8821 SE RHONE ST
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8821 SE RHONE ST

Portland, OR, 97266 Bedrooms5 Baths2.0

Monthly Estimate*

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8821 SE RHONE ST, Portland, OR 97266 - Image 1

Multi-Family Home for sale in Portland, OR

with 5 bedrooms and 2 full baths. This home was built in 1942 on a lot size of 0.42.

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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Multi-Family Active

Price

$ 0

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,916

Style

Lot Size

0.42

Year Built

1942

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

222148169
Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling None
Roof Composition
Zoning RM1
Year Built 1942
Stories Count 1
Tax Year 2025
Parcel Number R249252
Gross Income 34620.0
County Multnomah
Net Operating Income 29219.0
Operating Expense 5401.0
Property Type MultiFamily
HOA N
Subdivision Name LENTS
Rent Includes TrashCollection
Status Active
Directions SE 86th Avenue to SE Rhone St
High School Leodis McDaniel
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _143
Lot Size Square Feet 18295.0
Listing Terms Cash OwnerWillCarry
Elementary School Clark
Tax Annual Amount 4916.08
Middle/Junior High School Harrison Park
Property Condition Unknown
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description POWELL GARDENS LOT 5
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Interior
Storage None
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway
Lot Features Level PublicRoad
Water Source PublicWater
Exterior Description WoodSiding
Lot Size Acres 0.42
Road Surface Type Gravel
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Internal Only
Street Number 1 8821
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* Excluded Features
List By
Realty Marketing / Northwest

Broker

colleen@rmnw-auctions.com

Email

Affordability Calculator

$410
Per Month
0%
100%
0%
Monthly Principal & Interest
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Monthly Property Taxes
$410
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4589751 Elementary School
3296986 Middle School
Leodis McDaniel High School High School
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Pricing History
DatePricePrice ChangeDescription
5/12/2026$0 Listed Price

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8821 SE RHONE ST, Portland, OR, 97266 is a Multi-Family Home for sale at $0 with a lot size of 0.42. 8821 SE RHONE ST has 5 bedrooms, 2.0 baths, and was built in 1942. The property's zip code is 97266 which is in Portland, OR

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