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$555,000
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Property Description
These three home are being offered together as part of a 13-property, 43-unit residential portfolio that is 98% leased. Primarily located in Southeast and Northeast Portland, the portfolio is being sold via Sealed Bid Auction on June 3, 2026.All three homes and the vacant land are on a 27,352± Sq. Ft. tax lot. RM1 zoning could allow a duplex on the undeveloped portion of the property so new owner could expand rental income to five units. The small home has been renovated and is currently being used as an office by the Seller. Projected 2026 gross income is $34,860 and could be increased by $1,000± a month with leasing of home currently used as office. Real estate taxes are $8,388. Landlord is responsible for trash.
Full Property Details
Full Property Details for 8818 SE Rhone St
General
- Sold For: $555,000
- Taxes: $8,388 (2025)
- Status: Sold
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 562739450
- Added to Site: 129 day(s) ago
Rental Information
- Rent Includes: Trash Collection
Parking
- Parking Features: Carport, Driveway
Location
- County: Multnomah
- Subdivision: LENTS
- Driving Directions: SE Rhone Street
School Information
- Midd School District: Harrison Park
- Elementary School: Clark
- Middle School: Harrison Park
- High School: Leodis McDaniel
Community
- Community Name: 143 - Portland Southeast
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Roof: Composition
- Year Built: 1942
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.63
- Lot Size (Sq. Ft.): 27,442
- Lot Size: 20, 000 SqFt to .99 Acres
- Lot Features: Level, Public Road
Financial Considerations
- Operating Expenses: $11,051
- Tax Amount: $8,388.48
- Tax Year: 2025
- Terms: Cash, Contract
Disclosures and Reports
- Disclosures/Reports: Disclosure
- Property ID: R249259
Listed by Realty Marketing / Northwest (503) 224-1906, John Rosenthal (800) 845-3524
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls
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Schools
Schools serving 8818 SE Rhone St
School District:Portland School District 1j
| Name | Grades | Distance |
|---|---|---|
Harrison Park School 2225 Southeast 87th Avenue, Portland, OR 97216 | 6-8 | 0.8 mi |
Creative Science School 1231 Southeast 92nd Avenue, Portland, OR 97216 | K-8 | 1.3 mi |
Leodis V. McDaniel High School 3905 Southeast 91st Avenue, Portland, OR 97266 | 9-12 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8818 SE Rhone St
Date
Details
Price
Change
Source
8/07/2026
Sold
$555,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8818 SE Rhone St, Portland, OR 97266 (MLS# 562739450) is a Multi-Family property that was sold at $555,000 on August 07, 2026. Want to learn more about 8818 SE Rhone St? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

