8831 SE RHONE ST, Portland, OR 97266 | 22629478 | Prime Alliance Real Estate Services

8831 SE RHONE ST $568,000

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    8831 SE RHONE ST Portland, OR 97266

    • 4 Beds
    • 2 Baths
    • Multi-Family
    • Listing# 22629478
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    Views: 8 Days On Site: 8

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    Property Details

    2 homes on 2 tax lots. Both units currently on month to month. Tucked away in a quiet neighborhood with attached garage and huge backyard. Higher density RM1 zoning, land area with both lots total just under 1/2 acre. Make offer for package deal. Buyer to do all due diligence to their satisfaction.

    • General Features
      • Area Portland Southeast
      • Bank Owned Y/N No
      • Capitalization Rate 2.71
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 27900
      • Gross Rent Multiplier 20.36
      • Heating Description Baseboard
      • Hot Water Description Electricity
      • Net Income Actual 15400
      • Number Of Units Total 2
      • Occupancy Types Month To Month
      • Operating Expenses Actual 12500
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Supplement Number 0
      • Tax Amount 6281.36
      • Terms Cash,Conventional
      • Third Party Approval Y/N No
      • Utilities Included None
      • View Y/N No
      • Water Description Public Water
      • Year Built 1961
      • Zoning RM1
    • Building Features
      • Basement None
      • Basement1 Slab,Concrete Perimeter
      • Exterior Description Cedar,Lap Siding
      • SqFt Approximate Building Total 1402
      • Storage None
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 2
      • Unit Type1 Features Range,Refrigerator
      • Unit Type1 Rent 1075
      • Unit Type1 SqFt 586
      • Unit Type1 Units Total 1
      • Unit Type2 Baths Total 1
      • Unit Type2 Beds Total 2
      • Unit Type2 Features Range,Refrigerator
      • Unit Type2 Rent 1250
      • Unit Type2 SqFt 816
      • Unit Type2 Units Total 1
      • UnitFeatures Range,Refrigerator
      • UnitTypeType 1,2
    • Room Features
      • Legal Description POWELL GARDENS, LOT 6 EXC S 94' OF E 75
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description Level
      • Lot Size 20,000 SqFt to .99 Acres
      • Property Category Multi Family
      • Roof Type Composition
    • Schools
      • Elementary School Harrison Park
      • High School Leodis McDaniel
      • Middle School Harrison Park

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    Neighborhood

    97266 (Portland) Demographics

    37 Median Age
    5,894 Population Density (per sq. mile)
    33% College Educated
    $53,984 Estimated Median Income
    7,056 Estimated Total Home Owners
    5,597 Estimated Total Renters
    56% / 44% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    35,727 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $439,000 Median Sales Price
    42 Homes Sold
    74 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $568,000
        5/13/2022 5:07:00 PM New in Database Source: Multiple Listing Service New Value: $568,000

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        The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Prime Alliance Real Estate Services are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 RMLS™, Portland, Oregon. This content last updated on 5/21/2022 2:08:34 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.