10 months on rocket

11940 SE Ash St, Portland, OR, 97216

$2,065,000

Home List Price

$10,000*

Closing Credit

0 Baths
10,320 SqFt
$200/SqFt
House
Schools Nearby

Location

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11940 SE Ash St, Portland$2,065,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built2009
HeatingWall Furnace
CoolingNone
MLS #23142727
StatusActive

About 11940 SE Ash St

The Ash Street Apartments represent a unique opportunity to acquire a centrally located asset in the well performing Hazelwood neighborhood of Southeast Portland. The property was built in 2009, and is comprised of 12 large 2br/1ba units each at approximately 860 sq. ft. All units feature open floor plans with modern finishes, large kitchens, and full-size washer/dryer hook ups located in a dedicated laundry room. The property has operated with historically low vacancy, and the SE Portland sub-market continues to show stability for 2br/1ba floor plans (with a vacancy average of 4.4% reported in the Spring of 2023). The property has been well cared for, with extensive capital improvements & unit upgrades in recent years, but still presents an owner with a significant value add opportunity on the operations side by raising rents to market levels. The current average in place rent is approximately 15% below market, providing an owner with a realistic path to work up to market rents over the first few years of ownership. A rare opportunity to acquire a newer vintage, pride of ownership property, with operational value add.

Property Details

Property Features

Property Information:

  • Year Built: 2009
  • Stories: 3
  • Living Area: 10,320 SqFt

Listing Office:

  • Office Name: Joseph Bernard LLC
  • Office Phone: (503) 546-9390
  • Listing Agent: Phillip Barry

Exterior Features

Parking Information:

  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • David Douglas High School, Public District Grades 9-12
  • Floyd Light Middle School, Public District Grades 6-8
  • Ventura Park Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: SE Ash St/SE 119th Ave. Refer to Google Maps.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,065,000
  • Price Per SqFt: $200/SqFt

Tax Information:

  • Annual Amount: $10,983
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Portland, OR.

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Portland, OR

City

Med. Sold Price

$539.4K

Med. Price/SqFt

$314

Avg. Days On Market

44

# of Sold Homes

611

11940 SE Ash St vs Portland

311 DAYS ON ROCKET

+267 Days

$2,065,000

+$1.5M More

$200/SqFt

-$114 Less

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $114/SqFt less than other homes in Portland, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #23142727

Listing Office:

  • Office Name: Joseph Bernard LLC
  • Office Phone: (503) 546-9390
  • Listing Agent: Phillip Barry

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 4:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 24, 2018Home Sold
$1,675,000
Jun 08, 2016Home Sold
$1,365,000
Jul 21, 2006Home Sold
$115,000
Nov 23, 2004Home Sold
$65,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,983$506,320
2018$10,305$477,270
2017$9,925$463,370

History based on county public records data.

Payment Calculator

$10.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,257

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2395114
4
/10

  • Ventura Park Elementary School

  • 145 SE 117th Ave

  • 0.21 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2395115
5
/10

  • Floyd Light Middle School

  • 10800 SE Washington St

  • 0.64 miles

  • Public District Grades 6-8

High School

school-card-donut-2395116
5
/10

  • David Douglas High School

  • 1001 SE 135th Ave

  • 0.74 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,916. The most common annual income of people living in Portland, OR is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 11940 SE Ash St

What is the listing price of this property?

The listing price of 11940 SE Ash St property is $2,065,000.

What type of property is this?

The property 11940 SE Ash St is a house located in Portland, Oregon, 97216.

Is this property for sale now?

Active Listing: 11940 SE Ash St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 11940 SE Ash St are:
Ventura Park Elementary School: GreatSchools Rating 4/10
Floyd Light Middle School: GreatSchools Rating 5/10
David Douglas High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $10,983 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 24, 2018 for $1,675,000. (source: MLS/tax record).

What is the square footage of this property?

The property 11940 SE Ash St is 10,320 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 11940 SE Ash St is 2009.

Rocket Homes›Oregon›Multnomah County›Portland›97216›11940 SE Ash St

This home is located at 11940 SE Ash St in Portland, OR and zip code 97216 in the East Portland neighborhood. This 10,320 square foot home was built in 2009. It has been listed on Rocket Homes since June 21, 2023 and is currently priced at $2,065,000.

In March 2024, from all listings sold in Portland, OR there were more than 245 sold above asking price, over 217 sold below and more than 149 were sold right at the asked price. In March 2024 in Portland, OR there were 8% more homes for sale than in February 2024. While the average time on the market in March 2024 was 44 days, the median list price was $539,441.

From Rocket Homes Real Estate and based on county public records data.

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