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Listed by Realty Marketing / Northwest
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Est. payment /mo
0.42 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Lents
MLS Listing ID 222148169
HOA Y/N No
Year Built 1942
Annual Tax Amount $4,916
Tax Year 2025
Lot Size 0.420 Acres
Property Description
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.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Interior
Heating Forced Air
Cooling None
Exterior
View Territorial
Roof Type Composition
Garage No
Building
Lot Description Level, Public Road
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Clark
Middle Schools Harrison Park
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, OwnerWillCarry
Listing Terms Cash, OwnerWillCarry
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Nearby School & Business
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