PRICE REDUCED! **Prime Investment Opportunity in Portland!** 8244 NE Multnomah St, Portland, OR 97220 Attention investors!Cash Only. This 1912 cottage, situated on a generous 5,650 sq. ft. lot, offers incredible potential for development or renovation. With 2 bedrooms (1 possibly non-conforming), 1 bathroom, and a deep 1-car detached garage, this property is the perfect canvas for your next project.Featuring vinyl windows and siding, plus partial basement storage under the house, the groundwork is already in place. Surrounded by newer homes, this property presents an excellent opportunity to increase its value in a growing neighborhood. convenient to public transportation and I-84, this home is in a prime spot for commuters, making it even more attractive for rental or resale. Don’t miss out on this fixer with tons of upside!
2 years ago• May not reflect the current state of the home
Maxwell Waker
Redfin Associate agent
Sale history for 8244 NE Multnomah St
Date
Event
Price
RMLS #24539876
Sep 12, 2025
Sold
$250,000
$403/sq ft
Aug 30, 2025
Pending
—
Aug 6, 2025
Price Changed
$249,900
$403/sq ft
Jun 17, 2025
Price Changed
$259,900
$419/sq ft
Apr 15, 2025
Relisted
—
Apr 11, 2025
Pending
—
Mar 14, 2025
Relisted
—
Mar 14, 2025
Price Changed
$269,900
$435/sq ft
Feb 17, 2025
Pending
—
Jan 9, 2025
Price Changed
$279,900
$451/sq ft
Oct 3, 2024
Listed
$299,999
$484/sq ft
Public Records
Apr 30, 1999
Sold
$92,500
$149/sq ft
Public Records
Jul 6, 1994
Sold
$25,000
$40/sq ft
Public Records
Jan 29, 1992
Sold
$25,000
$40/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,824 (+3.7%)
2024
$2,723 (+4.0%)
2023
$2,618 (+2.2%)
2022
$2,562 (+1.7%)
2021
$2,519 (+9.0%)
2020
$2,310 (+3.8%)
2019
$2,226 (+3.0%)
2018
$2,160 (+4.3%)
2017
$2,071 (+9.3%)
2016
$1,894 (+2.7%)
2015
$1,845 (+1.5%)
2014
$1,817 (+2.4%)
2013
$1,775 (+10.5%)
2012
$1,606 (+3.9%)
2011
$1,545 (+5.4%)
2010
$1,467 (+2.7%)
2009
$1,428
Tax history for 8244 NE Multnomah St
Year
Property tax
Land + Additions
Assessment*
2025
$2,824 (+3.7%)
2024
$2,723 (+4.0%)
2023
$2,618 (+2.2%)
2022
$2,562 (+1.7%)
2021
$2,519 (+9.0%)
2020
$2,310 (+3.8%)
2019
$2,226 (+3.0%)
2018
$2,160 (+4.3%)
2017
$2,071 (+9.3%)
2016
$1,894 (+2.7%)
2015
$1,845 (+1.5%)
2014
$1,817 (+2.4%)
2013
$1,775 (+10.5%)
2012
$1,606 (+3.9%)
2011
$1,545 (+5.4%)
2010
$1,467 (+2.7%)
2009
$1,428
*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
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
5,662
Year renovated
2025
Sq. Ft.
620
Year built
1912
Style
Single Family Residential
County
Multnomah County
APN
R205446
Parking Spaces
1
Basement
Yes
Accessible
Yes
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Oct 19, 2025.
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.