Rare investment opportunity! Fantastic location right by OHSU. Eight units each with 2bd/1bath; most with AC; all appliances included. Great tenants and rental history. Newer building. Room for significant rent increases.
1999Year Built
10,500 sq ftLot Size
$248Price/Sq.Ft.
Listed by Peter Kirby• Parker Realty Inc
Bought with John Kennedy• John L Scott WSL
Source:RMLS #13225808
Redfin Estimate
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Rare investment opportunity! Fantastic location right by OHSU. Eight units each with 2bd/1bath; most with AC; all appliances included. Great tenants and rental history. Newer building. Room for significant rent increases.
Year
Property tax
Land + Additions
Assessment*
2025
$31,954 (+3.7%)
2024
$30,805 (+4.0%)
2023
$29,621 (+2.2%)
2022
$28,979 (+1.7%)
2021
$28,489 (+9.0%)
2020
$26,133 (+3.8%)
2019
$25,172 (+3.0%)
2018
$24,432 (+4.3%)
2017
$23,416 (+9.3%)
2016
$21,427 (+7.6%)
2015
$19,915 (+3.8%)
2014
$19,195 (+3.7%)
2013
$18,506 (+5.3%)
2012
$17,570 (+0.6%)
2011
$17,471 (+5.5%)
2010
$16,556 (+2.7%)
2009
$16,117
Tax history for 1129 SW Gaines St
Year
Property tax
Land + Additions
Assessment*
2025
$31,954 (+3.7%)
2024
$30,805 (+4.0%)
2023
$29,621 (+2.2%)
2022
$28,979 (+1.7%)
2021
$28,489 (+9.0%)
2020
$26,133 (+3.8%)
2019
$25,172 (+3.0%)
2018
$24,432 (+4.3%)
2017
$23,416 (+9.3%)
2016
$21,427 (+7.6%)
2015
$19,915 (+3.8%)
2014
$19,195 (+3.7%)
2013
$18,506 (+5.3%)
2012
$17,570 (+0.6%)
2011
$17,471 (+5.5%)
2010
$16,556 (+2.7%)
2009
$16,117
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RM2
Residential Multi-Dwelling 2 zone
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Property details
Interior
Basement Information
Basement Sq. Ft: 2,128
Basement Type: Partial Finished
Bathroom Information
# of Full Baths: 8
Heating & Cooling
Heating Type: Baseboard
Exterior
Exterior Information
Foundation Type: Concrete
Construction Type: Wood
Exterior Wall: Wood
Building Type: Multi Family
Property Information
Subdivision Name: PORTLAND CITY HMSTD
Living Sq. Ft: 8,472
Ground Floor Sq. Ft: 4,148
Building Sq. Ft: 10,424
# of Stories: 2
Legal Description: PORTLAND CITY HMSTD, BLOCK 47, W 10' OF LOT 1, LOT 5&6
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,500
Legal Lot Number: 1
Legal Block Number: 47
Acres: 0.24
Zoning Code: R1
State Use Description: MULTI-FAM,MULTI-FAM,IMPROVED
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 16
Baths: 8.0
Sq. Ft.: 8,472
Stories: 2.0
Lot Size: 10,500 square feet
Style: Other
Year Built: 1999
Year Renovated: 1999
County: Multnomah County
APN: R247178
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
Ainsworth Elementary School
Public K-5 • Assigned • 0.9mi
9/10
West Sylvan Middle School
Public 6-8 • Assigned • 3.4mi
6/10
Lincoln High School
Public 9-12 • Assigned • 1.5mi
8/10
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
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
5 days above 91° expected this year, 10 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97239
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Sun exposure
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