These three home are being offered together as part of a 13-property, 43-unit residential portfolio that is 98% leased. Primarily located in Southeast and Northeast Portland, the portfolio is being sold via Sealed Bid Auction on June 3, 2026.All three homes and the vacant land are on a 27,352± Sq. Ft. tax lot. RM1 zoning could allow a duplex on the undeveloped portion of the property so new owner could expand rental income to five units. The small home has been renovated and is currently being used as an office by the Seller. Projected 2026 gross income is $34,860 and could be increased by $1,000± a month with leasing of home currently used as office. Real estate taxes are $8,388. Landlord is responsible for trash.
Multi-familyProperty Type
1942Year Built
0.63 acresLot Size
Listed by John Rosenthal• Realty Marketing / Northwest
* Price is not available or MLS listing is off market.
Year
Property tax
Land + Additions
Assessment*
2025
$8,388 (+3.7%)
2024
$8,087 (+4.0%)
2023
$7,776 (+2.2%)
2022
$7,608 (+1.7%)
2021
$7,479 (+9.0%)
2020
$6,861 (+3.8%)
2019
$6,609 (+3.0%)
2018
$6,415 (+4.3%)
2017
$6,148 (+13.2%)
2016
$5,430 (+4.9%)
2015
$5,178 (+9.7%)
2014
$4,718 (+37.3%)
2013
$3,436 (+10.7%)
2012
$3,104 (−13.9%)
2011
$3,606 (−8.5%)
2010
$3,940 (+0.7%)
2009
$3,914
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
256 ft.
Lot depth
107 ft.
Lot size
0.63 Acres
Year renovated
1942
Sq. Ft.
578
Year built
1942
Style
Single Family Residential
County
Multnomah County
APN
R249259
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 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
Jan 23, 2024 • Active
Zoning
Grading
Mar 5, 2018 • Final
Early assistance
Grading
New construction
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: Carport, Driveway
Interior
Virtual Tour Information
Virtual Tour Type: Video
Has Virtual Tour Unbranded: Yes
Virtual Tour Description: Drone Video
Exterior
Exterior Features
Roof: Composition
Exterior Description: Cement Siding, Lap Siding
Lot Information
Lot Size Square Feet: 27,442
Lot Size Range: 20,000 SqFt to .99 Acres
Lot Size Acres: 0.63
Lot Size: 20,000 SqFt to .99 Acres
Lot Features: Level, Public Road
Parcel Number: R249259
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Existing
View YN: Yes
View Description: Territorial
Building Information
Year Built: 1942
Financial
Tax Information
Tax Year: 2025
Tax Legal Description: POWELL GARDENS, S 1/2 OF LOT 9, LOT 10-12 EXC S 100'
Tax Annual Amount: $8,388.48
Rent Information
Rent Includes: Trash Collection
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Forced Air
Cooling YN: No
Location
Multi Unit Information
# Of Units Total: 3
Unit Information
Unit Type: 1, 2, 3
Unit Type 1 Information
Actual Rent: $1,110
Area: 600
Baths Total: 1
Beds Total: 2
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,795
Area: 700
BathsTotal: 1
Beds Total: 3
Units Total: 1
Unit Type 3 Information
Area: 575
Baths Total: 1
Beds Total: 1
Units Total: 1
School Information
Elementary School: Clark
Middle Or Junior School: Harrison Park
High School: Leodis McDaniel
Location Information
Directions: SE Rhone Street
Unparsed Address: 8818 SE RHONE ST, Portland, OR 97266
Community Information
Zoning: RM1
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 578
Stories: 1.0
Lot Size: 0.63 acres
Style: Single Family Residential
Year Built: 1942
Year Renovated: 1942
County: Multnomah County
APN: R249259
Home facts updated by county records on Aug 17, 2026
Auction Preview 1 End Date: 2026-05-30T12:00:00-07:00
Auction Preview 2 End Date: 2026-05-16T12:00:00-07:00
Auction Location: Sealed Bid Auction
Auction Published Min Bid: 450000
Around this home
Schools
Harrison Park School
Public 6-8 • Assigned • 0.8mi
9/10
Leodis V. McDaniel High School
Public 9-12 • Assigned • 3.3mi
4/10
Provided by GreatSchools
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
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$570,000 – $690,000
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