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Off market
  • $732,200

    5651 SE 123rd Ave, Portland, OR 97236

    4beds
    2baths
    2,200sqft
    MultiFamily
    Built in 1953
    -- sqft lot
    $732,200 Zestimate®
    $333/sqft
    $2,428 Estimated rent

    Home value

    $732,200

    $674,000 - $798,000

    $2,428/mo

    Zestimate® history
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    Owner options

    List your home for rent

    $2,428/mo

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    $2,428/mo

    Rent Zestimate®

    Refinance and save

    $4,475/mo

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    $4,475/mo

    Est. payment

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    What's special

    Fantastic opportunity to own a cash flowing 4-plex in SE Portland that has been completely remodeled from the ground up. Complete fire restoration from the ground up includes new plumbing, electrical, drywall, laminate flooring, roof, siding, driveway, appliances, windows, garden beds, etc. You're essentially owning a brand new 4plex! Framed to have the potential to build a second story to add more BR's and BA's to increase cashflow further. Buyer to do due diligence.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Electric
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Range / Oven, Refrigerator
    Features
    • Windows: Window Coverings
    • Basement: Crawl Space
    Interior area
    • Total interior livable area: 2,200 sqft

    Property

    Accessibility
    • Accessibility features: Handicap Access
    Features
    • Exterior features: Cement / Concrete
    Details
    • Zoning: R1

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Updated/Remodeled
    • Year built: 1953

    Utilities & green energy

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

    Community & neighborhood

    Security
    • Security features: Fire Sprinkler System
    Location
    • Region: Portland

    HOA & financial

    Other financial information
    • Total actual rent: 2350

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • FoundationDetails: Concrete Perimeter
    • RoadSurfaceType: Paved, Gravel
    • Zoning: R1
    • Appliances: Dishwasher, Refrigerator, Electric Water Heater, Range
    • Roof: Shingle
    • HeatingYN: true
    • Utilities: Electricity Connected
    • Heating: Zoned
    • NumberOfUnitsTotal: 4
    • LeaseTerm: Month To Month
    • Basement: Crawl Space
    • ConstructionMaterials: Cement Siding
    • FarmLandAreaUnits: Square Feet
    • WindowFeatures: Window Coverings
    • PropertyCondition: Updated/Remodeled
    • AccessibilityFeatures: Handicap Access
    • SecurityFeatures: Fire Sprinkler System
    • ParkingFeatures: Paved
    • RentIncludes: Trash Collection
    • TotalActualRent: 2350
    • GrossScheduledIncome: 60000
    • CapRate: 4.17
    • MlsStatus: Pending
    • GrossIncome: 50296
    • NetOperatingIncome: 30207
    • OperatingExpense: 20089
    • TaxAnnualAmount: 5205.64
    • Road surface type: Paved, Gravel

    Price history

    DateEventPrice
    5/7/2024Listing removed--
    Source: Zillow Rentals Report a problem
    4/15/2024Price change$1,300-3.7%$1/sqft
    Source: Zillow Rentals Report a problem
    4/12/2024Listed for rent$1,350$1/sqft
    Source: Zillow Rentals Report a problem
    12/18/2020Sold$685,000-2%$311/sqft
    Source: RMLS (OR) #20018257 Report a problem
    10/31/2020Pending sale$699,000$318/sqft
    Source: 24/7 Properties #20018257 Report a problem
    9/22/2020Price change$699,000-3.6%$318/sqft
    Source: 24/7 Properties #20018257 Report a problem
    8/19/2020Price change$725,000-3.3%$330/sqft
    Source: 24/7 Properties #20018257 Report a problem
    8/7/2020Price change$750,000-3.2%$341/sqft
    Source: 24/7 Properties #20018257 Report a problem
    7/22/2020Listed for sale$775,000+212.5%$352/sqft
    Source: 24/7 Properties #20018257 Report a problem
    4/25/2012Sold$248,000$113/sqft
    Source: RMLS (OR) #11211834 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Powellhurst Gilbert

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gilbert Park
    • Middle: Alice Ott
    • High: David Douglas

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $732,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $732,200