Incredible opportunity to own a cash flowing fourplex in the Williams corridor. Walk distance to New Seasons, restaurants, coffee shops, major employers. Easy access to freeways and public transportation.
Multi-familyProperty Type
2012Year Built
$313Est. Price/Sq.Ft.
Listed by Benjamin Ficker• Equity Pacific Real Estate LLC
Bought with Melisse DeLaMare• Windermere Realty Trust
Fully leased 6 cap 4-plex just steps to Mississippi District & Williams Corridor! Low maintenance new construction, each unit incl slab granite, SS appliances, wash/dry, tiled baths, private storage, & rear patio. Double masters in each unit. Bottom units are ADA. Commercial fire sprinkler system for lower insurance. Easy access to bus & freeway. New Seasons around the corner! Excellent rental area w/ upside potential!
Public Records
Jul 19, 2010
Sold
$83,000
$24/sq ft
Public Records
Jun 21, 2007
Sold
$50,000
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,463 (+3.7%)
2024
$13,943 (+4.0%)
2023
$13,408 (+2.2%)
2022
$13,117 (+1.7%)
2021
$12,895 (+9.0%)
2020
$11,830 (+3.8%)
2019
$11,395 (+3.0%)
2018
$11,060 (+4.3%)
2017
$10,600 (+9.3%)
2016
$9,700 (+2.7%)
2015
$9,445 (+1.5%)
2014
$9,303 (+2.4%)
2013
$9,087 (+49.9%)
2012
$6,061
Tax history for 348 N Ivy St
Year
Property tax
Land + Additions
Assessment*
2025
$14,463 (+3.7%)
2024
$13,943 (+4.0%)
2023
$13,408 (+2.2%)
2022
$13,117 (+1.7%)
2021
$12,895 (+9.0%)
2020
$11,830 (+3.8%)
2019
$11,395 (+3.0%)
2018
$11,060 (+4.3%)
2017
$10,600 (+9.3%)
2016
$9,700 (+2.7%)
2015
$9,445 (+1.5%)
2014
$9,303 (+2.4%)
2013
$9,087 (+49.9%)
2012
$6,061
*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
8
Stories
—
Lot width
—
Lot depth
—
Lot size
3,940 Sq. Ft.
Year renovated
2012
Sq. Ft.
3,408
Year built
2012
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R257836
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
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
Nov 8, 2021 • Final
Mechanical
Install a new ductless mini-split system.
HVAC
Sep 26, 2013 • Final
Fire systems
Fire sprinkler
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
Interior
Appliances
Hot Water Description: Electricity
Interior Features
Storage: Individual Storage Units, Locked
Basement: Crawl Space
Multi Unit Information
# Of Units Total: 4
Unit Information
Unit Type: 1, 2, 3, 4
Unit Type 1 Information
Actual Rent: $1,700
Area: 852
Baths Total: 2
Beds Total: 2
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,600
Area: 852
BathsTotal: 2
Beds Total: 2
Units Total: 1
Unit Type 3 Information
Actual Rent: $1,600
Area: 852
Baths Total: 2
Beds Total: 2
Units Total: 1
Unit Type 4 Information
Actual Rent: $1,700
Area: 852
Baths Total: 2
Beds Total: 2
Units Total: 1
Exterior
Exterior Features
Roof: Composition
Exterior Description: Cement Siding, Lap Siding
Lot Information
Lot Size Range: 3,000 to 4,999 SqFt
Lot Size: 3,000 to 4,999 SqFt
Parcel Number: R257836
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Approximately
Security Features: Fire Sprinkler System
View YN: No
Building Information
Year Built: 2012
Building Area Total: 3,408
Financial
Tax Information
Tax Year: 2020
Tax Legal Description: RIVERVIEW SUB, BLOCK 1, LOT 9 EXC PT IN ST
Tax Annual Amount: $11,830
Rent Information
Rent Includes: Sewer, Water
Lease / Rent Information
CAP Rate: 5.47
Gross Rent Multiplier: 13.89
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Wall Furnace
Cooling YN: No
Location
School Information
Elementary School: Boise-Eliot
Middle Or Junior School: Harriet Tubman
High School: Grant
High School 2: Jefferson
Location Information
Directions: N Fremont - S on N Vancouver - W on N Ivy - 348
Unparsed Address: 348 N IVY ST, Portland, OR 97227
Community Information
Zoning: R1a
Public facts
Beds: —
Baths: 8.0
Sq. Ft.: 3,408
Stories: —
Lot Size: 3,940 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 2012
Year Renovated: 2012
County: Multnomah County
APN: R257836
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Boise-Eliot Elementary School
Public PreK-5 • Assigned • 0.1mi
7/10
Harriet Tubman Middle School
Public 6-8 • Assigned • 0.5mi
8/10
Jefferson 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
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° 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 • 97227
Average low and high temperatures (°F)
47
36
50
38
57
44
65
46
70
51
76
55
81
59
82
63
76
58
63
49
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.5 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.01M – $1.23M
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