1241 Southwest Cheltenham Street

Sold 11/8/21
Sold 11/8/21
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Sold
Last Sold Price
$835,000
1241 SW Cheltenham St, Portland, OR 97239
Multi FamilyProperty Type
1958Year Built

Description

Turn-key mid-century modern triplex in the heart of Hillsdale. Hardware floors, fireplace, private outdoor spaces, make this property truly unique. Rear unit lives like a house, and is perfect for an owner-occupier. Excellent rental history with professional management. Conveniently located near all that Hillsdale has to offer. Please do not disturb tenants. Write all offers subject to interior inspection. APOD Attached. All owners are licensed real estate agents in the State of Oregon.Turn-key mid-century modern triplex in the heart of Hillsdale. Hardware floors, fireplace, private outdoor spaces, make this property truly unique. Rear unit lives like a house, and is perfect for an owner-occupier. Excellent rental history with professional management. Conveniently located near all that Hillsdale has to offer. Please do not disturb tenants. Write all offers subject to interior inspection. APOD Attached. All owners are licensed real estate agents in the State of Oregon.
  • Listed by: Conor Finlay • CORE, Realtors
Listing closed: 11/08/2021 12:00 AM • Source: RMLS, MLS#: 21182104

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Amenities

  • Parking Included
  • Private Outdoor Space
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Location

Listing Courtesy of CORE, Realtors

Sold By Non Rmls Broker

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$5,088 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,458

Property Taxes

$631

HOA Dues

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Property Information for 1241 Southwest Cheltenham Street

Property Details
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1958
Summary
Location and General Information
  • Area: Portland NW/ SW/ S, Raleigh Hills
  • Country: US
  • Directions: From SW Capitol Hwy, North on SW Cheltenham
  • Road Surface: Paved
  • Subdivision: HILLSDALE
Parking
  • Parking Features: Paved
Taxes and HOA Information
  • CC and R Y/N: No
  • FIRPTA Y/N: No
  • Tax Year: 2020
  • Tax Deferral YN: No
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Lot Description: Level
  • Zoning: RM 1
Property and Assessments
  • Water Description: Public
  • Property Condition: Existing
Utilities
  • Cooling Description: None
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Full Basement
  • Foundation Details: Concrete Perimeter
  • View Y/N: Yes
  • View: City
Multi Family
Multi-Family Information
  • Gross Income Actual: $53,409
  • Gross Income Projected: $54,663
  • Gross Rent Multiplier: 17
  • Investor Information: According To Owner, Annual Property Operation Data
  • Net Income Actual: $38,056
  • Net Income Projected: $39,806
  • Occupancy Types: Leased, Month To Month, Vacant
  • Operating Expenses Actual: $15,353
  • Operating Expenses Projected: $14,857
  • SqFt Approximate Building Total: 3098
  • Storage: Garage(s), Basement
  • Unit Features: Disposal, Fireplace, Hardwood Floors, Range, Refrigerator, Washer/Dryer Hookup
  • Unit Type Type: 1, 2, 3
Unit 1
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Disposal, Range, Refrigerator, Washer/Dryer Hookup
  • Unit Type 1 Rent: $1,895
  • Unit Type 1 Units Total: 1
Unit 2
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Hardwood Floors, Range, Refrigerator
  • Unit Type 2 Rent: $1,540
  • Unit Type 2 Units Total: 1
Unit 3
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Fireplace, Hardwood Floors, Range, Refrigerator
  • Unit Type 3 Rent: $1,250
  • Unit Type 3 Units Total: 1

Public Records for 1241 Southwest Cheltenham Street

Taxable ValueLand-Additions-Total-
Tax Record2010$3,148 ($262 / month)
Home Facts
Total Finished SqFt3,094 SqFtAbove Grade Finished SqFt2,509 SqFtFinished Basement SqFt585 SqFtUnfinished Basement SqFt1,655 SqFtLot Size6,000 SqFtYear Built1958ZoningR2CountyMULTNOMAHAPNR991161740Fireplace TypeBacked

Schools near 1241 Southwest Cheltenham Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Rieke Elementary School
Public - K to 5
Gray Middle School
Public - 6 to 8
Ida B. Wells-Barnett High School
Public - 9 to 12
Winterhaven School
Public - K to 8
Rating
School
Distance
Rieke Elementary School
PublicK to 5

Gray Middle School
Public6 to 8

Ida B. Wells-Barnett High School
Public9 to 12

Winterhaven School
PublicK 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 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 CORE, Realtors

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: 11/09/2021 05:46 PM