Listing provided courtesy of Realty Marketing / Northwest- MLS# 742052109
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8928 SE RHONE STPortland, OR 97266
Multi-Family · 1,344 Sq. ft. | 0.21 Acres
Active
8928 SE RHONE ST Overview
- Time on Site:
- 69 days
- Visits:
- 1
This duplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and primarily located throughout Southeast and Northeast Portland. The portfolio will be sold via Sealed Bid Auction on June 3, 2026.The property is a leased duplex located at the end of SE Rhone on a 9,010?? sq. ft. lot. Built in 1942, both units feature 2 bedrooms and 1 bathroom and have been well maintained by the seller. There is an opportunity to acquire the adjacent property'also owned by the seller'which includes two leased homes, one vacant studio, and additional land that may support development of a duplex, creating potential for added scale and value. Projected 2026 gross income is $33,060, with real estate taxes of $5,720. Landlord currently pays water, sewer, trash, and landscaping. This offering provides stable in-place income with the potential to expand and enhance long-term returns in a desirable Southeast Portland location.
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8928 SE RHONE ST Facts & Features
- Type Multi-Family
- Sq. ft. 1,344
- Lot 0.21 Acres
Details
General
School Information
- Elementary School: Clark
- Middle Or Junior School: Harrison Park
- High School: Leodis McDaniel
Income/Expenses
- Gross Income: 33060.0
- Net Operating Income: 25317.0
- Operating Expense: 7743.0
Building Information
- Year Built: 1942
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 143 - Portland Southeast
- Subdivision Name: LENTS
Rent/Lease Information
- Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 5720.13
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Contract
- Parcel Number: R249258
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: RM1
Interior
Building Interior
- Building Area Total: 1344.0
General Information
- Heating: Forced Air
- Stories: 1
Exterior
Parking Information
- Parking Features: Driveway,Garage
Lot Information
- Lot Features: Level,Public Road
- Lot Size Acres: 0.21
- Lot Size Square Feet: 9147.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
8928 SE RHONE ST Neighborhood
Community
97266 (PORTLAND) Demographics
37
Median Age
6,074
Population Density (per sq. mile)
34%
College Educated
$59,062
Estimated Median Income
7,421
Estimated Total Home Owners
6,018
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8928 SE RHONE ST Monthly Cost
8928 SE RHONE ST Market Data
Based on the last 30 days in this zip code
$443,055
Average List Price
$273
Average Price per Square Foot
20
Properties Sold
92
Average Days on Market
147
Properties for Sale
8928 SE RHONE ST History
| Date | Value | Agent |
|---|---|---|
| 4/21/2026Source: Regional MLS | April 21, 2026 |