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  • $850,000

    2431 SE 141st Ave, Portland, OR 97233

    9beds
    4,516sqft
    Multi Family
    Built in 1998
    -- sqft lot
    $-- Zestimate®
    $188/sqft
    $1,855 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,855/mo

    Zestimate® history
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    What's special

    Functional layoutsPrivate outdoor patio spacesAbundant natural lightSpacious floor plans
    Excellent Investment Opportunity – Well-Maintained Custom-Built 4-PlexWhether you're looking to expand your investment portfolio or purchase your first income-producing property, this custom-built 4-plex offers a rare opportunity. Live in one unit while generating rental income from the others, or lease all four units for maximum cash flow. Meticulously maintained throughout, the property features spacious floor plans with abundant natural light, functional layouts, and private outdoor patio spaces. Each unit is separately metered for electricity, simplifying utility management. Unit Details: Unit #1: 672 sf one-bedroom apartment is located above the three-car garage on the east side of the property. Maintenance in 2022 includes fresh paint, new carpet, appliances replaced as needed Unit #2: 2,275 sf townhouse featuring a private enclosed patio, a main-level half bath, and three bedrooms with one full and one-half bath upstairs. Currently vacant and available for showings. Maintenance in 2024 included Fresh interior paint, new carpet, new vinyl kitchen floorUnit #3: 1,074 sf townhouse with a private enclosed patio, two bedrooms, and one and one-half bathrooms. Maintenance in 2023 included new refrigerator, 2025 included new carpet and fresh paint. Unit #4: 1,660 sf ground-level unit built to 1998 ADA standards, offering a private enclosed patio, three bedrooms, and two bathrooms. Maintenance in 2025 included new dishwasher and refrigerator. All tenants are currently on month-to-month leases, providing flexibility for the next owner. Interior inspections of three occupied units will be available upon an accepted offer.This is an outstanding opportunity for investors seeking dependable rental income with future upside potential. Located near convenient public transportation, the property offers strong tenant appeal in a desirable location. Please do not walk the property or disturb the tenants. Unit #2 is vacant and ready to show by SA attended appointment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Dan McGraw 503-805-3821,

    John L. Scott Portland Metro

    Bought with:

    Vladimir Romano, 201245774

    Premiere Property Group, LLC

    Source: RMLS (OR),MLS#: 680828430MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    • Full bathrooms: 6
    • Partial bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Gas Water Heater
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 4,516
    • Total interior livable area: 4,516 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, Garage
    • Garage spaces: 3
    Lot
    • Size: 9,583 Square Feet
    • Dimensions: 50' x 187'
    • Features: Level, SqFt 7000 to 9999
    Details
    • Parcel number: R236416
    • Zoning: Mul

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Year built: 1998

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Security Lights
    • Subdivision: Hazelwood
    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $188/sqft
    • Tax assessed value: $749,020
    • Annual tax amount: $11,590
    • Date on market: 3/31/2026
    • Cumulative days on market: 106 days
    • Listing terms: Cash,Conventional,FHA
    • Total actual rent: 7010
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/14/2026Sold$850,000$188/sqft
    Source: RMLS (OR) #680828430 Report a problem
    7/16/2026Pending sale$850,000$188/sqft
    Source: RMLS (OR) #680828430 Report a problem
    6/30/2026Price change$850,000-2.9%$188/sqft
    Source: RMLS (OR) #680828430 Report a problem
    4/1/2026Listed for sale$875,000$194/sqft
    Source: RMLS (OR) #680828430 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,590 +4.4%$479,320 +3%
    2024$11,102 +8.8%$465,360 +3%
    2023$10,205 +1.4%$451,810 +3%
    2022$10,066 +1.7%$438,660 +3%
    2021$9,901 +11%$425,890 +3%
    2020$8,916 +2.7%$413,490 +3%
    2019$8,683 $401,450 +3%
    2018$8,683 +4.5%$389,760 +3%
    2017$8,310 +21.7%$378,410 +3%
    2016$6,826 $367,390 +5.6%
    2015$6,826 +15.4%$347,840 +5.7%
    2014$5,915 +31.7%$329,200 +24.9%
    2013$4,490 +7.4%$263,670 +8.2%
    2012$4,182 +6.3%$243,680 +6.5%
    2011$3,934 -12.3%$228,830 -11.8%
    2010$4,484 -19.3%$259,410 -18.6%
    2009$5,558 -19.8%$318,870 -10.6%
    2008$6,930 -4.5%$356,690 +3%
    2007$7,259 +6.1%$346,310 +3%
    2006$6,843 +12.8%$336,230 +3%
    2005$6,064 +3.7%$326,440 +3%
    2004$5,845 +7.2%$316,940 +3%
    2003$5,450 -9.3%$307,710 +3%
    2002$6,011 +9.1%$298,750 +6.1%
    2000$5,512 +4.1%$281,610 +3%
    1999$5,294 $273,410
    Find assessor info on the county website

    Neighborhood: Hazelwood

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lincoln Park
    • Middle: Ron Russell
    • 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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