Listing provided courtesy of Realty Marketing / Northwest- MLS# 222148169
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Request Info8821 SE RHONE STPortland, OR 97266
Multi-Family · 0.42 Acres
Pending
8821 SE RHONE ST Overview
- Time on Site:
- 49 days
- Visits:
- 0
This property includes two single family homes (8821 and 8827 SE Rhone Street)and is being offered as part of a 13-property, 43-unit residential portfolio that is 98% leased. The portfolio is being sold via Sealed Bid Auction on June 3, 2026. These two small homes are located on a 18,445?? Sq. Ft. tax lot and share an access drive. Both homes are in fair condition and provide opportunity to redevelop the entire parcel with up to 8 units, based on zoning.Home at 8821 SE Rhone is 2 bedroom 1 bath. Home at 8827 is 3 bedroom 1 bath. Both tenants have been leasing for 4 years. Projected gross 2026 income is $34,620. Real estate taxes are $4,916. Landlord pays for trash. Bids due June 3, 2026.
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8821 SE RHONE ST Facts & Features
- Type Multi-Family
- Lot 0.42 Acres
Details
General
School Information
- Elementary School: Clark
- Middle Or Junior School: Harrison Park
- High School: Leodis McDaniel
Income/Expenses
- Gross Income: 34620.0
- Net Operating Income: 29219.0
- Operating Expense: 5401.0
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: Trash Collection
Tax Information
- Tax Annual Amount: 4916.08
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Owner Will Carry
- Parcel Number: R249252
- Property Condition: Unknown
- Property Type: Multi Family
- Zoning: RM1
Interior
General Information
- Cooling: None
- Heating: Forced Air
- Stories: 1
Exterior
Parking Information
- Parking Features: Driveway
Lot Information
- Lot Features: Level,Public Road
- Lot Size Acres: 0.42
- Lot Size Square Feet: 18295.0
- Road Surface Type: Gravel
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
8821 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.8821 SE RHONE ST Monthly Cost
8821 SE RHONE ST Market Data
Based on the last 30 days in this zip code
$442,581
Average List Price
$273
Average Price per Square Foot
21
Properties Sold
93
Average Days on Market
145
Properties for Sale
8821 SE RHONE ST History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: Regional MLS | Pending |
|
| 5/11/2026Source: Regional MLS | May 11, 2026 |