Fantastic opportunity to own a well maintained fourplex in a highly desirable Southeast Portland location near Hawthorne and Mt. Tabor. Whether you are looking for an investment property or the opportunity to live in one unit while collecting rental income from the others, this property offers flexibility, strong existing income, and long term potential.The building has been thoughtfully maintained with a newer roof (2021), new gutters (2024), fresh exterior paint completed September 2026, off street parking, and relatively low operating expenses. Unit 3 has been beautifully renovated with LVP flooring, an updated kitchen and living area, subway tile, new countertops, and appliances. Units 1, 2, and 4 retain much of their original character, are well maintained, and offer opportunities for future updates.Enjoy a walkable Southeast Portland location close to restaurants, cafés, shops, parks, and neighborhood favorites, with Mt. Tabor and Hawthorne nearby. A great opportunity to invest in a well cared for property with established rental income and future potential.
Active
$850,000
2121 SE 50th Ave, Portland, OR 97215
8beds
3,456sqft
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$246/sqft
$-- HOA
What's special
Subway tileUpdated kitchenOff street parkingLvp flooringNew countertops
- 13 days
- 218
- 17
Zillow last checked:
Listing updated:
Listed by:
Justine Syck 503-680-4205,
Move Real Estate Inc
Source: RMLS (OR),MLS#: 157877053
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater
Interior area
- Total structure area: 3,456
- Total interior livable area: 3,456 sqft
Property
Parking
- Parking features: Paved
Lot
- Size: 4,791 Square Feet
- Features: SqFt 3000 to 4999
Details
- Parcel number: R168924
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Board & Batten Siding, Brick
- Roof: Composition
Condition
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $822,570
- Annual tax amount: $10,452
- Date on market: 10/1/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4943
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $850,000$246/sqft |
Source:  RMLS (OR) #157877053 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,452 +3.7% | $387,910 +3% |
| 2024 | $10,077 +4% | $376,620 +3% |
| 2023 | $9,690 +2.2% | $365,660 +3% |
| 2022 | $9,480 +1.7% | $355,010 +3% |
| 2021 | $9,319 +9% | $344,670 +3% |
| 2020 | $8,549 +3.8% | $334,640 +3% |
| 2019 | $8,235 | $324,900 +3% |
| 2018 | $8,235 +3% | $315,440 +3% |
| 2017 | $7,993 +14% | $306,260 +3% |
| 2016 | $7,011 | $297,340 +3% |
| 2015 | $7,011 +2.7% | $288,680 +3% |
| 2014 | $6,826 +10% | $280,280 +3% |
| 2013 | $6,205 +4.4% | $272,120 +3% |
| 2012 | $5,941 +6.4% | $264,200 +3% |
| 2011 | $5,584 +2.9% | $256,510 +3% |
| 2010 | $5,424 +2.7% | $249,040 +3% |
| 2009 | $5,282 +6% | $241,790 +3% |
| 2008 | $4,985 +0.3% | $234,750 +3% |
| 2007 | $4,970 +11.4% | $227,920 +3% |
| 2006 | $4,463 +4.7% | $221,290 +3% |
| 2005 | $4,263 -5.6% | $214,850 +3% |
| 2004 | $4,515 +6.9% | $208,600 +3% |
| 2003 | $4,226 +1.3% | $202,530 +3% |
| 2002 | $4,170 +12.4% | $196,640 +6.1% |
| 2000 | $3,710 +2.7% | $185,360 +3% |
| 1999 | $3,611 | $179,970 |
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: Richmond
Nearby schools
Schools provided by the listing agent
- Elementary: Glencoe
- Middle: Mt Tabor
- High: Franklin
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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