Fantastic 4-plex property with unique hard-to-find 3 bedroom/2.1 bath, large 1300 square foot units great for longer term tenanncies. Stackable washer and dryer in every unit. Large living spaces. Kitchens include a range, refrigerator, dishwasher and disposal, built-in microwave, and spacious dining room. Living rooms have slider access to a fenced, private yard. All bedrooms are up. Primary has an en-suite bath with a shower and a walk-in closet. The second full bath has a tub/shower combination. Units are separately metered for electricity. Great for an owner-occupant after the lease ends 8/31/24. 6% cap rates are based on rent improvement to the highest rent level. Current cap rate of 5.5%. RUBS allows for utility bill back in all leases. Easy to get to mass trans, coffee, parks, and restaurants. 97 bike score. 82 walk score.
Sold
$1,070,000
931 NE 81st Ave, Portland, OR 97213
12beds
5,208sqft
Multi Family
Built in 2008
-- sqft lot
$-- Zestimate®
$205/sqft
$2,340 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,340/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jeff Capen 503-888-5191,
Windermere Realty Trust,
John McClain 503-548-4848,
Windermere Realty Trust
Bought with:
Jeff Capen, 200308199
Windermere Realty Trust
Source: RMLS (OR),MLS#: 24529113
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
- Full bathrooms: 8
- Partial bathrooms: 4
Appliances
- Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 5,208
- Total interior livable area: 5,208 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 5,227 sqft
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R186023
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 2008
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
- Subdivision: Montavilla
HOA & financial
Other financial information
- Total actual rent: 7868
Other
Other facts
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2024 | Sold | $1,070,000+7%$205/sqft |
Source:  RMLS (OR) #24529113 Report a problem | ||
| 8/2/2024 | Pending sale | $999,900$192/sqft |
Source: RMLS (OR) #24529113 Report a problem | ||
| 7/22/2024 | Listed for sale | $999,900+72.4%$192/sqft |
Source: RMLS (OR) #24529113 Report a problem | ||
| 6/17/2016 | Listing removed | $1,695+21.5% |
Source: PropM, Inc Report a problem | ||
| 2/7/2015 | Listing removed | $1,395 |
Source: PropM, Inc Report a problem | ||
| 12/31/2014 | Listed for rent | $1,395 |
Source: PropM, Inc Report a problem | ||
| 10/2/2014 | Sold | $580,000-3.2%$111/sqft |
Source: RMLS (OR) #14449360 Report a problem | ||
| 7/31/2014 | Listed for sale | $599,000-4.2%$115/sqft |
Source: ZipRealty #14449360 Report a problem | ||
| 4/3/2011 | Listing removed | $625,000$120/sqft |
Source: John L. Scott Inc #10078941 Report a problem | ||
| 10/4/2010 | Listed for sale | $625,000+4.2%$120/sqft |
Source: John L Scott Real Estate #10078941 Report a problem | ||
| 7/3/2010 | Listing removed | $600,000$115/sqft |
Source: Mike Cook Properties, LLC #9077927 Report a problem | ||
| 10/9/2009 | Listed for sale | $600,000+12.1%$115/sqft |
Source: Mike Cook Properties, LLC #9077927 Report a problem | ||
| 8/16/2007 | Sold | $535,000$103/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,561 +3.7% | $503,270 +3% |
| 2024 | $13,073 +4% | $488,620 +3% |
| 2023 | $12,571 +2.2% | $474,390 +3% |
| 2022 | $12,299 +1.7% | $460,580 +3% |
| 2021 | $12,090 +9% | $447,170 +3% |
| 2020 | $11,091 +3.8% | $434,150 +3% |
| 2019 | $10,683 | $421,510 +3% |
| 2018 | $10,683 +3% | $409,240 +3% |
| 2017 | $10,369 +14% | $397,330 +3% |
| 2016 | $9,095 | $385,760 +3% |
| 2015 | $9,095 +2.7% | $374,530 +3% |
| 2014 | $8,857 +18.2% | $363,630 +3% |
| 2013 | $7,494 +5.2% | $353,040 +3% |
| 2012 | $7,125 +2.8% | $342,760 +3% |
| 2011 | $6,931 -1.5% | $332,780 +3% |
| 2010 | $7,037 +2.7% | $323,090 +3% |
| 2009 | $6,853 +6% | $313,680 +3% |
| 2008 | $6,467 | $304,550 |
Find assessor info on the county website
Neighborhood: Montavilla
Nearby schools
GreatSchools rating
- 8/10Vestal Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Harrison Park SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Leodis V. McDaniel High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Vestal
- Middle: Roseway Heights
- High: Jefferson
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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- Oregon
- Multnomah County
- Portland
- 97213
- Montavilla
- 931 NE 81st Ave
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