Fantastic invesment opportunity with recent zone change to RM1; can add additional units, buyer to do due diligence. This 4-plex is conveniently located by stores, bank, post office, bus line, and freeway. Oversized single detached garages, individual patios, huge common yard, guest and RV parking, shared laundry room with additional locked storage.
*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
4
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
10,309 Sq. Ft.
Year renovated
1929
Sq. Ft.
1,920
Year built
1929
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R172438
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 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
Jul 19, 2021 • Final
Electrical
Electrical
Mar 12, 2012 • Final
Electrical
Electrical
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: Detached, RV Storage
Interior
Appliances
Hot Water Description: Electricity
Interior Features
Storage: Garage(s), Individual Storage Units
Basement: Crawl Space
Multi Unit Information
# Of Units Total: 4
Unit Information
Unit Type: 1, 2, 3, 4
Unit Type 1 Information
Actual Rent: $870
Area: 480
Baths Total: 1
Beds Total: 1
Features: Range, Refrigerator, Window Coverings
Units Total: 1
Unit Type 2 Information
Actual Rent: $855
Area: 480
BathsTotal: 1
Beds Total: 1
Features: Range, Refrigerator, Window Coverings
Units Total: 1
Unit Type 3 Information
Actual Rent: $860
Area: 480
Baths Total: 1
Beds Total: 1
Features: Range, Refrigerator, Window Coverings
Units Total: 1
Unit Type 4 Information
Actual Rent: $900
Area: 480
Baths Total: 1
Beds Total: 1
Features: Range, Refrigerator, Window Coverings
Units Total: 1
Exterior
Exterior Features
Roof: Composition
Exterior Description: Lap Siding
Unreinforced Masonry Bldg: No
Lot Information
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size: 10,000 to 14,999 SqFt
Lot Features: Level
Parcel Number: R172438
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Existing
View YN: No
Building Information
Year Built: 1929
Building Area Total: 1,920
Foundation Details: Concrete Perimeter
Financial
Tax Information
Tax Year: 2020
Tax Legal Description: GRAND VIEW HTS, BLOCK 7, LOT 4 EXC W 50' OF S 84
Tax Annual Amount: $5,568.27
Rent Information
Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Lease / Rent Information
CAP Rate: 4.65
Gross Rent Multiplier: 14.56
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: Harrison Park
Middle Or Junior School: Harrison Park
High School: Leodis McDaniel
Location Information
Directions: 86th, Powell
Unparsed Address: 8509 SE BUSH ST, Portland, OR 97266
Community Information
Community Features: Commons, Laundry
Zoning: RM1
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 1,920
Stories: 1.0
Lot Size: 10,309 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1929
Year Renovated: 1929
County: Multnomah County
APN: R172438
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
Harrison Park School
Public 6-8 • Assigned • 0.8mi
9/10
Leodis V. McDaniel High School
Public 9-12 • Assigned • 3.2mi
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
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97266
Average low and high temperatures (°F)
48
36
50
37
58
43
66
45
71
49
78
53
84
58
85
61
77
56
63
47
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$595,000 – $721,000
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