2524 Southwest Spring Garden Street

Sold 3/4/22
Sold 3/4/22
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Sold
Last Sold Price
$556,400
3,106 sqft
2524 SW Spring Garden St, Portland, OR 97219
Multi FamilyProperty Type
1919Year Built
$179/sq ftPrice per sq ft

Description

Investors, great opportunity to own a completely remodeled, fully leased Triplex in Multnomah neighborhood. All 3 units were remodeled in 2018 down to the studs: new electrical, insulation, plumbing, drywall, windows, flooring, custom cabinetry, quartz counters, solid wood doors, fixtures, bathrooms-tile flooring & showers w/glass doors. SS appliances in each unit: gas stove, refrigerator & dishwasher. Sep meters for gas & elec. 30yr roof installed 2020. Shared washer/dryer & storage in basementInvestors, great opportunity to own a completely remodeled, fully leased Triplex in Multnomah neighborhood. All 3 units were remodeled in 2018 down to the studs: new electrical, insulation, plumbing, drywall, windows, flooring, custom cabinetry, quartz counters, solid wood doors, fixtures, bathrooms-tile flooring & showers w/glass doors. SS appliances in each unit: gas stove, refrigerator & dishwasher. Sep meters for gas & elec. 30yr roof installed 2020. Shared washer/dryer & storage in basement
  • Listed by: Brian Eustis • Premiere Property Group, LLC
Listing closed: 03/04/2022 12:00 AM • Source: RMLS, MLS#: 21566959
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Location

Listing Courtesy of Premiere Property Group, LLC

Sold By Paris Group Realty LLC

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$3,352 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,875

Property Taxes

$477

HOA Dues

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Property Information for 2524 Southwest Spring Garden Street

Property Details
  • Taxes: $5,719 / year
  • MLS Type: Multi Family
  • County: Multnomah County
  • Subdivision: MULTNOMAH
  • Zoning: CE
Building Information
  • Stories: 3
  • Residences: 3
  • Year Built: 1919
Summary
Location and General Information
  • Country: US
  • Directions: SW Barbur Blvd to SW Spring Garden St & SW 24th Ave
School Information
  • Elementary School: Maplewood
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson
Parking
  • Attached Garage: No
Taxes and HOA
  • FIRPTA: No
  • Tax Year: 2020
  • Tax Deferral: No
  • Tax Annual Amount: $5,719.24
  • Parcel Number: R211284
  • Tax Legal Description: MADISON VILLA, LOT 16 TL 7500
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No
Property
Lot Information
  • Lot Description: Corner Lot
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1919
  • Property Attached: No
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Green Features
  • Green Certification: No
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Exterior Entry, Partially Finished, Storage Space
  • View Y/N: No
  • Stories: 3
  • Cooling: No
  • Heating: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $39,240.00
  • Gross Rent Multiplier: $14.01
  • Investor Information: According To Owner
  • Net Income Actual: $29,430.00
  • Operating Expense: $9,810.00
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 3106
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator
  • Unit Type 1 Rent: $1,090
  • Unit Type 1 SqFt: 640.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator
  • Unit Type 2 Rent: $1,090
  • Unit Type 2 SqFt: 550.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 0
  • Unit Type 3 Features: Dishwasher, Fireplace, Range, Refrigerator
  • Unit Type 3 Rent: $1,090
  • Unit Type 3 SqFt: 650.0
  • Unit Type 3 Units Total: 1

Property History for 2524 Southwest Spring Garden Street

DateEvent & SourcePriceAppreciation
Mar 16, 2021

Sold (Public Record)

Public Record #1487635411

$556,400

+19.6% / yr

Aug 19, 2016

Sold (Public Record)

Public Record #577199102

$245,000—
DateEvent & SourcePrice
03/16/2021

Sold (Public Record)

Public Record #1487635411

$556,400

+19.6% / yr

08/19/2016

Sold (Public Record)

Public Record #577199102

$245,000

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

Public Records for 2524 Southwest Spring Garden Street

Taxable ValueLand-Additions-Total-
Tax Record2025$6,993 ($583 / month)
Home Facts
Baths3Total Finished SqFt1,878 SqFtAbove Grade Finished SqFt1,878 SqFtStories1Lot Size4,720 SqFtStyleTriplexYear Built1919Year Renovated1919ZoningCECountyMULTNOMAHAPNR211284

Schools near 2524 Southwest Spring Garden Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Maplewood Elementary School
Public - K to 5
Jackson 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
Maplewood Elementary School
PublicK to 5

Jackson 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: 04/25/2023 05:40 PM