OFF MARKET

Off market feb 2021 for $1.2M

—

Est. refi paymentEst. refi $8,329/mo

•

8 ba

•

7,128

sq ft

738 SE 148th Ave, Portland, OR 97233

About this home

Offers in hand...donâ€™t.Solid investment opportunity w added value.Oversized .70 acre lot, zoned RMI. 8 units, 100% occupied, remodeled. Newer vinyl windows + sliders, bamboo floors, kitchen + bath fixtures, granite counters. Situated back + away from the road but easily accessible transit. Tenant + guest parking, shared laundry room w/extra income. Add additional value to this 8 plex now or in the future. Zoning allows for additional units to be built on the lot to maximize the assets potential.

Multi-familyProperty Type

1979Year Built

$179Price/Sq.Ft.

Listed by Jeff Capen • Keller Williams PDX Central

Listed by John McClain • Keller Williams PDX Central

Bought with Justine Syck • Premiere Property Group, LLC

Redfin checked: 2 minutes ago

•Source:RMLS #20352391

Redfin Estimate

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

Market trends in Loma Acres, OR

Last updated September 2026

Sale-to-list price

96.8%

3.4% MoM

Median sale price

$435K

$42K MoM

Avg. days on market

143d

69 days MoM

Recently sold homes

1 MoM

New listings for sale

3D & VIDEO TOUR
$350,000
3 beds3 baths1,224 sq ft
853 SE 193rd Ave, Portland, OR 97233
Westley Colebank • Opt
OPEN SUN, 11AM TO 1PM
$435,000
3 beds2 baths1,450 sq ft
1905 SE 154th Ave, Portland, OR 97233
Susannah Nord • Windermere Realty Trust
$349,900
3 beds3 baths1,066 sq ft
16954 SE Ankeny St, Portland, OR 97233
Josh Hackenjos • LUXE Forbes Global Properties
3D WALKTHROUGH
$369,800
3 beds1 bath895 sq ft
14316 SE Harrison St, Portland, OR 97233
Selina Klein • Berkshire Hathaway HomeServices NW Real Estate
OPEN TODAY, 12PM TO 2PM
$424,900
3 beds1 bath1,008 sq ft
15532 SE Lincoln St, Portland, OR 97233
Jorge Bentura • Century 21 North Homes Realty
$374,900
3 beds3 baths1,501 sq ft
50 SE 139th Ave, Portland, OR 97233
Hoi Pham • iStar Realty LLC
$495,000
4 beds2 baths1,754 sq ft
16528 SE Taylor St, Portland, OR 97233
Jennifer Burch • MORE Realty
$374,500
2 beds2 baths719 sq ft
18149 SE Pine St, Portland, OR 97233
Jennifer Weitzel • Better Homes & Gardens Realty
3D WALKTHROUGH
$425,000
3 beds1 bath1,178 sq ft
611 SE 146th Ave, Portland, OR 97233
Dale Carstensen • Urban Nest Realty
$425,000
3 beds1 bath1,072 sq ft
17114 SE Madison St, Portland, OR 97233
Stephanie Peck • eXp Realty, LLC
See all

Provided by Redfin

Sale history for 738 SE 148th Ave

Date

Event

Price

APPFOLIO #1

Apr 8, 2024

Rental Removed

$998

$0/sq ft

Mar 13, 2024

Price Changed

$998

$0/sq ft

Feb 4, 2024

Price Changed

$1,095

$0/sq ft

Dec 13, 2023

Listed for Rent

—

RMLS #20352391

Feb 10, 2021

Sold

$1,275,000

$179/sq ft

Dec 22, 2020

Pending

—

Nov 18, 2020

Listed

$1,250,000

$175/sq ft

RMLS #16489029

Aug 1, 2016

Sold

$995,000

$140/sq ft

Apr 27, 2016

Pending

—

Apr 18, 2016

Listed

$995,000

$140/sq ft

RMLS #14280777

Oct 3, 2014

Sold

$535,000

$75/sq ft

Jun 1, 2014

Pending

—

May 15, 2014

Listed

$569,900

$80/sq ft

Public Records

Jan 27, 2004

Sold

$500,000

$70/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$14,425 (+4.3%)

2024

$13,830 (+4.5%)

2023

$13,240 (+2.5%)

2022

$12,917 (−0.9%)

2021

$13,029 (+12.1%)

2020

$11,618 (+3.9%)

2019

$11,180 (+3.5%)

2018

$10,805 (+3.8%)

2017

$10,410 (+15.8%)

2016

$8,992 (+17.0%)

2015

$7,688 (+10.3%)

$164,600 + $296,420

$461,020

2014

$6,967 (−13.6%)

2013

$8,065 (+6.5%)

2012

$7,573 (−2.0%)

2011

$7,730 (−17.5%)

2010

$9,364 (−1.2%)

2009

$9,479

Tax history for 738 SE 148th Ave

Year

Property tax

Land + Additions

Assessment*

2025

$14,425 (+4.3%)

2024

$13,830 (+4.5%)

2023

$13,240 (+2.5%)

2022

$12,917 (−0.9%)

2021

$13,029 (+12.1%)

2020

$11,618 (+3.9%)

2019

$11,180 (+3.5%)

2018

$10,805 (+3.8%)

2017

$10,410 (+15.8%)

2016

$8,992 (+17.0%)

2015

$7,688 (+10.3%)

$164,600 + $296,420

$461,020

2014

$6,967 (−13.6%)

2013

$8,065 (+6.5%)

2012

$7,573 (−2.0%)

2011

$7,730 (−17.5%)

2010

$9,364 (−1.2%)

2009

$9,479

*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

0.7 Acres

Year renovated

1979

Sq. Ft.

3,366

Year built

1979

Style

Other

County

Multnomah County

APN

R208240

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.

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: Guest, Open

Interior

Appliances
Hot Water Description: Electricity

Interior Features
Basement: Crawl Space

Exterior

Exterior Features
Roof: Composition
Exterior Description: Cedar, T-111 Siding

Lot Information
Lot Size Range: 20,000 SqFt to .99 Acres
Lot Size: 20,000 SqFt to .99 Acres
Lot Features: Commons, Level
Parcel Number: R208240
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: 1979
Building Area Total: 7,128

Financial

Tax Information
Tax Year: 2019
Tax Legal Description: LOMA AC, LOT 14 TL 6400
Tax Annual Amount: $11,180.26

Lease / Rent Information
CAP Rate: 6.42
Gross Rent Multiplier: 10.51

Utilities

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

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

Location

Multi Unit Information
# Of Units Total: 8

Unit Information
Unit Type: 1, 2, 3, 4, 5, 6, 7

Unit Type 1 Information
Actual Rent: $995
Area: 650
Baths Total: 1
Beds Total: 1
Features: Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,145
Area: 832
BathsTotal: 1
Beds Total: 2
Features: Dishwasher, Range, Refrigerator
Units Total: 2

Unit Type 3 Information
Actual Rent: $1,250
Area: 1,050
Baths Total: 1
Beds Total: 3
Features: Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 4 Information
Actual Rent: $1,275
Area: 1,050
Baths Total: 1
Beds Total: 3
Features: Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 5 Information
Actual Rent: $1,148
Area: 832
Baths Total: 1
Beds Total: 2
Features: Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 6 Information
Actual Rent: $1,145
Area: 832
Baths Total: 1
Beds Total: 2
Features: Dishwasher, Range, Refrigerator
Units Total: 1

Unit Type 7 Information
Actual Rent: $939
Area: 1,050
Baths Total: 1
Beds Total: 3
Features: Dishwasher, Range, Refrigerator
Units Total: 1

School Information
Elementary School: Patrick Lynch
Middle Or Junior School: Centennial
High School: Centennial

Location Information
Directions: SE 148th just south of Stark
Unparsed Address: 738 SE 148TH AVE, Portland, OR 97233

Community Information
Community Features: Laundry
Zoning: R3

Public facts

Beds: 10
Baths: 4.0
Sq. Ft.: 3,366
Stories: 2.0
Lot Size: 0.7 acres
Style: Other
Year Built: 1979
Year Renovated: 1979
County: Multnomah County
APN: R208240

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

Parklane Elementary School

Public K-5 • Assigned • 0.5mi

6/10

Centennial High School

Public 9-12 • Assigned • 2.1mi

4/10

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

23 unhealthy days expected this year, 27 days in 30 years

Provided by First Street

Historical weather

Portland, OR • 97233

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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New listings for sale in 97233

3D & VIDEO TOUR

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853 SE 193rd Ave, Portland, OR 97233

In-unit laundry • Garage • Built 2000

Westley Colebank • Opt

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Josh Hackenjos • LUXE Forbes Global Properties

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Selina Klein • Berkshire Hathaway HomeServices NW Real Estate

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Hoi Pham • iStar Realty LLC

$495,000

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Jennifer Burch • MORE Realty

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Jennifer Weitzel • Better Homes & Gardens Realty

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Home values near 738 SE 148th Ave

Data from public records.

Address	Redfin Estimate
731 Southeast 148th Ave, Portland, OR - Beds \| 2 Baths \| 1394 Sq. Ft.	$310,161
828 Southeast 148th Ave, Portland, OR 3 Beds \| 1 Baths \| 1430 Sq. Ft.	$712,415

Address	Redfin Estimate
844 Southeast 148th Ave, Portland, OR 20 Beds \| 12 Baths \| 7600 Sq. Ft.	—
730 Southeast 148th Ave, Portland, OR 8 Beds \| 4 Baths \| 3652 Sq. Ft.	—

Address	Redfin Estimate
818 Southeast 148th Ave, Portland, OR 6 Beds \| 2 Baths \| 1920 Sq. Ft.	—
722 Southeast 148th Ave, Portland, OR 8 Beds \| 4 Baths \| 3652 Sq. Ft.	$726,024

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 Loma Acres, OR

Sale history for 738 SE 148th Ave

Tax history for 738 SE 148th Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97233

Home values near 738 SE 148th Ave

More real estate resources