4921 Southwest 59th Avenue

Sold 12/16/25
Sold 12/16/25
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Last Sold Price
$1,070,000
7,224 sqft$148/sqft
4921 SW 59th Ave, Portland, OR 97221

Description

Must-See Investment Property! 1-7 Units This fantastic opportunity features 7 units, each taxed individually, and is being sold all together. Currently, 3 units are vacant and ready for a new buyer to either prepare for individual sale or rent as investment units. All units feature fireplaces, 2 bedrooms, 1.5 baths, with balconies off the living areas and upper bedrooms. Each unit is equipped with gas furnaces and includes two storage sheds on the back balconies. W/D hook ups are in each unit in...Must-See Investment Property! 1-7 Units This fantastic opportunity features 7 units, each taxed individually, and is being sold all together. Currently, 3 units are vacant and ready for a new buyer to either prepare for individual sale or rent as investment units. All units feature fireplaces, 2 bedrooms, 1.5 baths, with balconies off the living areas and upper bedrooms. Each unit is equipped with gas furnaces and includes two storage sheds on the back balconies. W/D hook ups are in each unit in upper bathroom. The property backs up to trees and a neighboring yard, offering some privacy and greenery. There is a large parking area to the side of the building, along with street parking and designated spaces for each unit. The property is situated on a quiet end street, adding to its appeal. Don't miss out on this great investment opportunity!
LISTING CLOSED: 12/16/2025 12:00 AM

  1. Listed by Tim Benintendi • Affinity Group, Inc.

Property Details for 4921 Southwest 59th Avenue

Status
Sold
MLS #
225311212
Days on Market
104
Taxes
$19,243 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi Family
Year Built
1981
Lot Size
-
County
Multnomah County
Parking Features
Assigned, Driveway
Zoning
R2
Parking Total
7.00

Recent comparable sales

Median sold price

$999,999

Avg days on market

110

Sale-to-list ratio

92.3%

Portland, OR

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Location

Listing Courtesy of Affinity Group, Inc.

Sold By Rarebird Real Estate

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Building Information for 4921 Southwest 59th Avenue

Stories2Residences7Year Built1981Building Size-Lot Size-

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$7,042 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,439

Property Taxes

$1,604

HOA Dues

$0

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Property Information for 4921 Southwest 59th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: Beaverton Hillsdale, head E to 59th ave, take a left, building on the left side
  • Road Surface: Paved
School Information
  • Elementary School: Bridlemile
  • High School: Ida B Wells
  • Middle Or Junior School: Robert Gray
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $19,243.00
  • Parcel Number: R269301
  • Tax Legal Description: SHANNON COURT CONDOMINIUMS, LOT 1
Property
Lot Information
  • Lot Description: Cul_de_sac, Trees
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Converted
  • Year Built: 1981
Utilities
  • Cooling Description: None
  • Fuel Description: Gas, Wood Burning
  • Heating Description: Floor Furnace
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum, Vinyl Siding
  • Roof Type: Shingle
Interior Features
  • Foundation Details: Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
  • Gross Income Actual: $53,400.00
  • Gross Income Projected: $155,400.00
  • Gross Rent Multiplier: $27.53
  • Net Income Actual: $29,400.00
  • Net Income Projected: 123900
  • Operating Expenses Projected: $31,500.00
  • Operating Expense: $24,000.00
  • Storage: Attached
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • SqFt Approximate Building Total: 7224
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Deck, Fireplace, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 1032.0
  • Unit Type 1 Units Total: 4
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,000
  • Unit Type 2 SqFt: 1032.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Rent: $1,500
  • Unit Type 3 SqFt: 1032.0
  • Unit Type 3 Units Total: 2

Public Records for 4921 Southwest 59th Avenue

Taxable ValueLand-Additions-Total-
Home Facts
Beds0Lot Size13,504 SqFtStyleCondominiumZoningR2,R2CCountyMULTNOMAHAPN1S1E18BA 90000

Schools near 4921 Southwest 59th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Bridlemile Elementary School
Public - K to 5
Gray Middle School
Public - 6 to 8
Ida B. Wells-Barnett High School
Public - 9 to 12
Opal School Of The Portland Children's Museum
Charter - K to 5
Rating
School
Distance
Bridlemile Elementary School
PublicK to 5

Gray Middle School
Public6 to 8

Ida B. Wells-Barnett High School
Public9 to 12

Opal School Of The Portland Children's Museum
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 4921 Southwest 59th Avenue, Portland, OR 97221
$1,070,000
–
–
7,224
–
4921 Southwest 59th Avenue, Unit 2, Portland, OR 97221
$152,857
2
1,032
13,503
4921 Southwest 59th Avenue, Unit 5, Portland, OR 97221
$152,857
2
1,032
13,503
5005 Southwest 59th Avenue, Portland, OR 97221
$349,000
–
–
–
–
5005 Southwest 59th Avenue, Unit 5007, Portland, OR 97221
$349,000
–
4
2,128
5,935
4920 Southwest 59th Avenue, Unit 4938, Portland, OR 97221
–
–
11
9,819
23,900

Explore Nearby Homes

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 Affinity Group, 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: 12/17/2025 02:20 PM