2 months on rocket

405 NE Mason St, Portland, OR, 97211

$10,268,000

0 Baths
27,240 SqFt
$377/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingCovered, Garage
Year Built2014
HeatingZoned
CoolingENERGY STAR Qualified Equipment, Zoned
ViewCity
MLS #24640157
StatusActive

About 405 NE Mason St

Welcome to the epitome of urban living in this 36-unit apartment complex nestled in the heart of a vibrant North Portland neighborhood. Location is key, and this complex is strategically situated close to public transportation, ensuring easy connectivity to all corners of the city. Residents will find themselves just steps away from an array of shops, trendy eateries, and cultural hotspots. OMSI and MODA Center are just a stone's throw away. Additionally, the proximity to a major employer adds to the allure of this prime location.Each of the 36 units has been meticulously designed to offer a contemporary and comfortable living space. The interior features showcase a harmonious blend of style and functionality, with wood floors adding a touch of warmth to the living areas. Stainless steel appliances in the kitchen provide a sleek and modern aesthetic, while the inclusion of air conditioning ensures year-round comfort.One of the standout features of every unit is the convenience of having a Washer & Dryer within the living space. Residents can enjoy the luxury of doing laundry without leaving the comfort of their home, adding to the overall appeal and practicality of these units.Large windows not only frame scenic views of the surrounding neighborhood but also contribute to a sense of spaciousness, natural light floods in making these apartments feel like true urban sanctuaries.Beyond the residential units, the complex features two retail spaces, offering additional revenue potential or the chance to curate a vibrant community hub within the property. This property is part of a portfolio known for its impressive almost 100% occupancy rates. Acquiring a piece of this portfolio presents a rare opportunity to tap into a consistent and reliable income.Please reach out today for more information. We look forward to discussing this with you.

Property Details

Property Features

Property Information:

  • Year Built: 2014
  • Stories: 5
  • Living Area: 27,240 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
  • Flooring Type: Hardwood

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Attached Garage: No
  • Parking: Covered, Garage

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Zoned
  • Cooling: ENERGY STAR Qualified Equipment, Zoned

School Info

Assigned Schools Information:

  • Jefferson High School, Public District Grades 9-12
  • Grant High School, Public District Grades 9-12
  • Boise-Eliot / Humboldt STEAM School, Public District Grades PK-8

Other

Directions Information:

  • Directions: N Albert St, NE MLK Jr Blvd, NE Prescott, NE Grand Ave, NE Mason St

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,268,000
  • Price Per SqFt: $377/SqFt

Tax Information:

  • Annual Amount: $75,981
  • 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

405 NE Mason St vs Portland

87 DAYS ON ROCKET

+43 Days

$10,268,000

+$9.7M More

$377/SqFt

+$63 More

KEY TAKEAWAY

This property is $9.7M more than the Median Sold Price and $63/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: #24640157

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, 8:25:19 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

Apr 20, 2016Home Sold
$8,300,000
Nov 01, 2013Home Sold
$399,900
Dec 02, 2005Home Sold
$18,000

Tax History

YEARPROP. TAXASSESSMENT
2020$75,981$2,974,160
2018$69,896$2,758,550
2017$66,990$2,678,210

History based on county public records data.

Payment Calculator

$51.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$30.8K

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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-2577621
1
/10
  • Boise-Eliot / Humboldt STEAM School

  • 620 N Fremont St

  • 0.40 miles

  • Public District Grades PK-8

High School

school-card-donut-2577622
4
/10
  • Jefferson High School

  • 5210 N Kerby Ave

  • 0.48 miles

  • Public District Grades 9-12

school-card-donut-2577623
9
/10
  • Grant High School

  • 2245 NE 36th Ave

  • 2.33 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,000. Typical income of Portland, OR residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 405 NE Mason St

What is the listing price of this property?

The listing price of 405 NE Mason St property is $10,268,000.

What type of property is this?

The property 405 NE Mason St is a house located in Portland, Oregon, 97211.

Is this property for sale now?

Active Listing: 405 NE Mason 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 405 NE Mason St are:
Boise-Eliot / Humboldt STEAM School: GreatSchools Rating 1/10
Jefferson High School: GreatSchools Rating 4/10
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 $75,981 (source: MLS/based on county public records data).

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

The last sale was on April 20, 2016 for $8,300,000. (source: MLS/tax record).

What is the square footage of this property?

The property 405 NE Mason St is 27,240 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 405 NE Mason St is 2014.
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Rocket Homes›Oregon›Multnomah County›Portland›97211›405 NE Mason St

This home is located at 405 NE Mason St in Portland, OR and zip code 97211 in the Boise neighborhood. This 27,240 square foot home was built in 2014. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $10,268,000.

While more than 245 listings in Portland, OR in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 217 were sold below. The number of listings in Portland, OR increased by 8% between February 2024 and March 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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