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Listing provided courtesy of ERA Freeman & Associates- MLS# 480727364MLS ProviderContact Information: 503-665-3144

5628 SE 87TH AVEPortland, OR 97266

Multi-Family · 0.32 Acres
$999,000 Pending

5628 SE 87TH AVE Overview

Time on Site:
286 days
Visits:
10

Very convenient location. Minutes to I-205 and MAX station.6 units were built in 1996 with an older home in the middle. All units are occupied except one unit that is vacant recently. The property needs some updates. Great opportunity for contractors or investors.

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5628 SE 87TH AVE Facts & Features

  • Type Multi-Family
  • Lot 0.32 Acres

Details

General

School Information

  • Elementary School: Lent
  • Middle Or Junior School: Kellogg
  • High School: Franklin

Income/Expenses

  • Gross Income: 95028.0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 17111.42
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R231151
  • Property Condition: Approximately
  • Property Type: Multi Family
  • Zoning: R1

Interior

General Information

  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Off Site,On Street

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.32
  • Lot Size Square Feet: 13939.0
  • Road Surface Type: Concrete
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 7
  • Sewer: Public Sewer

5628 SE 87TH AVE Neighborhood

Community

97266 (Portland) Demographics

37
Median Age
6,074
Population Density (per sq. mile)
34%
College Educated
$59,062
Estimated Median Income
7,421
Estimated Total Home Owners
6,018
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5628 SE 87TH AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5628 SE 87TH AVE Market Data

Based on the last 30 days in this zip code

$442,581
Average List Price
$273
Average Price per Square Foot
21
Properties Sold
93
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

5628 SE 87TH AVE History

Date Event Value Agent
6/25/2026Source: Regional MLS Status Change
Pending
2/3/2026Source: Regional MLS Price Reduction
$999,000 -9.2%
9/16/2025Source: Regional MLS Added to Database
September 16, 2025