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  • $2,400,000

    1129 SW Gaines St, Portland, OR 97239

    16beds
    8,472sqft
    : 
    Multi Family
    Built in 1999
    -- sqft lot
    $-- Zestimate®
    $283/sqft
    $-- HOA

    What's special

    Private patio or balcony
    Introducing the Marquam Trail 8-Plex Apartments located at 1129 SW Gaines Street, Portland, OR 97239. This charming property boasts 1999 construction with a new 2023 roof by Interstate Roofing, ensuring durability and protection for years to come. Each of the eight 2-bedroom, one-bath units features an in-unit full-size washer and dryer, air conditioning/heat pump, and a private patio or balcony, offering modern convenience and comfort to residents. Unique amenities include controlled access to the common area unit entry, 8 carports with extra tandem off-street parking space, a rare find in the OHSU Pill Hill area. Residents also enjoy large lockable storage units in front of each carport. An Owner/Manager may enjoy the dedicated Maintenance-Work Room. Don't miss this opportunity on pill hill by OHSU Marquam Campus, with all the jobs and medical students. The Marquam Trails 8-Plex is nestled in a prime location, offering a front-row seat to Portland's largest employer, OHSU.OHSU has established itself as Portland's largest employer and as a statewide economic powerhouse. OHSU operations generate, directly and indirectly, $7.2 billion a year in total gross economic output in Oregon. OHSU's total economic impact grew 196% percent from 2007 to 2019. OHSU supports 42,639 jobs, both at OHSU and in the community. With a significant economic impact and over 42,000 jobs at OHSU, this area is a hub of growth and opportunity. Located in the sought-after Homestead neighborhood on Marquam Hill, by OHSU's medical school and two renowned hospitals, the Oregon Health & Science University Hospital and Doernbecher Children's Hospital. Additionally, a third hospital is connected from OHSU by a skybridge to the Portland Veterans Affairs Medical Center hospital that has approximately 656 employees as of January 2024.
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    Zillow last checked: 8 hours ago

    Listing updated: November 20, 2025 at 09:33am

    Listed by:

    Greg Messick 503-300-6330,

    RealtyNET, LLC

    Source: RMLS (OR),MLS#: 136481066MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Wall Furnace
    Cooling
    • Wall Unit(s), Air Conditioning
    Appliances
    • Included: Dishwasher, Electric Water Heater
    • Laundry: Washer Dryer Hookup
    Features
    • Flooring: Wood
    • Basement: Partially Finished
    Interior area
    • Total structure area: 8,472
    • Total interior livable area: 8,472 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Covered
    Features
    • Stories: 2
    • Has view: Yes
    • View description: Park/Greenbelt, Territorial, Trees/Woods
    Lot
    • Size: 10,454.4 Square Feet
    • Features: Secluded, SqFt 10000 to 14999
    Details
    • Parcel number: R247178
    • Zoning: R1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cement Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Existing
    • Year built: 1999

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Features: All Landscaping
    • Security: Entry
    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $283/sqft
    • Annual tax amount: $31,953
    • Date on market: 11/20/2025
    • Listing terms: Cash
    • Total actual rent: 15064
    • Road surface type: Paved
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    11/21/2025Listed for sale$2,400,000+38.3%$283/sqft
    Source: RMLS (OR) #136481066 Report a problem
    4/23/2017Listing removed$1,750
    Source: Parker Realty Report a problem
    4/8/2017Price change$1,750+12.9%
    Source: Parker Realty Report a problem
    3/7/2017Listed for rent$1,550+3.3%
    Source: Parker Realty Report a problem
    8/11/2015Listing removed$1,500
    Source: Parker Realty Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $12,046/mo
    Principal & interest
    $9306
    Property taxes
    $1900
    Home insurance
    $840

      Climate risks

      Neighborhood: Homestead

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Ainsworth
      • Middle: West Sylvan
      • High: Lincoln

      Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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