Sold

$555,000

8818 SE Rhone St, Portland, OR 97266

6beds

1,875sqft

Multi Family

Built in 1942

-- sqft lot

$-- Zestimate^®

$296/sqft

$2,047 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,047/mo

Zestimate^® history

Owner options

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$3,467/mo

Est. payment

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$3,467/mo

Est. payment

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What's special

These three home are being offered together as part of a 13-property, 43-unit residential portfolio that is 98% leased. Primarily located in Southeast and Northeast Portland, the portfolio is being sold via Sealed Bid Auction on June 3, 2026.All three homes and the vacant land are on a 27,352± Sq. Ft. tax lot. RM1 zoning could allow a duplex on the undeveloped portion of the property so new owner could expand rental income to five units. The small home has been renovated and is currently being used as an office by the Seller. Projected 2026 gross income is $34,860 and could be increased by $1,000± a month with leasing of home currently used as office. Real estate taxes are $8,388. Landlord is responsible for trash.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

Forced Air

Interior area

Total structure area: 1,875
Total interior livable area: 1,875 sqft

Property

Parking

Parking features: Carport, Driveway
Has carport: Yes
Has uncovered spaces: Yes

Features

Has view: Yes
View description: Territorial

Lot

Size: 0.63 Acres
Features: Level, SqFt 20000 to Acres1

Details

Parcel number: R249259
Zoning: RM1
Special conditions: Auction

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cement Siding, Lap Siding
Roof: Composition

Condition

Existing
Year built: 1942

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Lents

HOA

Has HOA: No

Location

Region: Portland

Financial & listing details

Price per square foot: $296/sqft
Tax assessed value: $563,500
Annual tax amount: $8,388
Date on market: 4/21/2026
Cumulative days on market: 72 days
Listing terms: Cash,Contract
Total actual rent: 2905

Price history

Date	Event	Price
8/7/2026	Sold	$555,000$296/sqft
Source: RMLS (OR) #562739450 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,388 +3.7%	$311,320 +3%
2024	$8,087 +4%	$302,260 +3%
2023	$7,776 +2.2%	$293,460 +3%
2022	$7,608 +1.7%	$284,920 +3%
2021	$7,479 +9%	$276,630 +3%
2020	$6,861 +3.8%	$268,580 +3%
2019	$6,609	$260,760 +3%
2018	$6,609 +3%	$253,170 +3%
2017	$6,415 +18.1%	$245,800 +3%
2016	$5,430	$238,650 +3%
2015	$5,430 +4.9%	$231,700 +3%
2014	$5,178 +50.7%	$224,960 +11%
2013	$3,436 +10.7%	$202,750 +4.2%
2012	$3,104 -20.7%	$194,560 -5.5%
2009	$3,914 -7.8%	$205,880 +3%
2008	$4,245 +0.3%	$199,890 +3%
2007	$4,232 +11.4%	$194,070 +3%
2006	$3,800 +4.7%	$188,420 +3%
2005	$3,630 -8.2%	$182,940 +3%
2004	$3,954 +2.3%	$177,620 +3%
2003	$3,866 +16.9%	$172,450 +9.3%
2000	$3,307	$157,830