**Prime Investment Opportunity in Portland!** 8244 NE Multnomah St, Portland, OR 97220 Attention investors! This 1912 cottage, situated on a generous 5,650 sq. ft. lot, offers incredible potential for development or renovation. With 2 bedrooms (1 possibly non-conforming), 1 bathroom, and a deep 1-car detached garage, this property is the perfect canvas for your next project.Featuring vinyl windows and siding, plus partial basement storage under the house, the groundwork is already in place. Surrounded by newer homes, this property presents an excellent opportunity to increase its value in a growing neighborhood. convenient to public transportation and I-84, this home is in a prime spot for commuters, making it even more attractive for rental or resale. Don’t miss out on this fixer with tons of upside!
Property Details
Property Features
Property Information:
Architectural Style: 1 Story
Year Built: 1912
Stories: 1
Living Area: 620 SqFt
Listing Office:
Office Name: MORE Realty
Office Phone: (503) 307-7577
Listing Agent: Kristin Sholes
Interior Features
Interior Information:
Appliances: Range, Refrigerator
Basement: Yes
Interior: Laundry, Washer/Dryer
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Driveway, Street Parking
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Forced Air
Other
Directions Information:
Directions: 82nd Ave. to NE Multnomah St. to the property.
Price Information
Listing Price Info
Price Summary:
List Price: $299,999
Price Per SqFt: $484/SqFt
Tax Information:
Annual Amount: $2,310
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Portland, OR.
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: 11/17/2024, 7:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 30, 1999
Apr 30, 1999Home Sold
$92,500
Jan 01, 1992
Jan 01, 1992Home Sold
$25,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,310
$90,440
2018
$2,160
$85,260
2017
$2,071
$82,780
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,565
Per Month
Principal & Interest
$1,498
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$966
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Vestal Elementary School
161 NE 82nd Ave
Distance between this listing and this school0.48 miles
Public District Grades KG-5
4
/10
Jason Lee Elementary School
2222 NE 92nd Ave
Distance between this listing and this school0.68 miles
Public District Grades EE-5
8
/10
Portland Arthur Academy Charter School
7507 SE Yamhill St
Distance between this listing and this school1.08 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
Roseway Heights School
7334 NE Siskiyou St
Distance between this listing and this school0.98 miles
Public District Grades 6-8
8
/10
Creative Science K-8 School @Clark
1231 SE 92nd Ave
Distance between this listing and this school1.29 miles
Public District Grades KG-8
6
/10
Bridger Elementary School
7910 SE Market St
Distance between this listing and this school1.46 miles
Public District Grades KG-8
Nearby Schools
5
/10
Parkrose High School
12003 NE Shaver St
Distance between this listing and this school2.37 miles
Public District Grades 9-12
8
/10
Grant High School
2245 NE 36th Ave
Distance between this listing and this school2.41 miles
Public District Grades 9-12
7
/10
Franklin High School
5405 SE Woodward St
Distance between this listing and this school2.45 miles
The neighbors living near this home have an average income of $32,685. Residents of Portland, OR typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8244 NE Multnomah St
What is the listing price of this property?
The listing price of 8244 NE Multnomah St property is $299,999.
What type of property is this?
The property 8244 NE Multnomah St is a house located in Portland, Oregon, 97220.
Is this property for sale now?
Active Listing: 8244 NE Multnomah St 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 $2,310 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 30, 1999 for $92,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 8244 NE Multnomah St has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 8244 NE Multnomah St is 620 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8244 NE Multnomah St is 1912.
This home is located at 8244 NE Multnomah St in Portland, OR and zip code 97220 in the Lee Bow Park neighborhood. This 620 square foot home, which was built in 1912, sits on a 0.13 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $299,999.
In October 2024, from all listings sold in Portland, OR there were more than 298 sold above asking price, over 339 sold below and more than 212 were sold right at the asked price. Between September 2024 and October 2024, Portland, OR real estate market has seen increase in the number of listings by 4.2%. The median list price of listings available in October 2024 was $541,309, while the average time on the real estate market was 48 days.
From Rocket Homes Real Estate and based on county public records data.