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Sold
  • $670,000

    8924 SE Ellis St, Portland, OR 97266

    12beds
    5,148sqft
    Multi Family
    Built in 1973
    -- sqft lot
    $666,900 Zestimate®
    $130/sqft
    $2,005 Estimated rent

    Home value

    $666,900

    $634,000 - $707,000

    $2,005/mo

    Zestimate® history
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    What's special

    Well-maintained unitsAmple off-street parkingPrivate patios
    CONTRACT TERMS! 5% INTEREST, 30% DOWN, 30 YEAR AMORTIZATION WITH A 5 YEAR BALLOON. Exceptional investment opportunity featuring six well-maintained units configured as three duplexes on a single tax lot. This property offers an attractive combination of stable cash flow, future upside, and favorable seller financing. Each unit features sought-after amenities including washer/dryer hookups, fireplaces, and private patios, providing comfort and convenience that appeal to long-term tenants. The property also offers ample off-street parking, a valuable amenity in today's rental market. Close to MAX Light Rail, buslines and shopping. Located in the vibrant Lents neighborhood, "an up-and-coming area & one of the new hotspots in Portland" according to PortlandNeighborhood.com. Lents is widely recognized for its ongoing growth, revitalization, and increasing popularity, this property is well-positioned to benefit from continued demand. With potential for rent increases, investors have the opportunity to enhance returns over time. Adding to the appeal, the Seller is willing to offer contract terms with below-market interest rates, creating an outstanding financing opportunity that can improve cash flow and reduce borrowing costs compared to conventional financing. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is a rare chance to acquire a quality multifamily asset with strong income potential, attractive financing, and long-term upside.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marc Rogers 503-703-0964,

    Township Properties Real Estate LLC,

    Kathy Rogers 503-704-9173,

    Township Properties Real Estate LLC

    Bought with:

    Tony Ngo, 200604339

    Real Estate Performance Group

    Source: RMLS (OR),MLS#: 593286951MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Baseboard, Fireplace(s)
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Washer/Dryer, Electric Water Heater
    • Laundry: Washer Dryer Hookup
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 5,148
    • Total interior livable area: 5,148 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Off Street, Paved
    Features
    • Stories: 1
    Lot
    • Size: 0.35 Acres
    • Dimensions: 137.5 x 110.6
    • Features: Level, SqFt 15000 to 19999
    Details
    • Parcel number: R115550
    • Zoning: R1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Panel, T111 Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Existing
    • Year built: 1973

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: All Landscaping
    • Subdivision: Lents
    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $130/sqft
    • Annual tax amount: $14,396
    • Date on market: 7/22/2026
    • Cumulative days on market: 3 days
    • Listing terms: Cash,Contract,Conventional,Owner Will Carry
    • Total actual rent: 6510
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/28/2026Sold$670,000-3.6%$130/sqft
    Source: RMLS (OR) #593286951 Report a problem
    7/25/2026Pending sale$695,000$135/sqft
    Source: RMLS (OR) #593286951 Report a problem
    7/22/2026Listed for sale$695,000$135/sqft
    Source: RMLS (OR) #593286951 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Lents

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Marysville
    • Middle: Kellogg
    • High: Franklin

    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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    Estimated market value
    $666,900
    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
    $666,900