Excellent, well-maintained four-plex within a short walk to OHSU. Tucked away on a quiet, no-through street, this attractive property offers a peaceful residential setting with strong appeal to both owner-occupants and investors. One unit is currently vacant, creating the perfect opportunity for a buyer to move in immediately and offset their mortgage with rental income from the other three units. For investors, the property benefits from strong rents and a reliable tenant pool of medical professionals and staff who value close proximity to OHSU. The building is in good condition and features assigned off-street parking for each unit, east-facing views, and a private deck ideal for enjoying morning coffee or relaxing outdoors. Whether you're looking to build wealth by living in one unit while your tenants help pay the mortgage, or seeking a stable investment in one of Portland's most consistently desirable rental locations, this four-plex is an outstanding opportunity.
Active
Price cut: $15K (8/21)
$934,900
3216 SW 11th Ave, Portland, OR 97239
6beds
3,330sqft
Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$281/sqft
$-- HOA
What's special
East-facing viewsPeaceful residential settingQuiet no-through street
- 105 days
- 208
- 14
Zillow last checked:
Listing updated:
Listed by:
Jeff Stephens 503-869-7303,
MORE Realty
Source: RMLS (OR),MLS#: 670746688
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Flooring: Wood
- Basement: Partial
Interior area
- Total structure area: 3,330
- Total interior livable area: 3,330 sqft
Property
Parking
- Total spaces: 5
- Parking features: Assigned
Features
- Stories: 3
- Patio & porch: Deck
- Has view: Yes
- View description: City, Territorial
Lot
- Size: 5,227 Square Feet
- Features: SqFt 5000 to 6999
Details
- Parcel number: R247301
- Zoning: RM3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry
- Subdivision: Homestead/Marquam Hill
Location
- Region: Portland
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $1,012,030
- Annual tax amount: $13,580
- Date on market: 6/18/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4560
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $934,900-1.6%$281/sqft |
Source:  RMLS (OR) #670746688 Report a problem | ||
| 6/18/2026 | Listed for sale | $949,900+41.8%$285/sqft |
Source: RMLS (OR) #670746688 Report a problem | ||
| 2/15/2005 | Sold | $670,000$201/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,581 +3.7% | $504,490 +3% |
| 2024 | $13,093 +4% | $489,800 +3% |
| 2023 | $12,589 +2.2% | $475,540 +3% |
| 2022 | $12,317 +1.7% | $461,690 +3% |
| 2021 | $12,108 +9% | $448,250 +3% |
| 2020 | $11,107 +3.8% | $435,200 +3% |
| 2019 | $10,699 | $422,530 +3% |
| 2018 | $10,699 +3% | $410,230 +3% |
| 2017 | $10,384 +14% | $398,290 +3% |
| 2016 | $9,108 | $386,690 +3% |
| 2015 | $9,108 +2.7% | $375,430 +3% |
| 2014 | $8,869 +14.1% | $364,500 +3% |
| 2013 | $7,770 +5.3% | $353,890 +3% |
| 2012 | $7,380 -0.6% | $343,590 +3% |
| 2011 | $7,426 +5.5% | $333,590 +3% |
| 2010 | $7,037 +2.7% | $323,880 +3% |
| 2009 | $6,851 +5.9% | $314,450 +3% |
| 2008 | $6,467 +0.2% | $305,300 +3% |
| 2007 | $6,454 +11.4% | $296,410 +3% |
| 2006 | $5,795 +4.7% | $287,780 +3% |
| 2005 | $5,532 -5.5% | $279,400 +3% |
| 2004 | $5,851 +1.3% | $271,270 +3% |
| 2003 | $5,774 +6.5% | $263,370 +3% |
| 2002 | $5,422 +8.8% | $255,700 +6.1% |
| 2000 | $4,983 | $241,030 |
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: Homestead
Nearby schools
Schools provided by the listing agent
- Elementary: Ainsworth
- Middle: West Sylvan
- High: Lincoln
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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