8821 SE RHONE ST, Portland, OR 97266 | MLS #222148169 | Berkshire Hathaway HomeServices Northwest Real Estate

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Listing provided courtesy of Realty Marketing / Northwest- MLS# 222148169MLS Provider

8821 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
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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
Calculations provided by Reliance Network

8821 SE RHONE ST History

Date Event Value Agent
6/16/2026Source: Regional MLS Status Change
Pending
5/11/2026Source: Regional MLS Added to Database
May 11, 2026