1129 SW Gaines St

Portland, OR 97239

$1,735,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Sold 1/31/14
Sold 1/31/14

Description

Rare investment opportunity! Fantastic location right by OHSU. Eight units each with 2bd/1bath; most with AC; all appliances included. Great tenants and rental history. Newer building. Room for significant rent increases.Rare investment opportunity! Fantastic location right by OHSU. Eight units each with 2bd/1bath; most with AC; all appliances included. Great tenants and rental history. Newer building. Room for significant rent increases.
  1. Listed by Peter Kirby • Parker Realty Inc

Amenities

  • Air Conditioning
LISTING UPDATED: 01/31/2014 09:03 AM

Property Details for 1129 Southwest Gaines Street

StatusSold
MLS #13225808
Days on Market67
Taxes$17,570 / year
HOA Fees-
Condo/Co-op Fees-
Compass Type-
MLS TypeSale / Residential / Building / 5
Year Built1999
Lot Size-
CountyMultnomah County
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Location

Listing Courtesy of Parker Realty Inc

Sold By John L. Scott WSL

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Building Information for 1129 Southwest Gaines Street

Stories2Residences8Year Built1999Lot Size-

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$10,201 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,737

Property Taxes

$1,464

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1129 Southwest Gaines Street

Summary
Location and General Information
  • Area: Portland West, Raleigh Hills
  • Country: US
  • Directions: Terwilliger to Homestead; Left on Gaines; ahead near end of Gaines on Right
Parking
  • Parking Description: Assigned, Carport
Taxes and HOA Information
  • CC and R Y/N: No
  • FIRPTA Y/N: No
  • Tax Deferral YN: No
Virtual Tour
Property
Lot Information
  • Lot Description: Sloped
  • Zoning: R1
Property and Assessments
  • Water Description: Public
Utilities
  • Cooling Description: Wall Unit(s)
  • Fuel Description: Electricity
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Interior Features
  • View Y/N: Yes
  • View: City
Multi Family
Multi-Family Information
  • Gross Income Actual: $119,850
  • Gross Income Projected: $139,200
  • Gross Rent Multiplier: 17
  • Investor Information: Leases
  • Net Income Actual: $80,780
  • Net Income Projected: $99,157
  • Occupancy Types: Leased
  • Operating Expenses Actual: $39,070
  • Operating Expenses Projected: $40,043
  • SqFt Approximate Building Total: 8500
  • Storage: Individual Storage Units, Locked
  • Unit Features: Deck, Dishwasher, Refrigerator, Washer/Dryer
  • Unit Type Type: 1
Unit 1
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Deck, Dishwasher, Refrigerator, Washer/Dryer
  • Unit Type 1 Rent: $1,200
  • Unit Type 1 SqFt: 950.0
  • Unit Type 1 Units Total: 8

Property History for 1129 Southwest Gaines Street

DateEvent & SourcePriceAppreciation
Jan 29, 2014

Sold (Public Record)

Public Record #404019091

$1,735,000—
DateEvent & SourcePrice
01/29/2014

Sold (Public Record)

Public Record #404019091

$1,735,000

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

Public Records for 1129 Southwest Gaines Street

Taxable ValueLand-Additions-Total-
Tax Record2025$31,954 ($2,663 / month)
Home Facts
Baths8Total Finished SqFt8,648 SqFtAbove Grade Finished SqFt8,472 SqFtFinished Basement SqFt176 SqFtUnfinished Basement SqFt1,952 SqFtStories2Lot Size10,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1999ZoningR1CountyMULTNOMAHAPN1S1E09DB 02000

Schools near 1129 Southwest Gaines Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Ainsworth Elementary School
Public - K to 5
West Sylvan Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Portland Village School
Charter - K to 8
Rating
School
Distance
Ainsworth Elementary School
PublicK to 5

West Sylvan Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Portland Village School
CharterK to 8

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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Parker Realty Inc

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 © 2026 RMLS, Portland, Oregon. Last updated: 01/31/2014 09:03 AM