5429 Southeast Rhone Street

Portland, OR 97206

$880,000
Price
Beds
3,256 Sq. Ft.
$270 / Sq. Ft.
3,256
Sq. Ft.
$270
per Sq. Ft.

Description

inspection issues that caused the prior transaction to fall apart have been addressed, call for details. Paying renters are in place and units are in good condition! Well maintained 5-plex in Foster Powell! Great rental history and maintenance history. Only a couple blocks from the "carts on Foster" food carts and other coffee shops. Four similar units and one larger two level unit. Property is pretty turnkey, just step right in as the new owner! Photos are of one unit but are representative of all...inspection issues that caused the prior transaction to fall apart have been addressed, call for details. Paying renters are in place and units are in good condition! Well maintained 5-plex in Foster Powell! Great rental history and maintenance history. Only a couple blocks from the "carts on Foster" food carts and other coffee shops. Four similar units and one larger two level unit. Property is pretty turnkey, just step right in as the new owner! Photos are of one unit but are representative of all the units, all are in similar condition. Not all commercial lenders are the same, names of lenders are on file of several with unique qualifying criteria.
  1. Listed by Ward Spears • Eleete Real Estate
  2. Listed by Courtney Spears • Eleete Real Estate

Property Details for 5429 Southeast Rhone Street

Subdivision
Foster Powell
Parking Features
Paved
Zoning
RM2
Parking Total
8.00
LISTING UPDATED: 11/10/2024 07:44 PM

Property Details for 5429 Southeast Rhone Street

StatusActive
MLS #23298140
Days on Market486
Taxes$9,473 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1965
Lot Size0.11 AC / 4,791 SF
CountyMultnomah County

Virtual Tour

Building Information for 5429 Southeast Rhone Street

Stories2Residences5Year Built1965Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 5429 Southeast Rhone Street

Summary
Location and General Information
  • Country: US
  • Directions: Foster, North on 54th, Right on Rhone, property on left
  • Road Surface: Paved
School Information
  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $9,473.00
  • Parcel Number: R229051
  • Tax Legal Description: OAKDALE, BLOCK 3, LOT 27&28
Virtual Tour
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Level
  • Lot Size Square Feet: 4791.0
  • Lot Size Dimension: 50x100
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1965
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Ceiling
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Wood Siding
  • Roof Type: Flat
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • Gross Income Actual: $78,600.00
  • Gross Income Projected: $94,200.00
  • Gross Rent Multiplier: $11.20
  • Investor Information: According To Owner, Leases, Profit Loss Statement, Rent Records
  • Net Income Actual: $51,752.00
  • Operating Expense: $26,848.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 3256
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Deck, Dishwasher, Range, Refrigerator
  • Unit Type 1 Rent: $1,450
  • Unit Type 1 SqFt: 800.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Deck, Dishwasher, Refrigerator
  • Unit Type 2 Rent: $1,250
  • Unit Type 2 SqFt: 600.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Deck, Dishwasher, Range, Refrigerator
  • Unit Type 3 Rent: $1,300
  • Unit Type 3 SqFt: 600.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Deck, Dishwasher, Range, Refrigerator
  • Unit Type 4 Rent: $1,300
  • Unit Type 4 SqFt: 600
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Deck, Dishwasher, Range, Refrigerator
  • Unit Type 5 Rent: $1,250
  • Unit Type 5 SqFt: 600.0
  • Unit Type 5 Units Total: 1

Public Records for 5429 Southeast Rhone Street

Taxable ValueLand-Additions-Total-
Tax Record2023$9,109 ($759 / month)
Home Facts
Baths5Total Finished SqFt3,299 SqFtAbove Grade Finished SqFt3,299 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningR1CountyMULTNOMAHAPN1S2E07DB 03100

Schools near 5429 Southeast Rhone Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Creston Elementary School
PublicK to 5

Kellogg Middle School
Public6 to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

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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5429 Southeast Rhone Street is a multi-family home for sale in Portland, OR 97206. This property was listed for sale on July 21, 2023 by Eleete Real Estate, it's currently listed at $880,000. This listing's school district is Portland School District 1j. Nearby schools include Creston Elementary School, Kellogg Middle School and Franklin High School. 5429 Southeast Rhone Street is a 0-bed, 0-bath, 3,256 sqft multi-family home built in 1965.

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 Eleete Real Estate

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 © 2024 RMLS, Portland, Oregon. Last updated: 11/10/2024 07:44 PM