15121 Southeast Stark Street

Portland, OR 97233

$999,950
Price
Beds
Baths
4,900 Sq. Ft.
$204 / Sq. Ft.
4,900
Sq. Ft.
$204
per Sq. Ft.

Description

Owner occupy and have the others cover your mortgage. Opportunity knocks with this hard to find four plex with each unit being 3 beds and 2 baths. Perfect owner occupied investment or just straight up investment property. Rents are month to month and under value currently. Opportunity to raise rents and increase the value of your investment. Great for 1031 Exchange or first investment property. Either way you will be hard pressed to find a better value.Owner occupy and have the others cover your mortgage. Opportunity knocks with this hard to find four plex with each unit being 3 beds and 2 baths. Perfect owner occupied investment or just straight up investment property. Rents are month to month and under value currently. Opportunity to raise rents and increase the value of your investment. Great for 1031 Exchange or first investment property. Either way you will be hard pressed to find a better value.
  1. Listed by John Taylor • The Broker Network, LLC

Property Details for 15121 Southeast Stark Street

Parking Features
Driveway, Garage
Zoning
RM2
View
Territorial
Garage Spaces
4.00
Parking Total
4.00
LISTING UPDATED: 02/19/2025 11:29 AM

Property Details for 15121 Southeast Stark Street

StatusActive
MLS #24491668
Days on Market211
Taxes$10,753 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1997
Lot Size0.23 AC / 10,018 SF
CountyMultnomah County

Building Information for 15121 Southeast Stark Street

Stories2Residences4Year Built1997Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 15121 Southeast Stark Street

Summary
Location and General Information
  • Country: US
  • Directions: 151ST AND STARK ST.
  • Road Surface: Paved
School Information
  • Elementary School: Glenfair
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $10,752.62
  • Parcel Number: R489229
  • Tax Legal Description: PARTITION PLAT 1999-155, LOT 2
Property
Lot Information
  • Acres: 0.23
  • Lot Description: Level
  • Lot Size Square Feet: 10018.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1997
Utilities
  • Cooling Description: None
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Composition, Shingle
Interior Features
  • Basement: Crawl Space
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $84,096.00
  • Gross Income Projected: $96,000.00
  • Gross Rent Multiplier: $11.89
  • Investor Information: According To Owner
  • Net Income Actual: $64,000.00
  • Net Income Projected: 77000
  • Operating Expenses Projected: $19,000.00
  • Operating Expense: $19,000.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 4900
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $1,600
  • Unit Type 1 SqFt: 4900.0
  • Unit Type 1 Units Total: 4

Public Records for 15121 Southeast Stark Street

Taxable ValueLand-Additions-Total-
Tax Record2024$11,189 ($932 / month)
Home Facts
Baths8Total Finished SqFt4,960 SqFtAbove Grade Finished SqFt4,960 SqFtStories2Lot Size9,852 SqFtStyleQuadraplexYear Built1997ZoningR1CountyMULTNOMAHAPN1N2E36CD 02702

Schools near 15121 Southeast Stark Street

This home is within Reynolds School District 7.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Glenfair Elementary School
PublicK to 5

Hauton B Lee Middle School
Public6 to 8

Reynolds High School
Public9 to 12

Four Corners School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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15121 Southeast Stark Street is a multi-family home for sale in Portland, OR 97233. This property was listed for sale on August 7, 2024 by The Broker Network, LLC, it's currently listed at $999,950. This listing's school district is Reynolds School District 7. Nearby schools include Glenfair Elementary School, Hauton B Lee Middle School and Reynolds High School. 15121 Southeast Stark Street is a 0-bed, 0-bath, 4,900 sqft multi-family home built in 1997.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Broker Network, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 02/19/2025 11:29 AM