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$345,000
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Property Description
This duplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and primarily located throughout Southeast and Northeast Portland. The portfolio will be sold via Sealed Bid Auction on June 3, 2026.The property is a leased duplex located at the end of SE Rhone on a 9,010± sq. ft. lot. Built in 1942, both units feature 2 bedrooms and 1 bathroom and have been well maintained by the seller. There is an opportunity to acquire the adjacent property-also owned by the seller-which includes two leased homes, one vacant studio, and additional land that may support development of a duplex, creating potential for added scale and value. Projected 2026 gross income is $33,060, with real estate taxes of $5,720. Landlord currently pays water, sewer, trash, and landscaping. This offering provides stable in-place income with the potential to expand and enhance long-term returns in a desirable Southeast Portland location.
Full Property Details
Full Property Details for 8928 SE Rhone St
General
- Sold For: $345,000
- Taxes: $5,720 (2025)
- Status: Sold
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 742052109
- Added to Site: 129 day(s) ago
Rental Information
- Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Parking
- Parking Features: Driveway, Garage
Location
- County: Multnomah
- Subdivision: LENTS
- Driving Directions: End of 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
- Stories/Levels: 1
- Square Feet: 1,344
- Year Built: 1942
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,147
- Lot Size: 7, 000 to 9, 999 SqFt
- Frontage: Paved
- Lot Features: Level, Public Road
Financial Considerations
- Operating Expenses: $7,743
- Tax Amount: $5,720.13
- Tax Year: 2025
- Terms: Cash, Contract
Disclosures and Reports
- Disclosures/Reports: Disclosure
- Property ID: R249258
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 8928 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 8928 SE Rhone St
Date
Details
Price
Change
Source
8/07/2026
Sold
$345,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8928 SE Rhone St, Portland, OR 97266 (MLS# 742052109) is a Multi-Family property that was sold at $345,000 on August 07, 2026. Want to learn more about 8928 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.

