Off market

Tax assessed value

$649,190

8423 NE Russell St, Portland, OR 97220

6beds

5baths

2,904sqft

MultiFamily

Built in 2000

-- sqft lot

$-- Zestimate^®

$224/sqft

$3,660 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,660/mo

Zestimate^® history

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$3,968/mo

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$3,968/mo

Est. payment

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What's special

Well maintained triplex in Madison Place Townhomes complex with onsite management. Great rental history. Each unit includes garage. A 4th garage is leased separately and tenants reimburse for utilities. 8431 NE Russell also for sale.HOA fee of $409.66 monthly includes full service onsite management that handles all leasing, turnover, marketing, landscaping, water/sewer & trash. Interior photos from similar unit. Sq ft of units estimated.

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: 6
Bathrooms: 5

Heating

Forced air, Electric

Cooling

None

Appliances

Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer

Features

Basement: Crawl Space
Has fireplace: Yes

Interior area

Total interior livable area: 2,904 sqft

Property

Parking

Parking features: Garage - Attached

Features

Exterior features: Vinyl

Lot

Size: 5,400 sqft

Details

Parcel number: R211202
Zoning: RM2

Construction

Type & style

Home type: MultiFamily

Materials

Roof: Composition

Condition

Year built: 2000

Utilities & green energy

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

Community & neighborhood

Security

Security features: Sidewalk

Location

Region: Portland

HOA & financial

Other financial information

Total actual rent: 4120

Other

Other facts

Sewer: Public Sewer
WaterSource: Public
RoadSurfaceType: Paved
Appliances: Dishwasher, Refrigerator, Washer/Dryer, Electric Water Heater, Range
GarageYN: true
HeatingYN: true
Utilities: Electricity Connected
Heating: Zoned
NumberOfUnitsTotal: 3
ConstructionMaterials: Vinyl Siding
Roof: Composition
Basement: Crawl Space
FarmLandAreaUnits: Square Feet
ParkingFeatures: Storage, Assigned, Garage
RentIncludes: Water, Sewer, Trash Collection
Zoning: RM2
CapRate: 4.98
OperatingExpense: 21715
TotalActualRent: 4120
MlsStatus: Active
SecurityFeatures: Sidewalk
GrossIncome: 51321
GrossScheduledIncome: 52348
NetOperatingIncome: 29606
Road surface type: Paved

Price history

Date	Event	Price
3/30/2020	Listing removed	$595,000$205/sqft
Source: Premiere Property Group, LLC #20533126 Report a problem
3/14/2020	Listed for sale	$595,000+42.2%$205/sqft
Source: Premiere Property Group, LLC #20533126 Report a problem
9/8/2015	Sold	$418,375-1.3%$144/sqft
Source: Public Record Report a problem
2/19/2015	Listing removed	$424,000$146/sqft
Source: RE/MAX EQUITY GROUP-WEST HILLS OFFICE #14385155 Report a problem
11/29/2014	Listed for sale	$424,000+3.9%$146/sqft
Source: RE/MAX EQUITY GROUP-WEST HILLS OFFICE #14385155 Report a problem
9/29/2006	Sold	$408,000+29.5%$140/sqft
Source: Public Record Report a problem
7/15/2004	Sold	$315,000+478%$108/sqft
Source: Public Record Report a problem
4/1/1999	Sold	$54,500$19/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,368 +3.7%	$384,800 +3%
2024	$9,996 +4%	$373,600 +3%
2023	$9,612 +2.2%	$362,720 +3%
2022	$9,404 +1.7%	$352,160 +3%
2021	$9,244 +9%	$341,910 +3%
2020	$8,481 +3.8%	$331,960 +3%
2019	$8,169	$322,300 +3%
2018	$8,169 +3%	$312,920 +3%
2017	$7,929 +14%	$303,810 +3%
2016	$6,955	$294,970 +3%
2015	$6,955 +19.4%	$286,380 +3%
2014	$5,823 +19.7%	$278,040 +3%
2013	$4,865 +18%	$269,950 +4.5%
2012	$4,123 +2.1%	$258,410 +1.8%
2011	$4,037 -18%	$253,930 -3.1%
2010	$4,923 -6.9%	$262,090 +3%
2009	$5,287 +0.8%	$254,460 +3%
2008	$5,246 +0.3%	$247,050 +3%
2007	$5,230 +11.4%	$239,860 +3%
2006	$4,697 +4.7%	$232,880 +3%
2005	$4,486 -8.2%	$226,100 +3%
2004	$4,886 +2.3%	$219,520 +3%
2003	$4,778 +8.9%	$213,130 +3%
2002	$4,388 +7.4%	$206,930 +6.1%
2000	$4,087	$195,060