This property includes two single family homes (8821 and 8827 SE Rhone Street)and is being offered as part of a 13-property, 43-unit residential portfolio that is 98% leased. The portfolio is being sold via Sealed Bid Auction on June 3, 2026. These two small homes are located on a 18,445± Sq. Ft. tax lot and share an access drive. Both homes are in fair condition and provide opportunity to redevelop the entire parcel with up to 8 units, based on zoning.Home at 8821 SE Rhone is 2 bedroom 1 bath. Home at 8827 is 3 bedroom 1 bath. Both tenants have been leasing for 4 years. Projected gross 2026 income is $34,620. Real estate taxes are $4,916. Landlord pays for trash. Bids due June 3, 2026.
Pending
Price Unknown
8821 SE Rhone St, Portland, OR 97266
5beds
1,362sqft
Multi Family
Built in 1942
-- sqft lot
$427,300 Zestimate®
$--/sqft
$-- HOA
What's special
Share an access drive
- 44 days |
- 36 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
John Rosenthal 800-845-3524,
Realty Marketing / Northwest
Source: RMLS (OR),MLS#: 222148169
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Electric Water Heater
Interior area
- Total structure area: 1,362
- Total interior livable area: 1,362 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.42 Acres
- Features: Level, SqFt 15000 to 19999
Details
- Parcel number: R249252
- Zoning: RM1
- Special conditions: Auction
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Unknown
- 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
- Annual tax amount: $4,916
- Date on market: 5/11/2026
- Cumulative days on market: 44 days
- Listing terms: Cash,Owner Will Carry
- Total actual rent: 2885
- Road surface type: Gravel
Colleen Cowan
(503) 224-1906
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Estimated market value
$427,300
$372,000 - $487,000
$2,093/mo
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Lents
Nearby schools
GreatSchools rating
- 8/10Lent Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Harrison Park SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Leodis V. McDaniel High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Clark
- Middle: Harrison Park
- High: Leodis Mcdaniel
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Oregon
- Multnomah County
- Portland
- 97266
- Lents
- 8821 SE Rhone St
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Nearby neighborhoods
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