Bought with Non Rmls Broker
For more information regarding the value of a property, please contact us for a free consultation.
8818 SE RHONE ST Portland, OR 97266
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $555,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lents
MLS Listing ID 562739450
Sold Date 08/07/26
HOA Y/N No
Year Built 1942
Annual Tax Amount $8,388
Tax Year 2025
Lot Size 0.630 Acres
Property Description
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.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Interior
Heating Forced Air
Exterior
View Territorial
Roof Type Composition
Garage No
Building
Lot Description Level, Public Road
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Clark
Middle Schools Harrison Park
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Contract
Listing Terms Cash, Contract
Read Less
Nearby Locations
GET MORE INFORMATION