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  • $677,000

    13412 SE Stark St, Portland, OR 97233

    8beds
    3,172sqft
    Multi Family
    Built in 2006
    -- sqft lot
    $-- Zestimate®
    $213/sqft
    $2,394 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,394/mo

    Zestimate® history
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    What's special

    Presenting a premier multi-family investment opportunity in SE Portland that perfectly balances sophistication and potential, with a cap rate above 5%. This expansive triplex features 8 bedrooms and 6 bathrooms across 3,172 sq ft of living space. Each unit is equipped with modern amenities, providing the comfort and convenience tenants seek, ensuring high satisfaction, and keeping vacancy rates remarkably low. Recent updates throughout the property have reduced maintenance needs, allowing you to enjoy the benefits of a reliable and consistent cash flow with minimal oversight. The inclusion of an 8-car parking lot further enhances the property's appeal, offering convenience that residents will appreciate.What truly sets this property apart is its zoning, which allows for the construction of additional housing units. This opens the door to significant income growth, making this investment even more enticing. The potential to expand and increase revenue is a rare opportunity in today’s market.Located just minutes from a vibrant array of dining options, bars, and entertainment venues, this property is in a prime location that tenants will love. It’s also ideally situated on a bus line, with easy freeway access, and only 15 minutes from downtown Portland. Nearby hospitals and major employment centers add to its desirability, ensuring strong and steady tenant demand.Investors will quickly recognize the exceptional value this property offers. However, we advise all buyers to conduct their own due diligence regarding zoning to fully capitalize on the available opportunities. With a strong rental income already in place, room for growth, and a cap rate above 5%, this property is a standout choice for investors seeking both stability and potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tony Apa 503-806-9773,

    ELEETE Real Estate,

    Courtney Clarke 503-349-6557,

    ELEETE Real Estate

    Bought with:

    Johnny Choi Sang Wong, 200503345

    MORE Realty

    Source: RMLS (OR),MLS#: 24152671MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    • Full bathrooms: 3
    • Partial bathrooms: 3
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 3,172
    • Total interior livable area: 3,172 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Driveway, Paved
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    Lot
    • Size: 0.29 Acres
    • Features: Level, On Busline, Private, SqFt 10000 to 14999
    Details
    • Parcel number: R283940
    • Zoning: R3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Lap Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Existing
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & neighborhood

    Security
    • Security features: Unknown
    Community
    • Community features: Close to parks and Highschool
    Location
    • Region: Portland
    • Subdivision: David Douglas

    HOA & financial

    Other financial information
    • Total actual rent: 4785

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Road surface type: Concrete, Paved

    Price history

    DateEventPrice
    10/11/2024Sold$677,000-9.7%$213/sqft
    Source: RMLS (OR) #24152671 Report a problem
    9/10/2024Pending sale$749,500+23.3%$236/sqft
    Source: RMLS (OR) #24152671 Report a problem
    8/15/2023Sold$608,000+10.7%$192/sqft
    Source: Public Record Report a problem
    4/12/2017Sold$549,000$173/sqft
    Source: RMLS (OR) #16024453 Report a problem
    2/22/2017Pending sale$549,000$173/sqft
    Source: Oregon Realty Co. #16024453 Report a problem
    2/16/2017Price change$549,000-2.8%$173/sqft
    Source: Oregon Realty Co. #16024453 Report a problem
    1/25/2017Listed for sale$565,000$178/sqft
    Source: Oregon Realty Co. #16024453 Report a problem
    1/21/2017Pending sale$565,000$178/sqft
    Source: Oregon Realty Co. #16024453 Report a problem
    12/31/2016Listed for sale$565,000+82.3%$178/sqft
    Source: Oregon Realty Co. #16024453 Report a problem
    12/9/2013Sold$310,000+3.4%$98/sqft
    Source: RMLS (OR) #13273550 Report a problem
    11/4/2013Pending sale$299,900$95/sqft
    Source: Keller Williams Realty Professionals #13273550 Report a problem
    10/18/2013Listed for sale$299,900$95/sqft
    Source: Keller Williams Realty Professionals #13273550 Report a problem
    8/13/2013Pending sale$299,900$95/sqft
    Source: Keller Williams Realty Professionals #13273550 Report a problem
    8/7/2013Listed for sale$299,900$95/sqft
    Source: Keller Williams Realty Professionals #13273550 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,086 +4.4%$375,740 +3%
    2024$8,703 +4.5%$364,800 +3%
    2023$8,325 +5.5%$354,180 +3%
    2022$7,891 +1.7%$343,870 +3%
    2021$7,761 +10.4%$333,860 +3%
    2020$7,031 +3.3%$324,140 +3%
    2019$6,807 $314,700 +3%
    2018$6,807 +3.2%$305,540 +3%
    2017$6,598 +6.6%$296,650 +3%
    2016$6,187 $288,010 +3%
    2015$6,187 +9.7%$279,630 +3%
    2014$5,639 +6.5%$271,490 +3%
    2013$5,293 -3.5%$263,590 +3%
    2012$5,484 +3.6%$255,920 +3%
    2011$5,295 +1.9%$248,470 +3%
    2010$5,196 +2.3%$241,240 +3%
    2009$5,079 +3.5%$234,220 +3%
    2008$4,905 +0.4%$227,400 +3%
    2007$4,884 +4.9%$220,780 +3%
    2006$4,657 +114.4%$214,350 +113.2%
    2005$2,173 +2.8%$100,520 +3%
    2004$2,114 +1.7%$97,600 +3%
    2003$2,079 +9%$94,760 +3%
    2002$1,908 +12.4%$92,000 +6.1%
    2000$1,698 +4.1%$86,730 +3%
    1999$1,630 $84,210

    Find assessor info on the county website

    Neighborhood: Hazelwood

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Menlo Park
    • Middle: Floyd Light
    • 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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