OFF MARKET

Off market nov 2021 for $835K

—

Est. refi paymentEst. refi $6,463/mo

•

3 ba

•

3,098

sq ft

1241 SW Cheltenham St, Portland, OR 97239

About this home

Turn-key mid-century modern triplex in the heart of Hillsdale. Hardware floors, fireplace, private outdoor spaces, make this property truly unique. Rear unit lives like a house, and is perfect for an owner-occupier. Excellent rental history with professional management. Conveniently located near all that Hillsdale has to offer. Please do not disturb tenants. Write all offers subject to interior inspection. APOD Attached. All owners are licensed real estate agents in the State of Oregon.

Multi-familyProperty Type

1958Year Built

$270Price/Sq.Ft.

Listed by Conor Finlay • CORE, Realtors

Bought with OR and WA Non Rmls • Non Rmls Broker

Redfin checked: a few seconds ago

•Source:RMLS #21182104

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in Hillsdale, OR

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.9%

0.9% MoM

Median sale price

$759K

$29K MoM

Avg. days on market

44d

37 days MoM

Recently sold homes

6 MoM

New listings for sale

$259,900
2 beds2 baths1,126 sq ft
4320 S Corbett Ave #212, Portland, OR 97239
Javier Alomia • Real Broker
3D WALKTHROUGH
$275,000
1 bed1 bath891 sq ft
3601 S River Pkwy #205, Portland, OR 97239
Bradley Thurman • Windermere Realty Trust
$510,000
3 beds2 baths2,385 sq ft
215 SW Hamilton St, Portland, OR 97239
Amber Turner • Think Real Estate
$299,000
1 bed1 bath738 sq ft
5958 S Riveridge Ln, Portland, OR 97239
Sean Besso • MORE Realty
$799,000
3 beds1 bath2,863 sq ft
3507 S Corbett Ave, Portland, OR 97239
Carrie Spurlock • Real Broker
$725,000
2 beds2 baths1,850 sq ft
5630 S Riverside Ln #16, Portland, OR 97239
Jim McCartan • Cascade Hasson Sotheby's International Realty
$1,200,000
6 beds4 baths— sq ft
3417 SW Naito Pkwy, Portland, OR 97239
Douglas Hurlburt • Realty-Match.com
VIDEO TOUR
$869,000
3 beds2 baths2,973 sq ft
1625 SW Westwood Dr, Portland, OR 97239
Jan Stranski, P.C. • Windermere Realty Trust
3D WALKTHROUGH
$1,197,000
3 beds3 baths3,222 sq ft
4321 SW Dosch Rd, Portland, OR 97239
Connor McWilliams • Kelly Right Real Estate of Portland, LLC
$400,000
3 beds3 baths1,712 sq ft
4906 SW 1st Ave, Portland, OR 97239
Jessica Berger • Cascade Hasson Sotheby's International Realty
See all

Provided by Redfin

Sale history for 1241 SW Cheltenham St

Tax history for 1241 SW Cheltenham St

*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
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,000 Sq. Ft.

Year renovated

1958

Sq. Ft.

3,098

Year built

1958

Style

Multi-Family (2-4 Unit)

County

Multnomah County

APN

R328660

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 30, 2026.

RM1

Residential Multi-Dwelling 1 Zone

The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.

Zone overlays

Design Overlay Zone

Permitted uses

Include but are not limited to:

Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior

Property details

Parking

Parking Information
Parking Features: Paved

Interior

Appliances
Hot Water Description: Electricity

Interior Features
Storage: Basement, Garage(s)
Basement: Full Basement

Multi Unit Information
# Of Units Total: 3

Unit Information
Unit Type: 1, 2, 3

Unit Type 1 Information
Actual Rent: $1,895
Baths Total: 1
Beds Total: 2
Features: Disposal, Range, Refrigerator, Washer/Dryer Hookup
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,540
BathsTotal: 1
Beds Total: 2
Features: Hardwood Floors, Range, Refrigerator
Units Total: 1

Unit Type 3 Information
Actual Rent: $1,250
Baths Total: 1
Beds Total: 1
Features: Fireplace, Hardwood Floors, Range, Refrigerator
Units Total: 1

Exterior

Exterior Features
Roof: Composition
Exterior Description: Cement Siding
Unreinforced Masonry Bldg: Unknown

Lot Information
Lot Size Range: 7,000 to 9,999 SqFt
Lot Size: 7,000 to 9,999 SqFt
Lot Features: Level
Parcel Number: R328660
Road Surface Type: Paved

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Existing
View YN: Yes
View Description: City

Building Information
Year Built: 1958
Building Area Total: 3,098
Foundation Details: Concrete Perimeter

Financial

Tax Information
Tax Year: 2020
Tax Legal Description: SECTION 16 1S 1E, TL 10700 0.16 ACRES
Tax Annual Amount: $7,566.30

Rent Information
Rent Includes: Sewer, Trash Collection, Water

Lease / Rent Information
CAP Rate: 4.25
Gross Rent Multiplier: 16.76

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: No

Location

School Information
Elementary School: Rieke
Middle Or Junior School: Robert Gray

Location Information
Directions: From SW Capitol Hwy, North on SW Cheltenham
Unparsed Address: 1241 SW CHELTENHAM ST, Portland, OR 97239

Community Information
Zoning: RM 1

Public facts

Beds: 10
Baths: 3.0
Sq. Ft.: 3,098
Stories: 1.0
Lot Size: 7,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1958
Year Renovated: 1958
County: Multnomah County
APN: R328660

Home facts updated by county records on Oct 30, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

Rieke Elementary School

Public K-5 • Assigned • 0.2mi

10/10

Gray Middle School

Public 6-8 • Assigned • 0.4mi

8/10

Ida B. Wells-Barnett High School

Public 9-12 • Assigned • 0.2mi

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

7 days above 91° expected this year, 14 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

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.6 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

2 hrs

JuneDecember

Provided by Shadowmap

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Home values near 1241 SW Cheltenham St

Data from public records.

Address	Redfin Estimate
1235 SW Cheltenham Street, Portland, OR 3 Beds \| 1 Baths \| 1842 Sq. Ft.	$554,462
1230 SW Cheltenham Street, Portland, OR 2 Beds \| 2.5 Baths \| 1862 Sq. Ft.	$537,005

Address	Redfin Estimate
1225 SW Cheltenham Street, Portland, OR 2 Beds \| 1 Baths \| 891 Sq. Ft.	$474,708
1244 SW Cheltenham Street, Portland, OR - Beds \| - Baths \| - Sq. Ft.	$515,209

Address	Redfin Estimate
1240 SW Cheltenham Street, Portland, OR 3 Beds \| 3 Baths \| 1709 Sq. Ft.	$546,513
1411 SW Dewitt Street, Portland, OR 6 Beds \| 3 Baths \| 2854 Sq. Ft.	$771,855

Property information provided by RMLS when last listed in 2021. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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