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8923 SE Reedway St, Portland, OR 97266

Multi FamilyProperty Type
1910Year Built

Description

This Lents Neighborhood home has more to offer than a large back yard, it also has an ADU! Great income opportunity, with Unit A being 4 bed, 2.5 bath, wood floors, daylight, vaulted ceilings, and a den. Unit B offers a 2 bed, 1 bath, breakfast nook, & utility room. The units share a water meter but have separate electric meters, laundry, & parking. Reserve your tour today! Open house wednesday 1/13 4pm-6pm.This Lents Neighborhood home has more to offer than a large back yard, it also has an ADU! Great income opportunity, with Unit A being 4 bed, 2.5 bath, wood floors, daylight, vaulted ceilings, and a den. Unit B offers a 2 bed, 1 bath, breakfast nook, & utility room. The units share a water meter but have separate electric meters, laundry, & parking. Reserve your tour today! Open house wednesday 1/13 4pm-6pm.
  • Listed by: Mark Charlesworth • Keller Williams PDX Central
Listing closed: 02/16/2021 12:00 AM • Source: RMLS, MLS#: 21033847
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Recent comparable sales

Median sold price

$475,000

Avg days on market

61

Sale-to-list ratio

95.6%

Portland, OR

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Location

Listing Courtesy of Keller Williams PDX Central

Sold By Living Room Realty

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$3,261 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,808

Property Taxes

$453

HOA Dues

$0

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Property Information for 8923 Southeast Reedway Street

Property Details

  • Taxes: $5,437 / year
  • MLS Type: Multi Family
  • Subdivision: LENTS
  • Zoning: RM2

Building Information

  • Residences: 2
  • Year Built: 1910

Summary

Location and General Information
  • Country: US
  • Directions: Foster/92nd
  • Road Surface: Paved
School Information
  • Elementary School: Lent
  • High School: Franklin
  • Middle Or Junior School: Lent
Parking
  • Attached Garage: No
Taxes and HOA
  • FIRPTA: No
  • Tax Year: 2019
  • Tax Deferral: No
  • Tax Annual Amount: $5,437.39
  • Parcel Number: R115539
  • Tax Legal Description: BERNHARDT PK, BLOCK 2, W 40' OF LOT 6, E 10.6' OF LOT 7
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No

Property

Lot Information
  • 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: Approximately
  • Year Built: 1910
  • Property Attached: No
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Trash Collection
Green Features
  • Green Certification: No

Interior and Exterior Features

Exterior Features
  • Exterior Description: Cedar, Shingle Siding
Interior Features
  • View Y/N: No
  • Cooling: No
  • Heating: Yes

Multi Family

Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $38,338.00
  • Gross Rent Multiplier: $13.54
  • Net Income Actual: $31,439.00
  • Operating Expense: $6,899.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
Unit 1 Information
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Beds Total: 4
  • Unit Type 1 Features: Range, Refrigerator, Washer Dryer, Window Coverings
  • Unit Type 1 Rent: $1,995
  • Unit Type 1 SqFt: 941.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator, Washer Dryer, Window Coverings
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 800.0
  • Unit Type 2 Units Total: 1

Schools near 8923 Southeast Reedway Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Lent Elementary School
PublicK to 5

Kellogg Middle School
Public6 to 8

Franklin High School
Public9 to 12

Portland Arthur Academy Charter School
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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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 Keller Williams PDX Central

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 06:03 PM