3 months on rocket

7062 NE M L King Blvd, Portland, OR, 97211

$599,000

0.23 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeMixed Use
ViewTerritorial
MLS #24434046
Lot Size0.23 Acres
StatusActive

About 7062 NE M L King Blvd

Excellent opportunity for investor/developer to own 4 platted lots on the corner of Morgan and MLK! Zoned CM2 -Great traffic area. Currently generating income from car lot and billboard which is great for future investors while awaiting development. Call for developers packet. PLEASE DO NOT DISTURB TENANTS.

Property Details

Property Features

Listing Office:

  • Office Name: Farrell Realty & Property Management, Inc
  • Office Email: info@farrellrealty.com
  • Listing Agent: Cindy Somsanith

Exterior Features

Exterior Information:

  • View: Territorial

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.23 Acres

Other

Directions Information:

  • Directions: MLK Between Morgan & Bryant

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
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Housing Market Comparison

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

Med. Sold Price

$542.3K

Med. Price/SqFt

$316

Avg. Days On Market

54

# of Sold Homes

739

7062 NE M L King Blvd vs Portland

94 DAYS ON ROCKET

+40 Days

$599,000

+$56.6K More

KEY TAKEAWAY

This property is $56.6K more than the Median Sold Price 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: #24434046

Listing Office:

  • Office Name: Farrell Realty & Property Management, Inc
  • Office Email: info@farrellrealty.com
  • Listing Agent: Cindy Somsanith

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: 12/22/2024, 4:21:00 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

Mar 17, 2015Home Sold
$51,999
Mar 17, 2015Home Sold
$51,999
Mar 17, 2015Home Sold
$144,003
Mar 17, 2015Home Sold
$51,999
Jan 20, 2006Home Sold
$220,000
Oct 01, 1996Home Sold
$52,500

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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-1022241
7
/10
  • Woodlawn Elementary School

  • 7200 NE 11th Ave

  • 0.38 miles

  • Public District Grades PK-5

school-card-donut-1022242
7
/10
  • Dr. Martin Luther King Jr. Elementary School

  • 4906 NE 6th Ave

  • 1.12 miles

  • Public District Grades PK-5

school-card-donut-1022243
8
/10
  • Chief Joseph School

  • 2409 N Saratoga St

  • 1.48 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,956. Typical income of Portland, OR residents is between $35k-100k annually. Residents typically live in single, no kids family. 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 7062 NE M L King Blvd

What is the listing price of this property?

The listing price of 7062 NE M L King Blvd property is $599,000.

What type of property is this?

The property 7062 NE M L King Blvd is land located in Portland, Oregon, 97211.

Is this property for sale now?

Active Listing: 7062 NE M L King Blvd is For Sale (Active/New) which means the seller is accepting offers.

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

The last sale was on March 17, 2015 for $51,999. (source: MLS/tax record).

How much acreage is this property?

The property 7062 NE M L King Blvd is 0.23 acres.
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Rocket HomesOregonMultnomah CountyPortland972117062 NE M L King Blvd

This home is located at 7062 NE M L King Blvd in Portland, OR and zip code 97211 in the Northeast Portland neighborhood. This home sits on a 0.23 acre lot. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $599,000.

Portland, OR housing market in November 2024 saw over 253 listings sold above listed price, more than 166 sold at listed price and over 320 sold below. The inventory of homes for sale in Portland, OR between October 2024 and November 2024 decreased by 11.9%. In November 2024 median list price was $542,392 and the average listing age was 54 days.

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

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