3741 Southeast Market Street

Portland, OR 97214

$725,000
Last Sold Price
Beds
2,908 Sq. Ft.
$249 / Sq. Ft.
2,908
Sq. Ft.
$249
per Sq. Ft.

Description

Historic Craftsman style 5 plex in the heart of trendy Hawthorne/Richmond neighborhood. 2 Blk's to vibrant shops, cafes, theater, grocery, bus line, walk to everything! But located on quiet, peaceful street. Large yard. Lots of historic charm. Off street parking w/ long driveway & 2 car park pad, plenty of free street parking. 3 -1 bed units, 1 studio, 1- 2 bed unit plus unfinished 1314 SF (not incl in list SF) ground level basement for pos future develop? Current cap rate 6.5%, room for upside!...Historic Craftsman style 5 plex in the heart of trendy Hawthorne/Richmond neighborhood. 2 Blk's to vibrant shops, cafes, theater, grocery, bus line, walk to everything! But located on quiet, peaceful street. Large yard. Lots of historic charm. Off street parking w/ long driveway & 2 car park pad, plenty of free street parking. 3 -1 bed units, 1 studio, 1- 2 bed unit plus unfinished 1314 SF (not incl in list SF) ground level basement for pos future develop? Current cap rate 6.5%, room for upside! Legal 5 plex, gas & electric metered separately. Would make great investment, owner occupied, Airbnb?? Seller is licensed Oregon Broker.
  1. Listed by Nancy Pelett • Keller Williams PDX Central

Property Details for 3741 Southeast Market Street

Subdivision
RICHMOND / HAWTHORNE
Parking Features
Paved
Zoning
R2.5
Garage Spaces
2.00
Parking Total
2.00
LISTING UPDATED: 12/08/2023 12:37 PM

Property Details for 3741 Southeast Market Street

StatusSold
MLS #23462787
Days on Market6
Taxes$6,385 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1906
Lot Size-
CountyMultnomah County

Building Information for 3741 Southeast Market Street

Stories3Residences5Year Built1906Building Size-Lot Size-

Property Information for 3741 Southeast Market Street

Summary
Location and General Information
  • Country: US
  • Directions: Hawthorne 2 blocks South
  • Road Surface: Paved
School Information
  • Elementary School: Abernethy
  • High School: Cleveland
  • Middle Or Junior School: Hosford
Parking
  • Attached Garage: No
Taxes and HOA
  • CC and R Y/N: No
  • FIRPTA: No
  • Tax Year: 2022
  • Tax Deferral: No
  • Tax Annual Amount: $6,385.05
  • Parcel Number: R157077
  • Tax Legal Description: ELSMERE, BLOCK 2, LOT 8
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No
Property
Lot Information
  • Lot Description: Gentle Sloping, Level
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1906
  • Property Attached: No
  • Unreinforced Masonry Bldg: Yes
Utilities
  • Fuel Description: Gas
  • Heating Description: Wall Furnace
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Green Features
  • Green Certification: No
Interior and Exterior Features
Exterior Features
  • Exterior Description: Asbestos, Stone
  • Roof Type: Composition
Interior Features
  • Basement: Exterior Entry, Full Basement, Storage Space
  • Foundation Details: Concrete Perimeter
  • View Y/N: No
  • Stories: 3
  • Cooling: No
  • Heating: Yes
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • Gross Income Actual: $68,460.00
  • Gross Income Projected: $78,480.00
  • Gross Rent Multiplier: $10.21
  • Investor Information: According To Owner
  • Net Income Actual: $49,209.00
  • Net Income Projected: 59229
  • Operating Expenses Projected: $19,251.00
  • Operating Expense: $19,251.00
  • Security Features: Fire Escape, Security Lights, Sidewalk
  • Storage: Basement
  • 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: 2908
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Range, Refrigerator, Window Coverings, Wood Floors
  • Unit Type 1 Rent: $1,405
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Window Coverings
  • Unit Type 2 Rent: $870
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 0
  • Unit Type 3 Features: Range, Refrigerator, Window Coverings, Wood Floors
  • Unit Type 3 Rent: $1,080
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Range, Refrigerator, Window Coverings, Wood Floors
  • Unit Type 4 Rent: $1,300
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Range, Refrigerator, Window Coverings
  • Unit Type 5 Rent: $1,050
  • Unit Type 5 Units Total: 1

Property History for 3741 Southeast Market Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3741 Southeast Market Street

Taxable ValueLand-Additions-Total-
Tax Record2024$6,787 ($566 / month)
Home Facts
Baths5Total Finished SqFt2,908 SqFtAbove Grade Finished SqFt2,908 SqFtStories1Lot Size4,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningR5CountyMULTNOMAHAPN1S1E01DA 13901

Schools near 3741 Southeast Market 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
Abernethy Elementary School
PublicK to 5

Hosford Middle School
Public6 to 8

Cleveland 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.

Similar Homes

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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 Keller Williams PDX Central

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: 12/08/2023 12:37 PM