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Sold on 08/05/2022
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2202 Fairview Ave, Fairview, OR 97024

  • $640,000

    Last sold 08/05/2022 after 7 Days

  • —

    bed

  • —

    bath

  • 4,032

    Sqft ($159/Sqft)

Multi-family not for sale
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About 2202 Fairview Ave

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Rental estimate
Property description
Excellent opportunity to purchase an affordable 2-story 4-plex investment property! Great park-like setting has Fairview Creek running through! Excellent location near downtown Fairview, transportation, shopping, Handy Park & Marilyn Park, and Fairview Elementary School. Each unit has its own garage and private backyard area with patio, 2 bedrooms and 1.5 baths each. Many updates including vinyl windows. Fully rented.
Listed by
Listing Agent - Steve Yates
Listing Office - RE/MAX Equity Group
Source: RMLS mls logo
MLS#22452029 • last updated 3 years ago
Movoto checked RMLS for data 8 minutes ago
Overview
Heating Zoned
MLS # 22452029
Type Multi Family
Status Sold
Property Tax 6125.71
Year Built 1974
Exterior
Roof Flat
Exterior Features Brick, Lap Siding
Lot Desc Flood Zone, Private, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Creek/Stream
Waterfront Creek
County Multnomah
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Fairview
Middle School Reynolds
High School Reynolds
Zoning RMF
Directions Between Halsey And Sandy On The East Side Of Fairview Ave.
APN R286840
Multifamily Details
Unit Type 3: Total Baths 2
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 2
Unit Type 2: Total Baths 2
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 1200
Unit Type 4: Rent 1000
Unit Type 3: Rent 1140
Unit Type 2: Rent 1200
Total # of Units 4
Gross Rent Multiplier 13.58
Net Operating Income 41124
Operating Expense 13356
Gross Income 54480
Cap Rate 5.56
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Sep 2022
    mls logo MLS # 22452029
  • Sep 30, 2022 Sold
    $640,000 (-13.5%)
  • Aug 5, 2022 Pending
    —
  • Jul 29, 2022 Listed
    $740,000 (+2.1%)
  • Jun 2022
    mls logo MLS # 22432550
  • Jun 3, 2022 Pending
    —
  • May 28, 2022 Listed
    $725,000
  • 2202 Fairview Ave
    $640K
  • Old Town
    $439K -16% y/y
  • 97024
    $449K -4% y/y
  • Fairview
    $464K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Fairview Elementary School
public Grades K-5
Reynolds School District 7
1/10
Reynolds Middle School
public Grades 6-8
Reynolds School District 7
2/10
Reynolds High School
public Grades 9-12
Reynolds School District 7
Source: GreatSchools.org © 2026. All rights reserved.

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