INVESTORS, TAKE A LOOK! Total rents for this property are currently at $4010/month, with good payment records. This is an excellent income-producing property with recent updates and solid tenants. Central air, forced air gas heat, vinyl windows, and washer/dryer hookups in each unit. Income figures include professional management fees - manage the property yourself for a higher return on investment! Interior inspection of all units available upon accepted offer. Please do not disturb tenants.
Multi-familyProperty Type
1900Year Built
$144Est. Price/Sq.Ft.
Listed by Molly Webb Thompson• Webb Property Resources
Contact: molly.s.webb@gmail.com
Bought with Dawn Blalack• Keller Williams PDX Central
Can be bought as a package with 623 SW 4th St. RMLS #19681604 $654,900 for both. Cash flow, cash flow, cash flow! Well maintained four-plex. Rents below market levels. Sturdy, solid building. This is what real estate investing is. Interior inspection after an accepted offer. Do NOT disturb the tenants.
RMLS #16497275
Jun 8, 2016
Sold
$205,000
$55/sq ft
Apr 21, 2016
Pending
—
Jan 12, 2016
Listed
$205,000
$55/sq ft
Immaculate 4 plex . Three 3 bedroom, 2 bath, one 2 bedroom, 1.5 baths. Completely updated to code in 2003-insulation, plumbing and electrical. Great investment!!
Public Records
Nov 14, 2000
Sold
$63,100
$17/sq ft
Public Records
Jun 3, 1997
Sold
$32,000
$9/sq ft
Public Records
Mar 3, 1995
Sold
$59,000
$16/sq ft
Public Records
Mar 17, 1993
Sold
$128,000
$34/sq ft
Year
Property tax
Land + Additions
Assessment*
2017
$3,139 (+5.0%)
$19,661 + $144,170
$163,831
2016
$2,990 (+7.3%)
$19,090 + $139,970
$159,060
2014
$2,786 (+0.8%)
$17,990 + $131,950
$149,940
2013
$2,765
$17,470 + $128,110
$145,580
Tax history for 623 SW 4th St
Year
Property tax
Land + Additions
Assessment*
2017
$3,139 (+5.0%)
$19,661 + $144,170
$163,831
2016
$2,990 (+7.3%)
$19,090 + $139,970
$159,060
2014
$2,786 (+0.8%)
$17,990 + $131,950
$149,940
2013
$2,765
$17,470 + $128,110
$145,580
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
11
Baths
5.5
Stories
—
Lot width
—
Lot depth
—
Lot size
5,001 Sq. Ft.
Year renovated
1977
Sq. Ft.
4,113
Year built
1900
Style
Other
County
Umatilla County
APN
110121
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 20, 2020.
R3
High Density Residential Zone
To provide for residential development, at increased densities, offering varying forms of urban living in close proximity to jobs, goods and services. Zoning of land for R-3 shall be based on applicable criteria in the Comprehensive Plan. Within designated Opportunity Areas, the R-3 zone is suitable for urban land uses authorized by a Master Development Plan approved by the City pursuant to the Opportunity Area Subdistrict in Article Overlay Zones.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Parking Features: Open, Paved
Interior
Appliances
Hot Water Description: Electricity, Tank
Interior Features
Storage: None
Basement: Crawl Space, Partial Basement
Exterior
Exterior Features
Roof: Metal
Exterior Description: Vinyl Siding
Lot Information
Lot Size Range: 3,000 to 4,999 SqFt
Lot Size: 3,000 to 4,999 SqFt
Lot Features: Level
Parcel Number: 110121
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Updated/Remodeled
View YN: No
Building Information
Year Built: 1900
Building Area Total: 3,753
Foundation Details: Concrete Perimeter
Financial
Tax Information
Tax Year: 2020
Tax Legal Description: RESERVE ADDITION LOT 185 BLOCK 6
Tax Annual Amount: $3,336.74
Rent Information
Rent Includes: Sewer, Water
Lease / Rent Information
CAP Rate: 5.74
Gross Rent Multiplier: 12.73
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Gas
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Forced Air
Cooling YN: Yes
Cooling: Central Air
Location
Multi Unit Information
# Of Units Total: 4
Unit Information
Unit Type: 1, 2, 3, 4
Unit Type 1 Information
Actual Rent: $1,100
Baths Total: 2
Beds Total: 3
Features: Air Conditioning, Range, Refrigerator, Washer/Dryer Hookup
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,090
BathsTotal: 2
Beds Total: 3
Features: Air Conditioning, Dishwasher, Refrigerator, Washer/Dryer
Units Total: 1
Unit Type 3 Information
Actual Rent: $870
Baths Total: 2
Beds Total: 3
Features: Air Conditioning, Dishwasher, Range, Refrigerator
Units Total: 1
Unit Type 4 Information
Actual Rent: $950
Baths Total: 2
Beds Total: 2
Features: Air Conditioning, Range, Refrigerator, Washer/Dryer
Units Total: 1
School Information
Elementary School: Sherwood Hts
Middle Or Junior School: Sunridge
High School: Pendleton
Location Information
Directions: SW Goodwin Avenue
Unparsed Address: 623 SW 4TH ST, Pendleton, OR 97801
Community Information
Zoning: R3
Public facts
Beds: 11
Baths: 5.5
Sq. Ft.: 4,113
Stories: —
Lot Size: 5,001 square feet
Style: Other
Year Built: 1900
Year Renovated: 1977
County: Umatilla County
APN: 110121
Home facts updated by county records on Feb 20, 2020
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Places
Transit
Pendleton Early Learning Center
Public PreK-K • Assigned • 0.5mi
Sunridge Middle School
Public 6-8 • Assigned • 1.0mi
5/10
Pendleton High School
Public 9-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
9% chance of being in a wildfire in next 30 years
4/10 Heat Factor
6 days above 97° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
8 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Pendleton, OR • 97801
Average low and high temperatures (°F)
42
28
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29
58
38
64
39
74
47
81
54
90
61
88
59
82
54
64
41
50
37
47
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$513,000 – $621,000
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