9 months on rocket

2955 NE M L King Blvd, Portland, OR, 97212

$3,390,000

0 Baths
9,742 SqFt
$348/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingNone, Street Parking
Year Built2013
HeatingBaseboard
CoolingWall Unit(s)
ViewCity
MLS #23339270
StatusActive

About 2955 NE M L King Blvd

Introducing The Martin Apartments: A Modern Investment Opportunity in the Heart of North Eliot. Discover contemporary living at The Martin Apartments, an exceptional 14-unit complex designed for the discerning investor. Boasting an array of desirable amenities, these apartments offer a sought-after combination of comfort and convenience. Each unit is equipped with in-unit washer and dryers, balconies to enjoy the surrounding views, elegant hardwood floors, efficient dishwashers, and sleek stainless steel appliances.Situated in the vibrant North Eliot neighborhood, this property enjoys proximity to an abundance of local attractions. Within walking distance, residents will find a plethora of shops, eateries, pubs, breweries, big box retail stores, and grocery options. Additionally, the renowned Emanuel Hospital, a significant employer in the Portland area, is just blocks away.Commuting is a breeze, thanks to the property's strategic location along the I-5 corridor, with easy access to I-405, I-84, and Hwy 26. This ensures a swift commute for tenants, offering convenience and saving valuable time. Moreover, the apartments are conveniently positioned on the TriMet bus line 6 Stop ID: 5939, providing effortless connectivity to the extensive mass transportation network throughout Portland.This exceptional investment opportunity includes not only The Martin Apartments but also two other similar buildings, culminating in a total of 41 units. Don't miss your chance to capitalize on this promising venture. For more information, kindly contact our dedicated listing agent.

Property Details

Property Features

Property Information:

  • Year Built: 2013
  • Stories: 2
  • Living Area: 9,742 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Portland Premiere
  • Office Phone: (503) 597-2444
  • Listing Agent: Ramona Locken

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Attached Garage: No
  • Parking: None, Street Parking

Lot Features

Lot Information:

  • Lot: Corner Lot, Level, Trees

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Wall Unit(s)

School Info

Assigned Schools Information:

  • Grant High School, Public District Grades 9-12
  • Irvington Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: MLK BLVD

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,390,000
  • Price Per SqFt: $348/SqFt

Tax Information:

  • Annual Amount: $33,011
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$539.4K

Med. Price/SqFt

$314

Avg. Days On Market

44

# of Sold Homes

611

2955 NE M L King Blvd vs Portland

290 DAYS ON ROCKET

+246 Days

$3,390,000

+$2.8M More

$348/SqFt

+$34 More

KEY TAKEAWAY

This property is $2.8M more than the Median Sold Price and $34/SqFt more 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: #23339270

Listing Office:

  • Office Name: Keller Williams Realty Portland Premiere
  • Office Phone: (503) 597-2444
  • Listing Agent: Ramona Locken

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, 5:25:20 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

Feb 29, 2016Home Sold
$3,000,000
Dec 02, 2011Home Sold
$300,000
Oct 29, 1999Home Sold
$95,000

Tax History

YEARPROP. TAXASSESSMENT
2020$33,011$1,292,150
2018$30,861$1,217,990
2017$29,578$1,182,520

History based on county public records data.

Payment Calculator

$16.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.2K

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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-2429004
3
/10
  • Irvington Elementary School

  • 1320 NE Brazee St

  • 0.55 miles

  • Public District Grades KG-8

High School

school-card-donut-2429005
9
/10
  • Grant High School

  • 2245 NE 36th Ave

  • 1.71 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,543. The majority of Portland, OR residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2955 NE M L King Blvd

What is the listing price of this property?

The listing price of 2955 NE M L King Blvd property is $3,390,000.

What type of property is this?

The property 2955 NE M L King Blvd is a house located in Portland, Oregon, 97212.

Is this property for sale now?

Active Listing: 2955 NE M L King Blvd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2955 NE M L King Blvd are:
Irvington Elementary School: GreatSchools Rating 3/10
Grant High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $33,011 (source: MLS/based on county public records data).

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

The last sale was on February 29, 2016 for $3,000,000. (source: MLS/tax record).

What is the square footage of this property?

The property 2955 NE M L King Blvd is 9,742 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2955 NE M L King Blvd is 2013.
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Rocket Homes›Oregon›Multnomah County›Portland›97212›2955 NE M L King Blvd

This home is located at 2955 NE M L King Blvd in Portland, OR and zip code 97212 in the Eliot neighborhood. This 9,742 square foot home was built in 2013. It has been listed on Rocket Homes since July 13, 2023 and is currently priced at $3,390,000.

Over 245 listings were sold over their listed price in March 2024 in Portland, OR. In the same period over 217 listings were sold below the listed price and 149 listings were sold for the listed 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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