Quadplex in Hawthorne neighborhood two blocks off SE Hawthorne Blvd. Very well maintained property that has multiple updates done to it. Newer roof, remodeled bathrooms in multiple units, large upstairs 3 bedroom unit, new PEX plumbing, and large storage space in basement with on-site CoinMeter laundry! 100% occupied. Write offers subject to interior inspection. DO NOT DISTURB TENANTS!
Historic Craftsman style 5 plex in the heart of trendy Hawthorne/Richmond neighborhood. 2 Blk's to vibrant shops, cafes, theater, grocery, bus line, walk to everything! But located on quiet, peaceful street. Large yard. Lots of historic charm. Off street parking w/ long driveway & 2 car park pad, plenty of free street parking. 3 -1 bed units, 1 studio, 1- 2 bed unit plus unfinished 1314 SF (not incl in list SF) ground level basement for pos future develop? Current cap rate 6.5%, room for upside! Legal 5 plex, gas & electric metered separately. Would make great investment, owner occupied, Airbnb?? Seller is licensed Oregon Broker.
Year
Property tax
Land + Additions
Assessment*
2025
$7,040 (+3.7%)
2024
$6,787 (+4.0%)
2023
$6,526 (+2.2%)
2022
$6,385 (+1.7%)
2021
$6,277 (+9.0%)
2020
$5,758 (+3.8%)
2019
$5,547 (+3.0%)
2018
$5,384 (+4.3%)
2017
$5,160 (+9.3%)
2016
$4,722 (+2.7%)
2015
$4,598 (+1.5%)
2014
$4,529 (+2.4%)
2013
$4,424 (+10.5%)
2012
$4,002 (+3.9%)
2011
$3,851 (+5.4%)
2010
$3,654 (+2.7%)
2009
$3,559
Tax history for 3741 SE Market St
Year
Property tax
Land + Additions
Assessment*
2025
$7,040 (+3.7%)
2024
$6,787 (+4.0%)
2023
$6,526 (+2.2%)
2022
$6,385 (+1.7%)
2021
$6,277 (+9.0%)
2020
$5,758 (+3.8%)
2019
$5,547 (+3.0%)
2018
$5,384 (+4.3%)
2017
$5,160 (+9.3%)
2016
$4,722 (+2.7%)
2015
$4,598 (+1.5%)
2014
$4,529 (+2.4%)
2013
$4,424 (+10.5%)
2012
$4,002 (+3.9%)
2011
$3,851 (+5.4%)
2010
$3,654 (+2.7%)
2009
$3,559
*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
5
Baths
5
Stories
2
Lot width
50 ft.
Lot depth
90 ft.
Lot size
4,500 Sq. Ft.
Year renovated
1906
Sq. Ft.
2,908
Year built
1906
Style
Other
County
Multnomah County
APN
R157077
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
R2.5
Residential 2,500 zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Permitted uses
Include but are not limited to:
Housing
Feb 10, 2010 • Final
Commercial building
Roofing
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: Off Street, Paved
Parking Total: 2
Interior
Appliances
Hot Water Description: Gas
Interior Features
Storage: Basement
Basement: Storage Space
Exterior
Exterior Features
Roof: Composition
Exterior Description: Stone, Wood 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
Parcel Number: R157077
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: 1906
Building Area Total: 2,908
Foundation Details: Concrete Perimeter
Financial
Tax Information
Tax Year: 2024
Tax Legal Description: ELSMERE, BLOCK 2, LOT 8
Tax Annual Amount: $6,787.02
Lease / Rent Information
CAP Rate: 6.19
Gross Rent Multiplier: 12.58
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Gas
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Wall Furnace, Zoned
Cooling YN: No
Location
Multi Unit Information
# Of Units Total: 4
Unit Information
Unit Type: 1, 2, 3, 4
Unit Type 1 Information
Actual Rent: $1,025
Area: 500
Baths Total: 1
Units Total: 1
Unit Type 2 Information
Actual Rent: $956
Area: 600
BathsTotal: 1
Beds Total: 1
Units Total: 1
Unit Type 3 Information
Actual Rent: $1,495
Area: 600
Baths Total: 1
Beds Total: 1
Units Total: 1
Unit Type 4 Information
Actual Rent: $1,995
Area: 1,208
Baths Total: 2
Beds Total: 3
Units Total: 1
School Information
Elementary School: Abernethy
Middle Or Junior School: Hosford
High School: Cleveland
Location Information
Directions: Hawthorne, South on SE 37th, East on SE Market St
Unparsed Address: 3741 SE MARKET ST, Portland, OR 97214
Community Information
Zoning: R5
Public facts
Beds: 5
Baths: 5.0
Sq. Ft.: 2,908
Stories: 2.0
Lot Size: 4,500 square feet
Style: Other
Year Built: 1906
Year Renovated: 1906
County: Multnomah County
APN: R157077
Home facts updated by county records on Oct 5, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Abernethy Elementary School
Public K-5 • Assigned • 1.3mi
10/10
Hosford Middle School
Public 6-8 • Assigned • 0.7mi
8/10
Cleveland High School
Public 9-12 • Assigned • 1.1mi
7/10
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, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97214
Average low and high temperatures (°F)
47
37
50
38
57
44
65
46
71
50
77
55
83
59
83
63
77
58
63
49
53
44
51
43
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
$889,000 – $1.08M
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