070 +3% |
| 2014 | $3,802 +4.8% | $170,950 +3% |
| 2013 | $3,628 +7.2% | $165,980 +3% |
| 2012 | $3,385 +3.5% | $161,150 +6.1% |
| 2010 | $3,272 +2.3% | $151,910 +3% |
| 2009 | $3,198 +3.5% | $147,490 +3% |
| 2008 | $3,089 +0.4% | $143,200 +3% |
| 2007 | $3,076 +4.9% | $139,030 +3% |
| 2006 | $2,933 +6.4% | $134,990 +6.1% |
| 2004 | $2,756 +1.7% | $127,250 +3% |
| 2003 | $2,711 -21.7% | $123,550 -26.8% |
| 2002 | $3,461 +11.1% | $168,890 +6.1% |
| 2000 | $3,116 | $159,210 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Powellhurst Gilbert
Nearby schools
Schools provided by the listing agent
- Elementary: Gilbert Hts
- Middle: Alice Ott
- High: David Douglas
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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