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    1129 SW Gaines St Portland, OR 97239

    For Sale
    $2,400,000

    MULTI_FAMILY - Portland, OR

    Property size:
    8,472 SF
    Lot size:
    0.24 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 1129 SW Gaines St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    2
    APN
    R247178
    Size
    8,472 SF
    Lot size
    0.24 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1999
    Floors in Building
    2
    Number of units
    8
    Roof type
    Composition

    Realty NET (503) 770-0580 [email protected]

    Listing agent Greg Messick (800) 883-6905

    Listing date Nov 20, 2025

    MLS# 136481066 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marquam Trail 8-Plex Apartments

    The Marquam Trail 8-Plex Apartments, situated at 1129 SW Gaines Street, Portland, OR 97239, features 1999 construction and a new 2023 roof installed by Interstate Roofing. The property consists of eight 2-bedroom, one-bath units, each equipped with an in-unit full-size washer and dryer, air conditioning/heat pump, and a private patio or balcony. Unique amenities include controlled access to the common area unit entry and 8 carports with extra tandem off-street parking. Residents also have access to large lockable storage units in front of each carport. The property includes a dedicated Maintenance-Work Room. Located in the Homestead neighborhood on Marquam Hill, near OHSU's medical school and two hospitals, the Oregon Health & Science University Hospital and Doernbecher Children's Hospital, the property is also connected by a skybridge to the Portland Veterans Affairs Medical Center hospital. The location offers proximity to OHSU, Portland's largest employer, which generates $7.2 billion a year in total gross economic output in Oregon and supports 42,639 jobs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.692057
    Latitude
    45.497223

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    FAQs

    What type of property is this?
    Apartment building - Charming 8-unit apartment building near OHSU in Portland, OR.
    Where is this apartment building located?
    The property is located at 1129 SW Gaines St Portland, OR.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Prime location near OHSU and its hospitals, offering high rental demand.; - Eight 2-bedroom, 1-bath units, each with in-unit full-size washer and dryer, air conditioning/heat pump, and private patio or balcony.; - New 2023 roof by Interstate Roofing, ensuring long-term durability.
    (800) 883-6905
    Request Owner's contact information
    1129 SW Gaines St Portland, OR 97239
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    Portland, OR 97239
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1129 SW Gaines St Portland, OR 97239
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