1129 SW GAINES ST
Portland, OR, 97239 $ 2,400,000
Bedrooms2 Baths1.0 Sq 8,472 Monthly Estimate*
$ 14,973
for $2,400,000 with 2 bedrooms and 1 full bath. This 8,472 square foot home was built in 1999 on a lot size of 0.24.
Introducing the Marquam Trail 8-Plex Apartments located at 1129 SW Gaines Street, Portland, OR 97239. This charming property boasts 1999 construction with a new 2023 roof by Interstate Roofing, ensuring durability and protection for years to come. Each of the eight 2-bedroom, one-bath units features an in-unit full-size washer and dryer, air conditioning/heat pump, and a private patio or balcony, offering modern convenience and comfort to residents. Unique amenities include controlled access to the common area unit entry, 8 carports with extra tandem off-street parking space, a rare find in the OHSU Pill Hill area. Residents also enjoy large lockable storage units in front of each carport. An Owner/Manager may enjoy the dedicated Maintenance-Work Room. Don't miss this opportunity on pill hill by OHSU Marquam Campus, with all the jobs and medical students. The Marquam Trails 8-Plex is nestled in a prime location, offering a front-row seat to Portland's largest employer, OHSU.OHSU has established itself as Portland's largest employer and as a statewide economic powerhouse. OHSU operations generate, directly and indirectly, $7.2 billion a year in total gross economic output in Oregon. OHSU's total economic impact grew 196% percent from 2007 to 2019. OHSU supports 42,639 jobs, both at OHSU and in the community. With a significant economic impact and over 42,000 jobs at OHSU, this area is a hub of growth and opportunity. Located in the sought-after Homestead neighborhood on Marquam Hill, by OHSU's medical school and two renowned hospitals, the Oregon Health & Science University Hospital and Doernbecher Children's Hospital. Additionally, a third hospital is connected from OHSU by a skybridge to the Portland Veterans Affairs Medical Center hospital that has approximately 656 employees as of January 2024.
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FeaturesGeneralSewer PublicSewer
Heating WallFurnace
Cooling WallUnit
Roof Composition
Zoning R1
Garage Spaces 0
Security Features Entry
Year Built 1999
Stories Count 2
Tax Year 2025
Parcel Number R247178
Gross Income 183720.0
Community Features AllLandscaping
County Multnomah
Net Operating Income 108384.0
Operating Expense 66150.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions SW 11th AVE/OHSU Marquam Hill Campus AKA PILL HILL
High School Lincoln
City Portland
Disclosures Disclosure
Number Of Units Total 8
MLS Area _148
Lot Size Square Feet 10454.0
Listing Terms Cash
Elementary School Ainsworth
Tax Annual Amount 31953.95
Middle/Junior High School West Sylvan
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PORTLAND CITY HMSTD BLOCK 47 W 10' OF LOT 1 LOT 5&6
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InteriorBasement PartiallyFinished
Storage IndividualStorageUnits
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit Type UnitTypeType1
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ExteriorParking Features Covered
Lot Features Secluded
Water Source PublicWater
Total Parking 8.0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 8472.0
Lot Size Acres 0.24
Road Surface Type Paved
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* Excluded FeaturesList Byinfo@realtynetllc.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,973
- Monthly Property Taxes
- $2,663
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,401,485
Percent of Sale Price 42%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949242 Elementary School
1948992 Middle School
Lincoln High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/21/2025 | $2,400,000 | | Listed Price |