1508 Southwest Dewitt Street

Sold 12/5/25
Sold 12/5/25
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Sold
Last Sold Price
$1,450,000
5,647 sqft
1508 SW Dewitt St, Portland, OR 97239
Multi FamilyProperty Type
1967Year Built
$257/sq ftPrice per sq ft

Description

Attention investors! You won't want to miss this rare opportunity in SW to own 12 units with many long-term tenants. This property includes 8 apartment units and two duplexes. Seven of the apartments are 1 bed/1 bath, the last apartment is a 2 bed/1 bath and there is a community laundry room for those units. The two sets of duplexes are each 2bed/2bath with w/d hookup. This well-maintained complex is located across from Dewitt Park and the fire station and is very close by shopping and freeway access....Attention investors! You won't want to miss this rare opportunity in SW to own 12 units with many long-term tenants. This property includes 8 apartment units and two duplexes. Seven of the apartments are 1 bed/1 bath, the last apartment is a 2 bed/1 bath and there is a community laundry room for those units. The two sets of duplexes are each 2bed/2bath with w/d hookup. This well-maintained complex is located across from Dewitt Park and the fire station and is very close by shopping and freeway access. You won't want to miss this opportunity!
  • Listed by: Janelle Angel-Ramirez • Premiere Property Group, LLC
  • Listed by: Greg Whistler • Premiere Property Group, LLC
Listing closed: 12/05/2025 12:00 AM • Source: RMLS, MLS#: 591480080

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Listing Courtesy of Premiere Property Group, LLC

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$9,798 per month

30 year fixed, 7.03% Interest

Principal and Interest

$7,741

Property Taxes

$2,057

HOA Dues

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Property Information for 1508 Southwest Dewitt Street

Property Details
  • Taxes: $24,684 / year
  • MLS Type: Multi Family
  • County: Multnomah County
  • Subdivision: Dewitt Apartments
  • Parking Features: Assigned, Guest
  • Zoning: r2d
  • Garage Spaces: .00
Building Information
  • Stories: 2
  • Residences: 12
  • Year Built: 1967
Summary
Location and General Information
  • Country: US
  • Directions: capitol hwy to sunset blvd to sw dewitt
  • Road Surface: Paved
School Information
  • Elementary School: Rieke
  • High School: Ida B Wells
  • Middle Or Junior School: Robert Gray
Taxes and HOA
  • Tax Annual Amount: $24,684.19
  • Parcel Number: R328632
  • Tax Legal Description: SECTION 16 1S 1E, TL 10500 0.55 ACRES
Property
Lot Information
  • Lot Description: Gentle Sloping, Private Road
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Restored
  • Year Built: 1967
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Gas, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
  • Gross Income Actual: $152,656.00
  • Gross Rent Multiplier: $11.79
  • Investor Information: According To Owner, Leases, Rent Records
  • Net Income Actual: $43,688.00
  • Operating Expense: $108,968.00
  • Security Features: None
  • Storage: Individual Storage Units
  • Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
  • Common Amenities: All Landscaping, Commons, Laundry
  • SqFt Approximate Building Total: 5647
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: Disposal, Range, Refrigerator
  • Unit Type 1 Rent: $1,037
  • Unit Type 1 SqFt: 648.0
  • Unit Type 1 Units Total: 3
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Disposal, Range, Refrigerator
  • Unit Type 2 Rent: $1,366
  • Unit Type 2 SqFt: 710.0
  • 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: Disposal, Range, Refrigerator
  • Unit Type 3 Rent: $926
  • Unit Type 3 SqFt: 648.0
  • 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 Rent: $0
  • Unit Type 4 SqFt: 648
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Disposal, Range, Refrigerator
  • Unit Type 5 Rent: $1,275
  • Unit Type 5 SqFt: 648.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Disposal, Range, Refrigerator
  • Unit Type 6 Rent: $1,350
  • Unit Type 6 SqFt: 648.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 2
  • Unit Type 7 Baths Decimal: 1.10
  • Unit Type 7 Beds Total: 2
  • Unit Type 7 Features: Dishwasher, Disposal, Range, Washer Dryer Hookup
  • Unit Type 7 Rent: $1,575
  • Unit Type 7 SqFt: 1036
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 2
  • Unit Type 8 Baths Decimal: 1.10
  • Unit Type 8 Beds Total: 2
  • Unit Type 8 Features: Dishwasher, Disposal, Range, Washer Dryer Hookup
  • Unit Type 8 Rent: $1,750
  • Unit Type 8 SqFt: 1036.0
  • Unit Type 8 Units Total: 1
Unit 9 Information
  • Unit Type 9 Baths Total: 2
  • Unit Type 9 Baths Decimal: 1.10
  • Unit Type 9 Beds Total: 1
  • Unit Type 9 Features: Dishwasher, Disposal, Range, Washer Dryer Hookup
  • Unit Type 9 Rent: $1,720
  • Unit Type 9 SqFt: 1036.0
  • Unit Type 9 Units Total: 1
Unit 10 Information
  • Unit Type 10 Baths Total: 2
  • Unit Type 10 Baths Decimal: 1.10
  • Unit Type 10 Beds Total: 2
  • Unit Type 10 Features: Dishwasher, Disposal, Range, Washer Dryer Hookup
  • Unit Type 10 Rent: $1,750
  • Unit Type 10 SqFt: 1036.0
  • Unit Type 10 Units Total: 1

Schools near 1508 Southwest Dewitt 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
Portland Village School
Charter - 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

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 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 Premiere Property Group, LLC

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: 12/08/2025 01:12 PM