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Sold on 03/25/2024
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522 N Adair St, Cornelius, OR 97113

$366,000

Last sold 03/25/2024 for $2.79M

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    bed

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    bath

Multi-family not for sale
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About 522 N Adair St

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 1 Acre
Movoto estimate
Rental estimate
Property description
DO NOT DISTURB TENANTS!!! Interior showings subject to acceptable offer. Management on-site. Property includes 6 tax lots, almost two acres. Two tax lots are include 6 units between N Adair and Baseline. Four tax lots are the corner of N Adair & 4th include 21 units. Opportunity to increase number of units available.
Listed by
Listing Agent - Peter Jameson
Listing Office - J Residential Properties
Source: RMLS mls logo
MLS#24267281 • last updated 2 years ago
Movoto checked RMLS for data 3 minutes ago
Overview
Cooling/AC None
Heating Baseboard
MLS # 24267281
Type Multi Family
Status Sold
Lot Size (SqFt) 43560
Lot Size (Acres) 1
Property Tax 16918.76
Year Built 1977
Exterior
Roof Composition
# Parking Spaces 50
Exterior Features Cedar, Lap Siding
Lot Desc Corner Lot, Level, On Busline
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Washington
Community Features Laundry
Area 152 - Hillsboro, Forest Grove
Elementary School Cornelius
Middle School Neil Armstrong
High School Forest Grove
Zoning C2-A2
Directions N Adair St And 4th Ave
APN R751528
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 1
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 3
Unit Type 2: Total Baths 1
Unit Type 1: Rent 850
Unit Type 2: Rent 925
Total # of Units 27
Gross Rent Multiplier 12.46
Operating Expense Scheduled 65000
Net Operating Income 186732
Operating Expense 54000
Gross Scheduled Income 374400
Gross Income 240732
Cap Rate 6.22
Net Scheduled Income 309400
Lot/ Land Details
Road Surface Gravel, Paved
$366K
Range: $300K-$431K
Last 30 days 
Rental est.: $1,395/month
Gross rent multiplier: 166.8
  • Jun 2024
    mls logo MLS # 24267281
  • Jun 22, 2024 Sold
    $2,792,500 (-6.9%)
  • Apr 9, 2024 Pending
    —
  • Feb 5, 2024 Listed
    $3,000,000
  • Year Property taxes Tax assessment
  • 2024
    $2,097 +9.5%
    $113,750 +3.0%
  • 2023
    $1,915 +12.9%
    $110,440 +2.99%
  • 2022
    $1,697 +1.2%
    $107,230 +3.0%
  • 2021
    $1,676 +0.4%
    $104,110 +3.0%
  • 2020
    $1,670 +2.2%
    $101,080 +3.0%
  • 2019
    $1,634 +3.2%
    $98,140 +2.99%
  • 2018
    $1,584 +3.2%
    $95,290 +2.99%
  • 2017
    $1,534 +2.9%
    $92,520 +2.99%
  • 2016
    $1,491 +6.3%
    $89,830
  • 2015
    $1,403
    —
  • 522 N Adair St
    $2.79M
  • 152 - Hillsboro, Forest Grove
    —
  • 97113
    $549K 0% y/y
  • Cornelius
    $549K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Cornelius Elementary School
public Grades PK, K-4
Forest Grove School District 15
2/10
Neil Armstrong Middle School
public Grades 7-8
Forest Grove School District 15
6/10
Forest Grove High School
public Grades 9-12
Forest Grove School District 15
Source: GreatSchools.org © 2026. All rights reserved.

Around 152 - Hillsboro, Forest Grove

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