*Don't Walk the Property* Cap rate is 6.2% with current rental income. 5-10 additional units can be added! Recent remodeling includes all new water and sewer line, new tankless water heaters, new electrical panels. Exceptional investment and development opportunity in the heart of Cedar Mill! This remodeled duplex features two spacious 3-bedroom, 1-bath units, offering strong rental appeal in a highly desirable location. A detached shop provides additional income and yard care, currently leased for $600/month. Situated on a generous, multi-family zoned lot, the property offers significant upside with the potential to add approximately 5-10 additional units while retaining the existing improvements. Estimated 9–12 unit project is achievable while keeping the existing structure. (buyer to complete all due diligence with Washington County). Minutes to Nike, Intel, downtown Portland, shopping, restaurants, parks, and public transit, this is a rare opportunity to own a cash-flowing asset with outstanding future development potential.
Active
$799,000
13414 NW Sherry St, Portland, OR 97229
6beds
2,485sqft
Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$322/sqft
$-- HOA
What's special
Detached shopRemodeled duplexGenerous multi-family zoned lot
- 27 days |
- 471 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Rachelle Kammann 503-314-9230,
Kevin Morris Realty
Source: RMLS (OR),MLS#: 741838046
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: Dishwasher, Electric Water Heater
Interior area
- Total structure area: 2,485
- Total interior livable area: 2,485 sqft
Property
Parking
- Parking features: Driveway, Garage
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 0.34 Acres
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: R636093
- Zoning: R24-40
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Lap Siding
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $322/sqft
- Tax assessed value: $643,650
- Annual tax amount: $5,077
- Date on market: 7/22/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4280
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $799,000+66.5%$322/sqft |
Source:  RMLS (OR) #741838046 Report a problem | ||
| 6/2/2026 | Listing removed | $2,090$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/6/2026 | Price change | $2,090-4.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/21/2025 | Price change | $2,190-4.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/13/2025 | Listed for rent | $2,290$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/4/2025 | Listing removed | $2,290$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/18/2025 | Price change | $2,290+4.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/4/2024 | Listed for rent | $2,190$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2024 | Listing removed | $2,190$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/26/2024 | Price change | $2,190-4.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/18/2024 | Price change | $2,290+4.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/16/2024 | Listed for rent | $2,190$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/28/2019 | Listing removed | $480,000$193/sqft |
Source: Kevin Morris Realty #17676275 Report a problem | ||
| 4/3/2018 | Price change | $480,000+2.3%$193/sqft |
Source: Kevin Morris Realty #17676275 Report a problem | ||
| 12/7/2017 | Listed for sale | $469,000+40%$189/sqft |
Source: Kevin Morris Realty #17676275 Report a problem | ||
| 9/9/2016 | Sold | $335,000-4.3%$135/sqft |
Source: RMLS (OR) #16287987 Report a problem | ||
| 7/8/2016 | Pending sale | $350,000$141/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 7/2/2016 | Price change | $350,000-7.4%$141/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 6/29/2016 | Listed for sale | $378,000$152/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 6/20/2016 | Pending sale | $378,000$152/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 6/16/2016 | Price change | $378,000-13.7%$152/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 6/10/2016 | Listed for sale | $438,000$176/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 5/15/2016 | Pending sale | $438,000$176/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 5/7/2016 | Price change | $438,000-12.4%$176/sqft |
Source: Premiere Property Group, LLC #16491478 Report a problem | ||
| 4/1/2016 | Listed for sale | $500,000$201/sqft |
Source: Premiere Property Group, LLC #16016731 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,077 +4.4% | $268,670 +3% |
| 2024 | $4,866 +6.5% | $260,850 +3% |
| 2023 | $4,569 +3.3% | $253,260 +3% |
| 2022 | $4,421 +3.7% | $245,890 |
| 2021 | $4,262 +3.1% | -- |
| 2020 | $4,133 +3.4% | $231,780 +3% |
| 2019 | $3,998 +3.4% | $225,030 |
| 2018 | $3,868 | $225,030 +6.1% |
| 2017 | $3,868 +13.8% | $212,120 +8.9% |
| 2016 | $3,400 | $194,740 +3% |
| 2015 | $3,400 +4% | $189,070 +3% |
| 2014 | $3,269 +3.9% | $183,570 +3% |
| 2013 | $3,144 +12.5% | $178,230 +3% |
| 2012 | $2,796 +2.8% | $173,040 -35.5% |
| 2011 | $2,720 +2.6% | $268,420 -6.2% |
| 2010 | $2,652 +2.1% | $286,070 -4.8% |
| 2009 | $2,597 +8.4% | $300,620 -7.1% |
| 2008 | $2,396 +2.5% | $323,490 +25.1% |
| 2007 | $2,337 +11.6% | $258,600 +12.7% |
| 2006 | $2,094 -10.3% | $229,530 +9.7% |
| 2005 | $2,334 +11.5% | $209,280 +7.5% |
| 2004 | $2,094 -6.5% | $194,650 +3.1% |
| 2003 | $2,240 +13.6% | $188,800 +4.3% |
| 2002 | $1,971 +2.9% | $180,960 +5.5% |
| 2001 | $1,915 +10.4% | $171,590 +1.2% |
| 2000 | $1,734 | $169,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Cedar Mill
Nearby schools
GreatSchools rating
- 9/10Terra Linda Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Tumwater Middle SchoolGrades: 6-8Distance: 0.8 mi
- 9/10Sunset High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Bonny Slope
- Middle: Cedar Park
- High: Sunset
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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