This home's estimate is 41% higher than the average sale price ($407K) of 6 comparable homes.
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15650 SE Stark St, Portland, OR 97233
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About this home
Investor-ready duplex offering strong value-add potential. Each unit features 3 bedrooms and 2.5 baths with spacious primary suite, private fenced yard, and dedicated single-car garage—an ideal setup for long-term tenant retention. Well-equipped kitchens include range, dishwasher, microwave hood, refrigerator, and washer/dryer hookups; one unit currently includes a washer and dryer. Rents are historically below market with reliable long-term tenants in place, presenting an excellent opportunity to increase cash flow. Current rent comparisons support potential rents of approximately $2,295 per unit per month. Please do not disturb tenants. Seller holds an active Real Estate License in OR.

Redfin Estimate
Market trends in Centennial, OR
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- NEW 12 HRS AGO
- OPEN SUN, 11AM TO 1PM$435,0003 beds2 baths1,450 sq ft1905 SE 154th Ave, Portland, OR 97233Susannah Nord • Windermere Realty Trust
- NEW 27 HRS AGO$349,9003 beds3 baths1,066 sq ft16954 SE Ankeny St, Portland, OR 97233Josh Hackenjos • LUXE Forbes Global Properties
- NEW 34 HRS AGO$369,8003 beds1 bath895 sq ft14316 SE Harrison St, Portland, OR 97233Selina Klein • Berkshire Hathaway HomeServices NW Real Estate
- OPEN SAT, 12PM TO 2PM$424,9003 beds1 bath1,008 sq ft15532 SE Lincoln St, Portland, OR 97233Jorge Bentura • Century 21 North Homes Realty
- $374,5002 beds2 baths719 sq ft18149 SE Pine St, Portland, OR 97233Jennifer Weitzel • Better Homes & Gardens Realty
- 3D WALKTHROUGH$425,0003 beds1 bath1,178 sq ft611 SE 146th Ave, Portland, OR 97233Dale Carstensen • Urban Nest Realty
- $425,0003 beds1 bath1,072 sq ft17114 SE Madison St, Portland, OR 97233Stephanie Peck • eXp Realty, LLC
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Sale and tax history for 15650 SE Stark St
- Sale History
- Tax History
$188/sq ft
$209/sq ft
$215/sq ft
Public record
- Public record
- Zoning
- Permits
RM1
H
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.- Aircraft Landing Zone
Include but are not limited to:
- Housing
- Housing-Group
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
Grading
Perform paving, stormwater disposal, and common site utility work. Complete landscaping and all other associated site improvements.
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
- Parking Information
- Parking Features: Driveway, Garage
- Parking Total: 2
- Garage Information
- Garage Spaces: 2
Interior
- Appliances
- Hot Water Description: Gas
- Interior Features
- Storage: Garage(s)
- Basement: Crawl Space
- Multi Unit Information
- # Of Units Total: 2
- Unit Information
- Unit Type: 1
- Unit Type 1 Information
- Actual Rent: $1,650
- Area: 1,532
- Baths Total: 3
- Beds Total: 3
- Features: Dishwasher, Microwave, Range, Refrigerator
- Units Total: 2
Exterior
- Exterior Features
- Roof: Composition
- Exterior Description: Cement Siding
- Lot Information
- Lot Size Square Feet: 4,356
- Lot Size Range: 3,000 to 4,999 SqFt
- Lot Size Acres: 0.1
- Lot Size: 3,000 to 4,999 SqFt
- Lot Features: Level, On Busline
- Parcel Number: R645040
- Road Surface Type: Paved
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Approximately
- View YN: No
- Building Information
- Year Built: 2010
- Building Area Total: 3,064
- Foundation Details: Concrete Perimeter
Financial
- Tax Information
- Tax Year: 2025
- Tax Legal Description: PARTITION PLAT 2011-43, LOT 2
- Tax Annual Amount: $7,075.08
- Rent Information
- Rent Includes: Trash Collection
- Lease / Rent Information
- CAP Rate: 3.74
- Gross Rent Multiplier: 16.93
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: Parklane
- Middle Or Junior School: Oliver
- High School: Centennial
- Location Information
- Directions: 157th & Stark
- Unparsed Address: 15650 SE STARK ST, Portland, OR 97233
- Community Information
- Zoning: RM1
Public facts
- Beds: —
- Baths: 5.0
- Sq. Ft.: 3,064
- Stories: —
- Lot Size: 4,507 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 2010
- Year Renovated: 2010
- County: Multnomah County
- APN: R645040
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
Public K-5 • Assigned • 0.3mi
Public 9-12 • Assigned • 2.0mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 92° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
23 unhealthy days expected this year, 27 days in 30 years
Sun exposure
Good sunlight
SunscoreThis home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes






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Home values near 15650 SE Stark St
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1070 Sq. Ft. | $382,409 |
3 Beds | 1 Baths | 888 Sq. Ft. | $410,274 |
| Address | Redfin Estimate |
|---|---|
6 Beds | 5 Baths | 2219 Sq. Ft. | $584,580 |
- Beds | - Baths | 1584 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 796 Sq. Ft. | $363,848 |
4 Beds | 2 Baths | 2144 Sq. Ft. | $422,001 |
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