4038 Multnomah St
Portland, OR 97232
3 bd 1 ba 1,177 sqft Built 1973 Lot 6,534 sqft single_family
Most recent sale
$650,000
May 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 25, 2025 | Sold | $660,000 | RMLS |
| May 6, 2022 | Sold | $650,000 | MLS #22167395 |
| Apr 7, 2022 | Listed | $650,000 | MLS #22167395 |
| Jul 6, 2016 | Sold | $443,780 | MLS #16212929 |
| Jun 2, 2016 | Listed | $470,000 | MLS #16212929 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $273,930 | $7,381 |
| 2024 | — | — | $273,930 | $7,115 |
| 2023 | — | — | $245,740 | $6,511 |
| 2022 | — | — | $238,590 | $6,370 |
| 2021 | — | — | $203,600 | $5,504 |
| 2020 | — | — | $197,680 | $5,050 |
| 2019 | — | — | $191,920 | $4,864 |
| 2018 | — | — | $212,000 | $5,371 |
| 2017 | — | — | $205,830 | $5,148 |
| 2016 | — | — | $192,550 | $4,539 |
| 2015 | — | — | $186,950 | $4,420 |
| 2014 | — | — | $181,510 | $4,354 |
| 2013 | — | — | $176,230 | $4,253 |
| 2012 | — | — | $171,100 | $3,847 |
| 2011 | — | — | $166,120 | $3,702 |
| 2010 | — | — | $161,290 | $3,513 |
| 2009 | — | — | $156,600 | $3,421 |
| 2008 | — | — | $152,040 | $3,228 |
| 2007 | — | — | $147,620 | $3,219 |
Property facts
Year built
1973
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,177 sqft
Lot size
6,534 sqft
ZIP code
97232
City
Portland
Street
Multnomah St
Coordinates
45.53145, -122.62144
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,354
Gross rental yield
4.35%
Implied cap rate
2.82%
Trend-extrapolated value
—
Frequently asked questions
When did 4038 Multnomah St last sell?
4038 Multnomah St most recently sold on May 6, 2022 for $650,000.
What is the current tax assessment for 4038 Multnomah St?
The most recent total assessment for 4038 Multnomah St (year 2025) is $273,930 with $7,381 in property tax.
How does 4038 Multnomah St's assessment compare to its last sale price?
The current assessment is 57.9% below the last sale price of $650,000.
When was 4038 Multnomah St built?
4038 Multnomah St was built in 1973.
How does 4038 Multnomah St compare to others on Multnomah St?
We track 8 other properties on Multnomah St. Browse the list under "Other properties on Multnomah St" to compare beds, baths, and sale history.
What are the property facts for 4038 Multnomah St?
4038 Multnomah St is a 3 bed, 1 bath, 1,177 sqft, 6,534 sqft lot single_family.
Is 4038 Multnomah St a flip candidate?
No — 4038 Multnomah St does not appear in our flips dataset.
Is 4038 Multnomah St a tax-appeal candidate?
No — 4038 Multnomah St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.2%
Implied 1-yr
+8.6%
2026 Q3
$1.28M
2026 Q4
$1.28M
ZIP 97232 — Median Price History + Forecast
Explore nearby
Geography
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