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Off market
  • Tax assessed value
    $431,150

    127 SE 148th Ave, Portland, OR 97233

    20beds
    3,331sqft
    MultiFamily
    Built in 1954
    -- sqft lot
    $-- Zestimate®
    $129/sqft
    $1,737 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,737/mo

    Zestimate® history
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    What's special

    Recently updated, significantly improved, fully leased 12 plex with tremendous upside. Major improvements include brand new parking lot, all units repainted, new stairs and decks, exterior lighting, new siding and more. Three of the units have been fully remodeled and four of the units are significantly below market rents. Located between Burnside and Stark on 148th with public transportation steps away. RUB your way to a 7 CAP.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 10
    • Full bathrooms: 10
    Heating
    • Baseboard
    Features
    • Basement: Unfinished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,331 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    • Details: Paved
    Features
    • Exterior features: Other
    • Has view: Yes
    • View description: City
    Lot
    • Size: 0.46 Acres
    • Features: Level
    Details
    • Parcel number: R109751
    • Zoning: RH

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1954
    • Major remodel year: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Water Available, Sewer Available, Trash Collection, Landscaping

    Community & neighborhood

    Location
    • Region: Portland

    Other

    Other facts
    • Sewer: Public Sewer
    • View: City Lights
    • WaterSource: Public
    • Heating: Baseboard
    • Basement: Finished, Full
    • Zoning: RH
    • HeatingYN: true
    • NumberOfUnitsTotal: 12
    • CurrentFinancing: Conventional, Cash
    • NumberOfUnitsInCommunity: 12
    • LotFeatures: Level
    • Utilities: Water Available, Sewer Available, Trash Collection, Landscaping
    • YearBuiltEffective: 1954
    • ParkingFeatures: Paved
    • ViewYN: Yes
    • OtherParking: Paved
    • CapRate: 5.61
    • GrossIncome: 143856
    • GrossScheduledIncome: 160690
    • OperatingExpense: 47153

    Price history

    DateEventPrice
    3/29/2019Sold$1,580,000-0.9%$474/sqft
    Source: RMLS (OR) #18608937 Report a problem
    2/8/2019Pending sale$1,595,000$479/sqft
    Source: Keller Williams Realty Portland Central #18608937 Report a problem
    2/4/2019Listed for sale$1,595,000$479/sqft
    Source: Keller Williams-PDX Central #18608937 Report a problem
    1/16/2019Pending sale$1,595,000$479/sqft
    Source: Keller Williams Realty Portland Central #18608937 Report a problem
    11/6/2018Listed for sale$1,595,000$479/sqft
    Source: Keller Williams Realty Portland Central #18608937 Report a problem
    10/24/2018Pending sale$1,595,000$479/sqft
    Source: Keller Williams Realty Portland Central #18608937 Report a problem
    10/12/2018Listed for sale$1,595,000+299.7%$479/sqft
    Source: Keller Williams-PDX Central #18608937 Report a problem
    8/12/2014Listing removed$399,000$120/sqft
    Source: Windermere Bridgeport Realty Group #14481971 Report a problem
    6/29/2014Price change$399,000-7%$120/sqft
    Source: Windermere Bridgeport Realty Group #14481971 Report a problem
    5/15/2014Listed for sale$429,000+17.5%$129/sqft
    Source: Windermere Bridgeport Realty Group #14481971 Report a problem
    12/11/2006Sold$365,000$110/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,328 -0.3%$351,680 +3%
    2024$7,348 -2%$341,440 +3%
    2023$7,495 +5.5%$331,500 +3%
    2022$7,106 +2.4%$321,850 +3%
    2021$6,940 +5.4%$312,480 +3%
    2020$6,584 +5.4%$303,380 +3%
    2019$6,249 $294,550 +3%
    2018$6,249 +9.8%$285,980 +6.1%
    2016$5,691 $269,580 +3%
    2015$5,691 +14%$261,730 +3%
    2014$4,992 +40.2%$254,110 +21.8%
    2013$3,560 -1.1%$208,630 -0.9%
    2012$3,599 -0.5%$210,600 -1.7%
    2011$3,617 -12.6%$214,190 -13.2%
    2010$4,139 -9.3%$246,710 +1%
    2009$4,565 -6.2%$244,330 +3%
    2008$4,865 +0.1%$237,220 +3%
    2007$4,859 +21.8%$230,320 +15.1%
    2006$3,990 +8.8%$200,070 +3%
    2005$3,667 +0.5%$194,250 +3%
    2004$3,649 +13.6%$188,600 +3%
    2003$3,214 +4.8%$183,110 +3%
    2002$3,066 -8.7%$177,780 +2.6%
    2000$3,360 +4%$173,260 +3%
    1999$3,232 $168,220

    Find assessor info on the county website

    Neighborhood: Hazelwood

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Glenfair
    • Middle: H.B. Lee
    • High: Reynolds

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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