OFF MARKET

Off market jun 2025 for $880K

—

Est. refi paymentEst. refi $5,298/mo

•

5 ba

•

3,256

sq ft

5429 SE Rhone St, Portland, OR 97206

About this home

inspection issues that caused the prior transaction to fall apart have been addressed, call for details. Paying renters are in place and units are in good condition!Well maintained 5-plex in Foster Powell! Great rental history and maintenance history. Only a couple blocks from the "carts on Foster" food carts and other coffee shops. Four similar units and one larger two level unit. Property is pretty turnkey, just step right in as the new owner! Photos are of one unit but are representative of all the units, all are in similar condition. Not all commercial lenders are the same, names of lenders are on file of several with unique qualifying criteria.

Multi-familyProperty Type

1965Year Built

4,791 sq ftLot Size

$270Price/Sq.Ft.

8 spacesParking

Listed by Ward Spears • Eleete Real Estate

Listed by Rebecca Lee • Keller Williams Premier Partners

Bought with Mark Dale • Urban Pacific Real Estate

Redfin checked: 9 minutes ago

•Source:RMLS #23298140

Redfin Estimate

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

Market trends in Southeast Uplift, OR

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

101.1%

0.1% MoM

Median sale price

$530K

$20K MoM

Avg. days on market

14d

2 days MoM

Recently sold homes

508

64 MoM

New listings for sale

OPEN SAT, 11AM TO 1PM
$750,000
4 beds2 baths2,268 sq ft
5424 SE Reedway St, Portland, OR 97206
Toni Mikel • Bluebird Real Estate
OPEN SUN, 12PM TO 2PM
$393,000
3 beds2 baths1,116 sq ft
8540 SE 66th Ave, Portland, OR 97206
Jordan McAllister • MORE Realty
OPEN SAT, 12PM TO 2PM
$399,900
3 beds1 bath936 sq ft
8101 SE 57th Ave, Portland, OR 97206
Bonnie Roseman • Living Room Realty
$424,900
3 beds1 bath1,100 sq ft
4141 SE 80th Ave, Portland, OR 97206
Stephen Campbell • Premiere Property Group, LLC
$560,000
2 beds1 bath1,204 sq ft
5732 SE Lexington St, Portland, OR 97206
Benson Bui • Real Broker
3D WALKTHROUGH
$650,000
4 beds2 baths2,460 sq ft
4404 SE 42nd Ave, Portland, OR 97206
Quinn Irvine • MORE Realty
OPEN SAT, 12PM TO 2PM
$415,000
2 beds2 baths900 sq ft
8035 SE 60th Ave, Portland, OR 97206
Erika George • Living Room Realty
3D WALKTHROUGH
$590,867
2 beds2 baths2,103 sq ft
2930 SE 51st Ave, Portland, OR 97206
Patricia Savage • Premiere Property Group, LLC
VIDEO TOUR
$392,000
1 bed1 bath783 sq ft
4237 SE 76th Ave, Portland, OR 97206
Eric Cavanaugh • Nurture Realty, LLC
$365,000
2 beds3 baths1,027 sq ft
7424 SE 51st Ave, Portland, OR 97206
Stephanie Peck • eXp Realty, LLC
See all

Provided by Redfin

Sale history for 5429 SE Rhone St

Date

Event

Price

RMLS #23298140

Jun 18, 2025

Sold

$880,000

$270/sq ft

Aug 26, 2024

Price Changed

$880,000

$270/sq ft

Aug 13, 2024

Relisted

—

Aug 5, 2024

Pending

—

Jun 12, 2024

Relisted

—

Mar 20, 2024

Pending

—

Mar 11, 2024

Price Changed

$915,000

$281/sq ft

Jan 24, 2024

Relisted

—

Jan 16, 2024

Pending

—

Jan 7, 2024

Price Changed

$929,000

$285/sq ft

Nov 15, 2023

Relisted

—

Nov 15, 2023

Contingent

—

Nov 8, 2023

Pending

—

Jul 21, 2023

Listed

$925,000

$284/sq ft

Tax history for 5429 SE Rhone 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

5,000 Sq. Ft.

Year renovated

1965

Sq. Ft.

3,299

Year built

1965

Style

Other

County

Multnomah County

APN

R229051

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 5, 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

Property details

Parking

Parking Information
Parking Features: Paved
Parking Total: 8

Interior

Virtual Tour Information
Virtual Tour Type: Video
Has Virtual Tour Unbranded: Yes

Appliances
Hot Water Description: Electricity

Interior Features
Basement: Crawl Space

Exterior

Exterior Features
Roof: Flat
Exterior Description: Brick, Wood Siding
Unreinforced Masonry Bldg: No

Lot Information
Lot Size Square Feet: 4,791
Lot Size Range: 5,000 to 6,999 SqFt
Lot Size Dimensions: 50x100
Lot Size Acres: 0.11
Lot Size: 5,000 to 6,999 SqFt
Lot Features: Level
Parcel Number: R229051
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: 1965
Building Area Total: 3,256
Foundation Details: Concrete Perimeter

Financial

Tax Information
Tax Year: 2024
Tax Legal Description: OAKDALE, BLOCK 3, LOT 27&28
Tax Annual Amount: $9,473

Rent Information
Rent Includes: Sewer, Trash Collection, Water

Lease / Rent Information
CAP Rate: 5.88
Gross Rent Multiplier: 11.2

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Baseboard, Ceiling
Cooling YN: No

Location

Multi Unit Information
# Of Units Total: 5

Unit Information
Unit Type: 1, 2, 3, 4, 5

Unit Type 1 Information
Actual Rent: $1,450
Area: 800
Baths Total: 1
Beds Total: 2
Features: Deck, Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,250
Area: 600
BathsTotal: 1
Beds Total: 2
Features: Deck, Dishwasher, Refrigerator
Units Total: 1

Unit Type 3 Information
Actual Rent: $1,300
Area: 600
Baths Total: 1
Beds Total: 2
Features: Deck, Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 4 Information
Actual Rent: $1,300
Area: 600
Baths Total: 1
Beds Total: 2
Features: Deck, Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 5 Information
Actual Rent: $1,250
Area: 600
Baths Total: 1
Beds Total: 2
Features: Deck, Dishwasher, Range, Refrigerator
Units Total: 1

School Information
Elementary School: Creston
Middle Or Junior School: Kellogg
High School: Franklin

Location Information
Directions: Foster, North on 54th, Right on Rhone, property on left
Unparsed Address: 5429 SE RHONE ST, Portland, OR 97206

Community Information
Community Features: Laundry
Zoning: RM2

Public facts

Beds: 10
Baths: 5.0
Sq. Ft.: 3,299
Stories: 2.0
Lot Size: 5,000 square feet
Style: Other
Year Built: 1965
Year Renovated: 1965
County: Multnomah County
APN: R229051

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

Creston Elementary School

Public K-5 • Assigned • 0.4mi

9/10

Hosford Middle School

Public 6-8 • Assigned • 1.6mi

8/10

Franklin High School

Public 9-12 • Assigned • 0.4mi

6/10

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, 15 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 • 97206

Average low and high temperatures (°F)

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

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Get a free, detailed breakdown of how we calculated your estimate.

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New listings for sale in 97206

OPEN SAT, 11AM TO 1PM

$750,000

4 beds2 baths2,268 sq ft

5424 SE Reedway St, Portland, OR 97206

Toni Mikel • Bluebird Real Estate

OPEN SUN, 12PM TO 2PM

$393,000

3 beds2 baths1,116 sq ft

8540 SE 66th Ave, Portland, OR 97206

Jordan McAllister • MORE Realty

OPEN SAT, 12PM TO 2PM3D WALKTHROUGH

$399,900

3 beds1 bath936 sq ft

8101 SE 57th Ave, Portland, OR 97206

Bonnie Roseman • Living Room Realty

$424,900

3 beds1 bath1,100 sq ft

4141 SE 80th Ave, Portland, OR 97206

Stephen Campbell • Premiere Property Group, LLC

$560,000

2 beds1 bath1,204 sq ft

5732 SE Lexington St, Portland, OR 97206

Benson Bui • Real Broker

3D WALKTHROUGH

$650,000

4 beds2 baths2,460 sq ft

4404 SE 42nd Ave, Portland, OR 97206

Quinn Irvine • MORE Realty

OPEN SAT, 12PM TO 2PM

$415,000

2 beds2 baths900 sq ft

8035 SE 60th Ave, Portland, OR 97206

Erika George • Living Room Realty

3D WALKTHROUGH

$590,867

2 beds2 baths2,103 sq ft

2930 SE 51st Ave, Portland, OR 97206

Patricia Savage • Premiere Property Group, LLC

VIDEO TOUR

$392,000

1 bed1 bath783 sq ft

4237 SE 76th Ave, Portland, OR 97206

Eric Cavanaugh • Nurture Realty, LLC

Home values near 5429 SE Rhone St

Data from public records.

Address	Redfin Estimate
5505 SE Rhone Street, Portland, OR 3 Beds \| 1 Baths \| 1067 Sq. Ft.	$512,579
5410 SE Rhone Street, Portland, OR 5 Beds \| 1 Baths \| 2106 Sq. Ft.	$447,143

Address	Redfin Estimate
5415 SE Rhone Street, Portland, OR 3 Beds \| 1 Baths \| 2628 Sq. Ft.	$561,037
5416 SE Rhone Street, Portland, OR 4 Beds \| 2 Baths \| 2200 Sq. Ft.	$599,737

Address	Redfin Estimate
5504 SE Rhone Street, Portland, OR 3 Beds \| 2 Baths \| 2552 Sq. Ft.	$637,876
5404 SE Rhone Street, Portland, OR 4 Beds \| 1.5 Baths \| 1848 Sq. Ft.	$499,680

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in Southeast Uplift, OR

Sale history for 5429 SE Rhone St

Tax history for 5429 SE Rhone St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97206

Home values near 5429 SE Rhone St

More real estate resources