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3116 SE 7th Ave, Portland, OR, 97202

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
2,905 SqFt
$207/SqFt
House

Location

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3116 SE 7th Ave, Portland$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingStreet Parking
Year Built1896
HeatingForced Air, Heat Pump
CoolingHeat Pump
BasementYes
MLS #24008878
Lot Size0.11 Acres
StatusActive

About 3116 SE 7th Ave

Discover an exceptional investment opportunity in the heart of Brooklyn with this duplex, perfectly situated in a highly sought-after location boasting excellent walk and bike scores. This property features two 2 bedroom/1 bathroom units, one vacant and one currently occupied by month-to-month tenants, ensuring immediate rental income. The upstairs unit offers bright and spacious living areas, two well-sized bedrooms, and a full bathroom. It also includes exclusive access to a washer and dryer in its dedicated basement storage space. The downstairs unit is equipped with a heat pump for efficient heating and air conditioning, a convenient in-unit washer and dryer, and another large dedicated storage space in the basement. Additionally, the downstairs unit features a private deck, perfect for outdoor relaxation. Both units share access to a spacious, nicely landscaped backyard and side yard, providing ample outdoor space for gardening, recreation, or simply enjoying the outdoors. Along with the two unit-designated storage spaces, the basement has another large room for landlord storage, as well as a common area for lawn and yard tools. This is a fantastic Brooklyn location for rentals, with easy access to commuting, river, parks, restaurants and more!

Property Details

Property Features

Property Information:

  • Year Built: 1896
  • Stories: 2
  • Living Area: 2,905 SqFt

Listing Office:

  • Office Name: Redfin
  • Office Phone: (503) 496-7620
  • Listing Agent: Kate Uva

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Street Parking

Virtual/3D Tour

  • 3D Tour: 3116 SE 7th Ave
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Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: From Powell Blvd., south on 7th

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $207/SqFt

Tax Information:

  • Annual Amount: $5,668
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Portland, OR.

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Portland, OR

City

Med. Sold Price

$541.3K

Med. Price/SqFt

$315

Avg. Days On Market

48

# of Sold Homes

849

3116 SE 7th Ave vs Portland

38 DAYS ON ROCKET

-10 Days

$600,000

+$58.6K More

$207/SqFt

-$109 Less

KEY TAKEAWAY

This property is $58.6K more than the Median Sold Price and $109/SqFt less than other homes in Portland, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24008878

Listing Office:

  • Office Name: Redfin
  • Office Phone: (503) 496-7620
  • Listing Agent: Kate Uva

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 30, 2021Home Sold
$525,000
Nov 12, 2009Home Sold
$329,000
Apr 01, 1993Home Sold
$90,500

Tax History

YEARPROP. TAXASSESSMENT
2020$5,668$221,870
2018$5,299$209,140
2017$5,079$203,050

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-616248
10
/10

  • Abernethy Elementary School

  • 2421 SE Orange Ave

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-616249
8
/10

  • Grout Elementary School

  • 3119 SE Holgate Blvd

  • 1.40 miles

  • Public District Grades EE-5

school-card-donut-616250
7
/10

  • Buckman Elementary School

  • 320 SE 16th Ave

  • 1.44 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,707. Typical income of Portland, OR residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3116 SE 7th Ave

What is the listing price of this property?

The listing price of 3116 SE 7th Ave property is $600,000.

What type of property is this?

The property 3116 SE 7th Ave is a house located in Portland, Oregon, 97202.

Is this property for sale now?

Active Listing: 3116 SE 7th Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,668 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 30, 2021 for $525,000. (source: MLS/tax record).

What is the square footage of this property?

The property 3116 SE 7th Ave is 2,905 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3116 SE 7th Ave is 1896.

Rocket Homes›Oregon›Multnomah County›Portland›97202›3116 SE 7th Ave

This home is located at 3116 SE 7th Ave in Portland, OR and zip code 97202 in the Southeast Portland neighborhood. This 2,905 square foot home, which was built in 1896, sits on a 0.11 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $600,000.

While more than 298 listings in Portland, OR in October 2024 were sold above asking price, there were more than 212 listings sold at asking price, and more than 339 were sold below. The number of homes for sale in Portland, OR increased by 4.2% between September 2024 and October 2024. Listings spent 48 days on the market in October 2024, and had a median list price of $541,309 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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