12344 Southeast Bush Street

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Parking
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Active
$730,000
2,477 sqft
12344 SE Bush St, Portland, OR 97236
Est: $4,249/moGet pre-approved
Multi FamilyProperty Type
0.25 acresLot Size
1954Year Built
$295/sq ftPrice per sq ft
10 carsParking Spaces

Description

Updated 4-plex offers a great investment opportunity in a central location on a large lot with rents totaling $5,490 a month ($65,880 a year). This tidy property is near shopping & bus line + minutes to 611-acre Powell Butte Nature Park & Lent's Park (Portland Pickles!). There are two separate buildings (like two duplexes), lots of off-street parking plus three units have attached garages—parking for up to 10 cars. Very unique and easy to rent. All four units have been updated in the last few years...Updated 4-plex offers a great investment opportunity in a central location on a large lot with rents totaling $5,490 a month ($65,880 a year). This tidy property is near shopping & bus line + minutes to 611-acre Powell Butte Nature Park & Lent's Park (Portland Pickles!). There are two separate buildings (like two duplexes), lots of off-street parking plus three units have attached garages—parking for up to 10 cars. Very unique and easy to rent. All four units have been updated in the last few years including new kitchen & bath cabinets, counters & flooring and the roof on the east building was new in 2017. Every unit has it’s own laundry area with washer & dryer hook-ups. One unit is ready for an owner-occupied buyer. Zoning is RM1 which could offer the possibility for additional units.
Days on Market Listed Today
  • Listed by: Sally Mehalovich • RE/MAX Advantage Group
  • Listed by: Susan Maag • RE/MAX Advantage Group
Last updated: 09/16/2026 01:34 PM • Source: RMLS, MLS#: 586866154

Location

Listing Courtesy of RE/MAX Advantage Group
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$4,249 per month

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Property Taxes

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Property Information for 12344 Southeast Bush Street

Property Details
  • Taxes: $5,721 / year
  • MLS Type: Multi Family
  • County: Multnomah County
  • Parking Features: Driveway, Garage
  • Zoning: RM1
  • Garage Spaces: 3.00
  • Parking Total: 10.00
Building Information
  • Stories: 1
  • Residences: 4
  • Year Built: 1954
  • Lot Size: 0.25 AC / 10,890 SF
Summary
Location and General Information
  • Country: US
  • Directions: Between Holgate & Powell
School Information
  • Elementary School: Gilbert Hts
  • High School: David Douglas
  • Middle Or Junior School: Alice Ott
Taxes and HOA
  • Management Name: Owner/Manager
  • Tax Year: 2025
  • Tax Annual Amount: $5,720.89
  • Parcel Number: R278188
  • Tax Legal Description: SUBURBAN HMS CLUB TR, BLOCK D, LOT 26 TL 5900
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Property
Lot Information
  • Acres: 0.25
  • Lot Description: Level
  • Lot Size Square Feet: 10890.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1954
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Zoned
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cedar, Shake Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $65,880.00
  • Gross Income Projected: $65,880.00
  • Gross Rent Multiplier: $11.08
  • Investor Information: According To Owner, Leases, Utility Records Available
  • Net Income Actual: $53,535.00
  • Net Income Projected: 53535
  • Operating Expenses Projected: $12,354.00
  • Operating Expense: $12,354.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 2477
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Disposal, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $1,345
  • Unit Type 1 SqFt: 496.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher, Disposal, Refrigerator, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,245
  • Unit Type 2 SqFt: 496.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Dishwasher, Disposal, Refrigerator, Washer Dryer Hookup
  • Unit Type 3 Rent: $1,450
  • Unit Type 3 SqFt: 750.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Dishwasher, Disposal, Refrigerator, Washer Dryer Hookup
  • Unit Type 4 Rent: $1,440
  • Unit Type 4 SqFt: 735
  • Unit Type 4 UnitsTotal: 1

Property History for 12344 Southeast Bush Street

DateEvent & SourcePriceAppreciation
Jan 10, 2019

Sold (Public Record)

Public Record #637565348

$480,000

+10.1% / yr

Apr 4, 2012

Sold (Public Record)

Public Record #327555995

$250,000—
DateEvent & SourcePrice
01/10/2019

Sold (Public Record)

Public Record #637565348

$480,000

+10.1% / yr

04/04/2012

Sold (Public Record)

Public Record #327555995

$250,000

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

Public Records for 12344 Southeast Bush Street

Taxable ValueLand-Additions-Total-
Tax Record2025$5,721 ($477 / month)
Home Facts
Baths4Total Finished SqFt1,488 SqFtAbove Grade Finished SqFt1,488 SqFtStories1Lot Size10,669 SqFtStyleDuplexYear Built1954ZoningR2CountyMULTNOMAHAPN1S2E11CB 05900

Schools near 12344 Southeast Bush Street

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Gilbert Heights Elementary School
Public - PK to 5
Alice Ott Middle School
Public - 6 to 8
David Douglas High School
Public - 9 to 12
Arthur Academy
Charter - K to 5
Rating
School
Distance
Gilbert Heights Elementary School
PublicPK to 5

Alice Ott Middle School
Public6 to 8

David Douglas High School
Public9 to 12

Arthur Academy
CharterK 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.

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More information about 12344 Southeast Bush Street, Portland, OR 97236

12344 Southeast Bush Street is a multi-family home for sale in Portland, OR 97236. This listing's school district is David Douglas School District 40. Nearby schools include Gilbert Heights Elementary School, Alice Ott Middle School and David Douglas High School. 12344 Southeast Bush Street is a 0-bed, 0-bath, 2,477 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Advantage Group

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: 09/16/2026 01:34 PM